5587 NE 7th Ave, Portland, OR 97211
Local realty services provided by:CENTURY 21 Northstar
5587 NE 7th Ave,Portland, OR 97211
$3,280,000
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Active
Listed by: lake shovoly, eduardo reyes
Office: keller williams realty portland premiere503-597-2444
MLS#:745845628
Source:PORTLAND
Price summary
- Price:$3,280,000
About this home
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....
Contact an agent
Home facts
- Year built:2026
- Listing ID #:745845628
- Added:1 day(s) ago
- Updated:June 08, 2026 at 09:20 PM
Rooms and interior
- Basement Description:Crawl Space
Heating and cooling
- Heating:Mini Split
Structure and exterior
- Roof:Shingle
- Year built:2026
- Lot area:0.1 Acres
- Lot Features:Corner Lot, Level
- Foundation Description:Concrete Perimeter
- Levels:3 Stories
Schools
- High school:Jefferson
- Middle school:Harriet Tubman
- Elementary school:MartinL King Jr
Utilities
- Water:Public Water
- Sewer:Public Sewer
Finances and disclosures
- Price:$3,280,000
- Tax amount:$1,742 (2025)
Parking
- Parking description:On street
New listings near 5587 NE 7th Ave
- New
$307,100Active2 beds 1 baths826 sq. ft.3707 NE 113th Avenue, Portland, OR 97220
MLS# 220222934Listed by: REALTY SERVICES TEAM - New
$425,000Active2 beds 2 baths1,168 sq. ft.13022 NW Marina Way #6, Portland, OR 97231
MLS# 168618460Listed by: MORE REALTY - New
$200,000Active0.17 AcresN Tyndall Ave, Portland, OR 97217
MLS# 482927929Listed by: WINDERMERE REALTY TRUST - New
$775,000Active5 beds 4 baths6,382 sq. ft.11016 NE Fargo St, Portland, OR 97220
MLS# 493345430Listed by: MODERN REALTY - New
$1,550,000Active5 beds 4 baths2,804 sq. ft.1708 SW Columbia St, Portland, OR 97201
MLS# 527132342Listed by: WINDERMERE REALTY TRUST - New
$569,900Active-- beds -- baths2,226 sq. ft.6204 NE 8th Ave, Portland, OR 97211
MLS# 600196381Listed by: WINDERMERE REALTY TRUST - New
$279,900Active2 beds 3 baths940 sq. ft.6649 N Fessenden St, Portland, OR 97203
MLS# 639590654Listed by: KELLER WILLIAMS REALTY PORTLAND PREMIERE - New
$1,585,000Active5 beds 4 baths3,962 sq. ft.3570 SW Council Crest Dr, Portland, OR 97239
MLS# 141607646Listed by: PORTLAND MODERN REAL ESTATE - New
$354,900Active3 beds 2 baths1,032 sq. ft.6307 SE Alberta St, Portland, OR 97206
MLS# 427719344Listed by: BERKSHIRE HATHAWAY HOMESERVICES NW REAL ESTATE