$4188900
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10 Bed
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15 Bath
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9597 SqFt
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14 DOM
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Built: 2025
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Status: Active
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Located in Portland’s highly desirable St. Johns neighborhood, this offering represents a rare new-construction cottage cluster consisting of 11 detached homes on N Bank St. The detached configuration and fee-simple ownership structure provide long-term operational flexibility, simplified management, and strong resale optionality—either as a portfolio hold or future individual dispositions, subject to buyer strategy and local regulations. Purpose-built for efficiency and durability, each residence features energy-efficient mini-split systems for year-round heating and cooling, supporting lower operating costs and broad tenant appeal. The project was delivered by a multi-year Street of Dreams builder and Builder of the Year award winner, offering confidence in construction quality, design execution, and long-term performance. The cohesive site layout balances privacy and density, enhancing tenant satisfaction while maintaining an approachable neighborhood scale. The St. Johns location continues to demonstrate strong rental demand driven by proximity to major employers, recreation, and everyday amenities. Residents enjoy quick access to Cathedral City Park, St. Johns Park, Pier Park, and the St. Johns Bridge, along with nearby dining, coffee, and breweries including Two Stroke Coffee, Affogato, John Street Cafe, Leisure Public House, StormBreaker Brewing, Wonderwood Springs, and The Fixin’ To. This amenity-rich environment supports rent stability, reduced vacancy, and long-term appreciation. Overall, this asset delivers a compelling combination of detached new construction, efficient mechanical systems, walkable neighborhood amenities, and flexible ownership structure, making it well-suited for investors seeking durable cash flow, low near-term capital needs, and strong exit optionality in one of North Portland’s most established submarkets.
Listing Provided Courtesy of Darryl Bodle, Keller Williams Realty Portland Premiere
General Information
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390824442
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14 DOM
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10
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0.26 acres
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15
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9597
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2025
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R5
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Multnomah
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New Construction
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Sitton
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George
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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: Jan 20, 2026 12:56 | Listing last modified Jan 07, 2026 13:44,
Source:
Residence Information
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-
-
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9597
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-
-
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10
-
-
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15
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Composition,Metal
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-
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OnStreet
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2
-
2025
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No
-
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BoardBattenSiding, Cedar, CementSiding, LapSiding
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CrawlSpace
-
-
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CrawlSpace
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Slab,StemWall
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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,FHA,VALoan
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01-06-2026
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No
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No
Comparable Information
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14
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14
-
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Cash,Conventional,FHA,VALoan
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$4,188,900
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$4,188,900
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-
Jan 07, 2026 13:44
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: Jan 20, 2026 12:56 | Listing last modified Jan 07, 2026 13:44.
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 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.
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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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