3 Locations

722, 732, and 736 NE Couch Street present a rare opportunity to acquire a portfolio of three single-family homes in the heart of Portland’s Kerns neighborhood. Situated in the highly walkable and transit-accessible inner eastside, the properties benefit from strong, consistent tenant demand.

The property is subject to a Low Income Housing Development Agreement whereby the property must be used for low-income housing. The covenant runs with the land for a sixty (60) year term.

With limited available inventory in this core submarket, the offering is well-suited for either a long-term investment or a strategic repositioning.

Nestled just east of the Willamette River and downtown Portland, the Kerns neighborhood offers the perfect blend of residential charm and urban convenience. This highly sought-after close-in eastside location is known for its walkable streets, bike-friendly infrastructure, and seamless access to public transit and major arterials, including I-84.

Kerns is home to a dynamic mix of historic single family homes, boutique apartment buildings, and modern mid-rise developments—reflecting the area’s strong housing demand and long-term growth potential. Residents enjoy immediate access to a vibrant mix of local dining, retail, and cultural amenities, including Portland staples along East Burnside, NE Couch, and Sandy Boulevard.

With limited housing inventory in this core submarket, the area continues to attract consistent tenant interest and investor attention.