2833 NE 62nd AVE, Portland, OR 97213

  • $7,380,900
  • $8,980,900

Overview

  • 22556 Sqft
    Property Size
  • 2026
    Year Built
  • MultiFamily
    Property Type
  • 732050211
    MLS#
  • 0.58 Acres
    Land Area
  • Keller Williams Realty Portland Premiere
    Office Name
  • Darryl Bodle
    Agent Name

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.

Details

Updated on March 8, 2026 at 8:20 am
  • MLS# 732050211
  • Price $7,380,900
  • Property Size 22556 Sqft
  • Land Area 0.58 Acres
  • Garage Size x x
  • Year Built 2026
  • Property Type MultiFamily
  • Property Status Active
  • Office Name Keller Williams Realty Portland Premiere
  • Agent Name Darryl Bodle
  • Office Phone 503-597-2444

Additional details

  • Listing Terms Cash, Conventional
  • Roof Composition
  • Sewer Public Sewer
  • Cooling Heat Pump, Mini Split
  • Heating Mini Split
  • County Multnomah
  • Property Type MultiFamily
  • Parking On Street
  • Elementary School Rose City Park
  • Middle School Roseway Heights
  • High School Leodis McDaniel

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