5855 NE Prescott St, Portland, OR 97218
Local realty services provided by:CENTURY 21 Agate Realty
5855 NE Prescott St,Portland, OR 97218
$5,424,900
- - Beds
- - Baths
- 13,521 sq. ft.
- Multi-family
- Active
Listed by: darryl bodle, kelly christian
Office: keller williams realty portland premiere503-597-2444
MLS#:326159155
Source:PORTLAND
Price summary
- Price:$5,424,900
- Price per sq. ft.:$401.22
About this home
Investor Opportunity – Newly Built 17-Unit Portland Multifamily Portfolio! An exceptional opportunity to acquire a newly constructed 17-unit multifamily portfolio across three high-performing Portland neighborhoods: Cully, Kenton, and St. Johns. Built between 2023 and 2025, each building showcases modern design with high-end finishes, open layouts, and oversized windows that fill the interiors with natural light. The combination of thoughtful design and new construction ensures lasting tenant appeal and minimal ongoing maintenance. Every unit is individually metered, providing simplified management and reduced operating costs. With the majority of units currently leased and income-producing, investors benefit from immediate cash flow and potential for continued rent growth and appreciation across some of Portland’s most stable rental markets. In Cully, residents enjoy easy access to Tamale Boy, Baerlic Brewing, Coffee Beer, and outdoor spaces such as Khunamokwst Park and the Beaumont Village corridor. Kenton offers a close-knit community anchored by Kenton Park and the Denver Avenue retail district, where tenants frequent Po’Shines Café De La Soul, Mayfly Taproom, and Prince Coffee. St. Johns attracts long-term renters with its riverfront charm and vibrant main street featuring Cathedral Park, StormBreaker Brewing, Great North Coffee, and St. Johns Theater & Pub. This portfolio delivers turnkey performance and operational efficiency; the recent construction offers strong tax depreciation benefits and reduced capital expenditure needs. With stable tenancy, desirable locations, and contemporary design, investors gain both dependable returns and long-term upside potential. Whether held as a complete portfolio or considered individually for strategic flexibility, these assets provide scale, stability, and enduring value in three of Portland’s most in-demand rental neighborhoods....
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Home facts
- Year built:2025
- Listing ID #:326159155
- Added:172 day(s) ago
- Updated:April 28, 2026 at 12:29 PM
Rooms and interior
- Basement Description:Crawl Space
- Living area:13,521 sq. ft.
Heating and cooling
- Heating:Mini Split
Structure and exterior
- Roof:Composition
- Year built:2025
- Building area:13,521 sq. ft.
- Foundation Description:Concrete Perimeter
- Levels:2 Stories
Schools
- High school:Leodis McDaniel
- Middle school:Beaumont
- Elementary school:Rigler
Utilities
- Water:Public Water
- Sewer:Public Sewer
Finances and disclosures
- Price:$5,424,900
- Price per sq. ft.:$401.22
Parking
- Parking description:On street
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