$799900
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6 Bed
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6 Bath
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2565 SqFt
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1 DOM
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Built: 2024
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Status: Active
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Offered as a stabilized multifamily portfolio, this opportunity includes three townhome-style condo units located at 5857 NE Prescott St in Portland, within the desirable Cully neighborhood. The property consists of newer-construction homes with consistent, efficient layouts designed for strong long-term rental performance. Each unit offers approximately 855 square feet with 2 bedrooms and 1.1 bathrooms, featuring an open great room concept on the main level and a single ensuite bathroom upstairs. One unit is street-facing, while the remaining two units are set behind a secured gate, providing an added layer of privacy, security, and peace of mind that is attractive to long-term tenants. The homes showcase modern architecture and elevated design that resonates with today’s renters, including light-filled interiors, fireplaces anchoring the living spaces, private back patios, and fenced yard areas that enhance livability and tenant retention. Energy-efficient mini-split systems provide year-round heating and cooling, aligning with tenant expectations while supporting operational efficiency. The location continues to perform well as a rental market, offering close proximity to neighborhood restaurants, coffee shops, retail, parks, and convenient access throughout Northeast Portland. Strong walkability and bike access further support sustained tenant demand. All units are currently tenant-occupied with stabilized market rents ranging from $1,775 to $2,175 per month, providing immediate in-place income. There is a modest homeowners association of $40 per month plus water. Income figures are per seller-provided rent roll, with certain expenses estimated. Buyer to perform all due diligence regarding financials, operating expenses, and projected rental cash flow. This portfolio presents a clean, low-maintenance opportunity to bolster an investment portfolio with modern construction, desirable unit mix, and stabilized revenue in a proven Northeast Portland location.
Listing Provided Courtesy of Darryl Bodle, Keller Williams Realty Portland Premiere
General Information
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771192738
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1 DOM
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6
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6
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2565
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2024
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CM2
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Multnomah
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R723494
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Rigler
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Beaumont
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Leodis McDaniel
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MultiFamily
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PRESCOTT STREET CONDOMINIUM, UNIT 7; UNIT 6 & UNIT 1
Listing Provided Courtesy of Darryl Bodle, Keller Williams Realty Portland Premiere
PDXA1 Realty Group data last checked: Feb 26, 2026 22:26 | Listing last modified Jan 23, 2026 13:04,
Source:
Residence Information
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-
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2565
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-
-
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6
-
-
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6
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Composition
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-
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OnStreet
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2
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2024
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No
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CementSiding
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CrawlSpace
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-
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CrawlSpace
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ConcretePerimeter,Sl
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Features and Utilities
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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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12574.69
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None
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-
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Cash,Conventional
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01-22-2026
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No
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No
Comparable Information
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1
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35
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Cash,Conventional
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$799,900
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$799,900
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Jan 23, 2026 13:04
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: Feb 26, 2026 22:26 | Listing last modified Jan 23, 2026 13:04.
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 a very good negotiator. He was quick to respond, when I had questions. He came to all the meetings with the seller and provided valuable inputs on inspections and mortgage options. Overall, I was impressed and would love to work with him again.
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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.
— Vignesh Chan
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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