2938 NE 62nd Ave, Portland, OR 97213
Local realty services provided by:CENTURY 21 Agate Realty
2938 NE 62nd Ave,Portland, OR 97213
$2,889,900
- - Beds
- - Baths
- 7,179 sq. ft.
- Multi-family
- Active
Listed by: darryl bodle, kelly christian
Office: keller williams realty portland premiere503-597-2444
MLS#:204317021
Source:PORTLAND
Price summary
- Price:$2,889,900
- Price per sq. ft.:$402.55
About this home
Located in Portland’s desirable Rose City Park neighborhood, this newly constructed 7 unit multifamily offering presents a rare opportunity to acquire a modern, low maintenance asset in a highly rentable close in NE location with a projected pro forma cap rate of 5.6% at stabilization. All units are vacant, complete, and ready for lease up, giving investors immediate control over tenant placement, rental positioning, and stabilization strategy. The offering includes seven townhouse style residences across two buildings totaling ~7,179 square feet, with three end units configured as 3 bedrooms and 2.1 bathrooms at ~1,177 square feet each, and four interior units configured as 2 bedrooms and 2.1 bathrooms at ~912 square feet each. In total, the portfolio offers 17 bedrooms, 14 full bathrooms, and 7 half bathrooms. Each residence includes private outdoor space and energy efficient mini split systems for year round heating and cooling. The property was designed 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 home is thoughtfully designed with high ceilings on the main level, open great room layouts, upstairs laundry conveniently located near the bedrooms, and strong unit differentiation that supports long term tenant appeal. Interior unit bedrooms feature vaulted ceilings, enhancing the spacious feel, while end units benefit from larger private yards. The Rose City Park location further supports tenant retention with everyday convenience near NE Sandy Blvd, the Hollywood District, grocery options, cafés, restaurants, parks, bike routes, and transit access. Tenants can enjoy nearby coffee, dining, errands, greenspaces, and commuting options while still living in one of close in Portland’s most established and desirable residential neighborhoods....
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Home facts
- Year built:2026
- Listing ID #:204317021
- Added:113 day(s) ago
- Updated:June 20, 2026 at 01:35 PM
Rooms and interior
- Basement Description:Crawl Space
- Living area:7,179 sq. ft.
Heating and cooling
- Cooling:Heat Pump
- Heating:Heat Pump, Mini Split
Structure and exterior
- Roof:Composition
- Year built:2026
- Building area:7,179 sq. ft.
- Lot area:0.22 Acres
- Lot Features:Corner Lot, Level
- Foundation Description:Concrete Perimeter, Stem Wall
- Levels:2 Stories
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:$2,889,900
- Price per sq. ft.:$402.55
Parking
- Parking description:On street
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