5587 NE 7th Ave Portland, OR 97211
Listing Courtesy of: MLS LogoRMLS / Listed By: Keller Williams Realty Portland Premiere - Contact:  503-704-0919

  5587 NE 7th Ave Portland, OR 97211

Active (3 Days)
$3,280,000 (USD)
16
BED
24
BATH

Description

A new-construction investment opportunity in one of Northeast Portland's most desirable rental corridors, this 2026-built eight-plex sits just blocks from Alberta Park, Woodlawn City Park, and Ainsworth — an A+ location that consistently draws strong tenant demand. All eight units are three-level townhomes with two bedrooms and two and a half bathrooms. Interiors are finished to a high standard throughout. Kitchens feature premium appliances, tasteful tile work, and modern cabinetry, while bathrooms carry through with clean, well-considered design. LVP flooring runs throughout the living spaces, and tall ceilings paired with generous windows make each unit feel open, light-filled, and private. The result is a turnkey product that should command strong market rents and minimize early-years maintenance and capital expense. The corner-lot positioning is a meaningful advantage, allowing each unit to have its own private deck or yard space — a feature that supports tenant retention and helps the property stand out among nearby rentals. For investors looking to add a low-maintenance, new-construction asset to a Portland rental portfolio, this eight-plex offers a strong combination of location, quality, and design. Call to arrange a private tour or request additional financials.

MLS #:
745845628
Taxes
$1,742(2025)
Lot Size
4,356 SQFT
Type
Multifamily
Year Built
2026
County
Multnomah County

Listed By

Lake Shovoly, Keller Williams Realty Portland Premiere, Contact: 503-704-0919
Source
RMLS
Last checked Jun 12 2026 at 12:54 AM PDT
Bathroom Details
  • Full Bathrooms: 24
Lot Information
  • Level
  • Corner Lot
Property Features
  • Foundation: Concrete Perimeter
Heating and Cooling
  • Mini Split
Basement Information
  • Crawl Space
Exterior Features
  • Cement Siding
  • Roof: Shingle
Utility Information
  • Sewer: Public Sewer
  • Fuel: Electricity
School Information
  • Elementary School: Martinl King Jr
  • Middle School: Harriet Tubman
  • High School: Jefferson
Parking
  • On Street
Stories
  • 3
Additional Information: Keller Williams Realty Portland Premiere | 503-704-0919
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Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

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Disclaimer: The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by brokerage firms other than Windermere Real Estate Services Company, Inc. are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2026 RMLS, Portland, Oregon. All information provided is deemed reliable but is not guaranteed and should be independently verified. Last updated on (6/11/26 17:54). Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.