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Tim Penner

MORE Realty

concierge@pennergroupproperties.com +1(971) 777-3137

Listed by Keller Williams Realty Portland Premiere • 503-709-4632

$3,339,900

Est. payment - /mo

8,356 SqFt

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Open House

Sat Apr 18, 10:00am - 12:00pm

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Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 8,356 sqft

Price per Sqft $399

Subdivision Rose City Park

MLS Listing ID 204317021

Year Built 2026

Tax Year 2026

Lot Size 9,583 Sqft

Property Description

Located in Portland's desirable Rose City Park neighborhood, these newly constructed attached 4-plexes offer a rare opportunity to acquire a modern, low maintenance multifamily asset in a highly rentable close in NE location. The area boasts a very walkable setting and strong bike accessibility, making it especially appealing to tenants who value walkable amenities, bike access, and everyday convenience. Rose City Park is known for its residential charm paired with close proximity to the shops, restaurants, cafés, and daily conveniences along NE Sandy Blvd, further enhancing tenant desirability. Together, the two identical 4-plexes feature a strong and efficient unit mix totaling approximately 8,356 square feet. Across both buildings there are four end units configured as 3 bedrooms and 2.1 bathrooms at approximately 1,177 square feet each, and four interior units configured as 2 bedrooms and 2.1 bathrooms at approximately 912 square feet each. In total, the portfolio offers 20 bedrooms and 16.8 bathrooms. All units are townhouse style with private outdoor space and energy efficient mini split systems for year round heating and cooling. The property was built and developed by a local boutique builder known for quality construction, high end finishes, extensive built ins, distinctive accent walls and crown molding with integrated lighting throughout the units. Each residence is thoughtfully designed with high ceilings on the main level, open great room layouts, and upstairs laundry conveniently located between bedrooms. Interior unit bedrooms feature vaulted ceilings, enhancing the spacious feel and furthering tenant appeal. End units benefit from larger private yards, further supporting strong tenant retention. This is a compelling opportunity for investors seeking modern construction, strong unit differentiation, and durable rental demand in one of Portland's most established and amenity rich neighborhoods.

Location

State OR

County Multnomah

Area _142

Zoning R2.5

Rooms

Basement Crawl Space

Interior

Heating Heat Pump, Mini Split, Wall Heater

Cooling Heat Pump, Mini Split

Exterior

View Trees Woods

Roof Type Composition

Garage No

Building

Lot Description Corner Lot, Level

Story 2

Foundation Concrete Perimeter, Stem Wall

Sewer Public Sewer

Water Public Water

Level or Stories 2

Schools

Elementary Schools Rose City Park

Middle Schools Roseway Heights

High Schools Leodis Mcdaniel

Others

Acceptable Financing Cash, Conventional, FHA, VALoan

Listing Terms Cash, Conventional, FHA, VALoan

Virtual Tour https://www.youtube.com/watch?v=EF1cKBJXoJY

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Regional Multiple Listing Service (RMLS)

NEARBY SCHOOL & BUSINESS

+1(971) 777-3137

concierge@pennergroupproperties.com

9792 SW Nimbus Ave, Beaverton, OR, 97008, USA

2938 NE 62nd AVE Portland, OR 97213