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28319326
28319335

7190 NE Glisan St, Portland, OR 97213

DB
199910100, 25965 (+3)
Keller Williams Realty Portland Premiere
Keller Williams Realty Portland Premiere
Listed by Keller Williams Realty Portland Premiere
$2,749,900
29 days on market
Updated 29 days ago

Montavilla Modern Residences

Details
Property Type Multifamily
Sub Type Single Family Rental Portfolio
Square Footage 8,760
Net Rentable (SqFt) 8,760
Units 7
Tenancy Vacant
Pro-Forma Cap Rate 5.91%
Pro-Forma NOI $162,497
Price per SqFt $314
Class A
Year Built 2025
Buildings 1
Stories 3
Acreage 0.100
Zoning CM2
Investment Type Value Add
Sale Condition N/A

New 7 unit lease up opportunity by a multi-year Street of Dreams Builder of the Year award winner

Marketing description

Exceptional Investment Opportunity. This newly constructed 7-unit community is ideally positioned in Portland’s highly desirable Montavilla neighborhood, an area known for its strong rental demand, vibrant local culture, and excellent access to both urban amenities and major employment corridors. The property features a rare and highly sought-after unit mix, with spacious residences ranging from approximately 1,190 to 1,390 square feet across three thoughtfully designed levels. The homes were crafted by a multi-year Street of Dreams builder and Builder of the Year award winner by the Home Building Association, reflecting a high level of quality, durability, and long-term appeal. Two units include a flexible ground-floor space well suited for a home office or potential fourth bedroom, catering to today’s work-from-home and multi-use living preferences, while the remaining five units offer efficient and in-demand three-bedroom layouts. All residences feature 2.5 bathrooms and modern, low-maintenance design elements that appeal strongly to long-term tenants. Montavilla continues to stand out as a tenant-favorite neighborhood due to its walkable commercial core, strong community identity, and convenient access to downtown Portland, the Central Eastside, and I-84. Nearby amenities include Montavilla Brew Works, Roscoe’s, Academy Theater, and a variety of local coffee shops, restaurants, and neighborhood services along SE Stark Street. Residents also enjoy close proximity to Montavilla Park, providing green space and outdoor recreation just minutes from home. This combination of new construction, larger unit sizes, flexible layouts, and a proven rental location is seldom found in today’s market. A compelling opportunity for investors seeking durable construction, strong tenant appeal, and long-term income stability in one of Northeast Portland’s most consistently desirable neighborhoods.

Investment highlights

  • Newly completed 7 unit investment opportunity combining larger format floor plans with craftsmanship from a multi-year Street of Dreams builder and Builder of the Year award winner by the Home Building Association
  • Five spacious 3 bedroom residences ranging from ~1,190 to 1,230 SF
  • Two premium 4 bedroom residences averaging ~1,365 SF with flexible live/work potential
  • Located near Montavilla favorites including Academy Theater, Montavilla Brew Works, Roscoe’s, and Montavilla Park
  • Convenient access to I-84, downtown Portland, transit corridors, and major employment centers
  • Mini split heating and cooling systems provide energy efficient comfort and operational efficiency
  • Functional floor plans appeal to roommate style households, families, and work from home tenants

Listing Contacts

DB
199910100, 25965 (+3)
Keller Williams Realty Portland Premiere
Keller Williams Realty Portland Premiere
Listed by Keller Williams Realty Portland Premiere

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