$1839900
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6 Bed
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9 Bath
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5071 SqFt
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1 DOM
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Built: 2025
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Status: Active
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New construction 5 unit townhouse style asset in North Portland’s highly desirable Humboldt neighborhood, offering a fully completed, move in ready multifamily property that is vacant and ready for lease up with strong rental appeal. Each of the five units is thoughtfully designed with a 2 bedroom, 2.1 bathroom layout across ~1015 SqFt, providing functional separation, privacy, and broad tenant appeal. The townhouse style configuration eliminates units above or below, reducing noise transfer and supporting long term tenant retention. All units feature open concept main levels with modern finishes, including custom cabinetry, stainless steel appliances, solid surface countertops, peninsula kitchens with eat bars, and durable, low maintenance materials throughout. Each unit is equipped with energy efficient mini split heating and cooling, supporting tenant controlled comfort and reduced owner maintenance. Designed with long term performance in mind, every unit includes a private fenced yard and covered patio, highly desirable features that support rent premiums and tenant satisfaction. The end unit benefits from a larger yard and additional natural light, while the front unit offers convenient proximity to street parking, creating natural rent differentiation across the unit mix. New construction significantly limits near term capital expenditures, providing investors with a clean, turnkey asset positioned for immediate lease up and stable cash flow. Located in close proximity to New Seasons Market, Peninsula Park, and the vibrant Mississippi Avenue corridor, the property benefits from strong tenant demand driven by access to amenities, employment centers, and transportation options.
Listing Provided Courtesy of Darryl Bodle, Keller Williams Realty Portland Premiere
General Information
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456565351
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1 DOM
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6
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4791.6 SqFt
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9
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5071
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2025
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RM2
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Multnomah
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R732312
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Beach
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Ockley Green
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Roosevelt
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MultiFamily
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TBD
Listing Provided Courtesy of Darryl Bodle, Keller Williams Realty Portland Premiere
PDXA1 Realty Group data last checked: Apr 04, 2026 02:08 | Listing last modified Apr 03, 2026 16:54,
Source:
Residence Information
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-
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5071
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-
-
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6
-
-
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9
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Composition
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-
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OnStreet
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2
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2025
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No
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CementSiding, LapSiding
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-
-
-
-
-
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Features and Utilities
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-
-
-
-
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HeatPump, MiniSplit
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Electricity, Tank
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MiniSplit
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PublicSewer
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Electricity, Tank
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Electricity
Financial
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0
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None
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-
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Cash,Conventional
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04-03-2026
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No
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No
Comparable Information
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1
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1
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Cash,Conventional
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$1,839,900
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$1,839,900
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Apr 03, 2026 16:54
Schools
Map
Listing courtesy of Keller Williams Realty Portland Premiere.
The content relating to real estate for sale on this site comes in part from the IDX program of the RMLS of Portland, Oregon.
Real Estate listings held by brokerage firms other than this firm are marked with the RMLS logo, and
detailed information about these properties include the name of the listing's broker.
Listing content is copyright © 2019 RMLS of Portland, Oregon.
All information provided is deemed reliable but is not guaranteed and should be independently verified.
PDXA1 Realty Group data last checked: Apr 04, 2026 02:08 | Listing last modified Apr 03, 2026 16:54.
Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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Venkat is very professional and has tremendous knowledge in the real estate industry. He was always available to discuss and made time to visit the construction site several times during the course. I was looking at a new construction and had to wait for the property to be built.
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Muthu has good knowledge about the community and understands the needs of his customers. He helped us sell our house in record time and followed up with the buyer and the agent until the complete closure. We received multiple offers and Muthu negotiated well and helped us decide on the buyer.
— Praveen
Venkat Muthu is a wonderful person to go with. Very friendly and advices as per the need and gives his service and support where and when needed and some times going beyond. Really happy to share the review and I highly recommend if anyone is looking for any homes.
— Alishetty
Venkat is great to work with as realtor. He is very patient and listens to the requests of the buyer or seller and doesn’t push as t any point of time. He has a good understanding of the market situation and location for investments as well. All this comes from experience with him recently buying a home.
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