- CENTURY 21 Real Estate
- Oregon
- Portland
- 2833 NE 62nd Ave
2833 NE 62nd Ave, Portland, OR 97213
Local realty services provided by:CENTURY 21 Agate Realty
2833 NE 62nd Ave,Portland, OR 97213
$8,980,900
- - Beds
- - Baths
- 22,556 sq. ft.
- Multi-family
- Active
Listed by: darryl bodle, kelly christian
Office: keller williams realty portland premiere
MLS#:732050211
Source:PORTLAND
Price summary
- Price:$8,980,900
- Price per sq. ft.:$398.16
About this home
Rare opportunity to acquire a newly constructed 20-unit multifamily portfolio in NE Portland, delivered as a cohesive, high-quality rental community with a diversified unit mix and phased completion. The portfolio includes twelve attached townhouse-style residences across three fourplex buildings and eight detached cottage homes, offering an uncommon 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 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 two fourplex buildings and cottage homes are under construction, allowing a buyer to step into a partially stabilized asset with a clear path to 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. 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, with a projected 5.37% cap rate at stabilization.
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Home facts
- Year built:2026
- Listing ID #:732050211
- Added:1 day(s) ago
- Updated:February 11, 2026 at 12:20 PM
Rooms and interior
- Living area:22,556 sq. ft.
Heating and cooling
- Cooling:Heat Pump
- Heating:Mini Split
Structure and exterior
- Roof:Composition
- Year built:2026
- Building area:22,556 sq. ft.
- Lot area:0.58 Acres
Schools
- High school:Leodis McDaniel
- Middle school:Roseway Heights
- Elementary school:Rose City Park
Utilities
- Water:Public Water
- Sewer:Public Sewer
Finances and disclosures
- Price:$8,980,900
- Price per sq. ft.:$398.16
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