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Listed by Keller Williams Realty Portland Premiere • 503-709-4632
$ 7,380,900
Est. payment /mo
Price Dropped by $1.6M
2833 NE 62nd AVE Portland, OR 97213
22,556 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 22,556 sqft
Price per Sqft $327
Subdivision Rose City Park
MLS Listing ID 732050211
Year Built 2026
Tax Year 2026
Lot Size 0.580 Acres
Property Description
Rare opportunity to acquire a newly constructed 16-unit multifamily development in NE Portland, delivered as a cohesive, high-quality rental community with a diversified unit mix and phased completion. The portfolio includes two attached fourplex buildings totaling eight townhouse-style residences and an eight-home detached cottage cluster, offering a rare blend of density, privacy, and long-term durability. The unit mix is renter-driven, featuring two and three bedroom residences with two and a half bathrooms throughout, efficient layouts, and strong separation between living and sleeping areas. Each bedroom includes crown molding with integrated built-in lighting, while main living levels feature built-in elements that add architectural interest and durability beyond typical rental construction. Detached cottages command a rental premium due to increased spacing between homes and enhanced landscaping, while attached townhomes offer private entries, fenced outdoor spaces, and end-unit configurations that support tenant retention. One fourplex on NE Stanton is fully completed, vacant, and move-in ready, providing immediate lease-up or income potential, while the remaining fourplex and cottage homes are under construction, allowing a buyer to step into a partially stabilized asset with a clear path to full completion. All residences are built with modern, energy-efficient systems including high-performance windows, efficient heat pump heating and cooling, energy-efficient water heating, and whole-house ERV ventilation to reduce operating costs and future capital exposure. Street parking only aligns with neighborhood norms while lowering maintenance obligations. This portfolio outperforms typical townhome rentals through its detached cottage premium, superior interior detailing, private outdoor spaces, and new construction efficiency, supporting stronger rents and long-term asset resilience.
Location
State OR
County Multnomah
Area _142
Zoning R2.5
Rooms
Basement Crawl Space
Interior
Heating Mini Split
Cooling Heat Pump, Mini Split
Exterior
View Trees Woods
Roof Type Composition
Garage No
Building
Lot Description Level
Story 2
Foundation Concrete Perimeter
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
Listing Terms Cash, Conventional
Virtual Tour https://www.youtube.com/watch?v=EF1cKBJXoJY
