The Stanton Three | New Construction Rental Portfolio
Completed 3 unit new construction rental offering in Rose City Park.
Marketing description
Located in Portland’s desirable Rose City Park neighborhood, this newly constructed 3 unit attached offering presents a rare opportunity to acquire modern multifamily housing in a highly rentable close in NE location. The offering includes one 3 bedroom, 2.5 bathroom end unit at ~1,177 sqft and two 2 bedroom, 2.5 bathroom interior units at ~912 sqft each, totaling ~3,001 sqft. Units are vacant, complete, and ready for lease up, with a projected pro forma cap rate of 5.13% at stabilization. The location offers strong tenant appeal with walkable neighborhood amenities, bike access, and convenient proximity to NE Sandy Blvd, where residents can enjoy nearby cafés, restaurants, shops, services, and daily essentials. Each residence features a townhouse style layout with private outdoor space, mini split systems for efficient year round heating and cooling, open great room living, and upstairs laundry conveniently positioned near the bedrooms. Bedrooms in the interior units feature vaulted ceilings, while the end unit offers high ceilings throughout the home, enhancing the sense of space and natural light across the offering. The end unit also benefits from a larger private yard, creating additional unit differentiation and supporting strong rental demand. Designed and developed by a renowned local builder known for their efficient use of space, distinct accent walls with built-ins, and integrated lighting features. This offering is well positioned for investors seeking newer construction, functional layouts, and durable rental demand in one of Portland’s most established and amenity rich inner NE neighborhoods.
Investment highlights
- New Construction Rental Asset: Completed 3 unit offering with modern systems, durable finishes, and limited near term capital expense.
- Rose City Park Location: Positioned near NE Sandy, the Hollywood District, Beaumont Village, Rose City Park, transit, grocery options, coffee, dining, and commuter routes.
- Townhome Style Living: Private entries, efficient two story layouts, strong bedroom separation, and private outdoor areas create renter appeal beyond typical apartment product.
- Premium Interior Detailing: Built in features throughout the main living levels, crown molding with integrated lighting in bedrooms, and thoughtful space planning elevate the tenant experience.
- Efficient Lease Up Opportunity: Vacant and ready for occupancy, giving investors flexibility to place tenants at current market rents.
- Boutique Builder Quality: Designed and developed by a renowned local boutique builder known for efficient use of space, attention to detail, extensive built ins, and integrated lighting.
- Strong Long Term Rental Fundamentals: New construction, low maintenance design, private outdoor areas, and desirable NE Portland location support tenant retention and long term asset performance.
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