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33436163
33436157

5587 Northeast 7th Avenue, Portland, OR 97211

LS
OR 201249502
Reyes Real Estate LLC
Listed by Reyes Real Estate LLC
$3,280,000
5 days on market
Updated 5 days ago

5587 NE 7th Avenue

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 6,616
Net Rentable (SqFt) 6,616
Cap Rate 5.58%
NOI $182,950
Tenancy Vacant
Year Built 2026
Buildings 2
Acreage 0.100
Zoning CM2

8-units - New Construction: 5587 NE 7th AVE Portland, OR 97211

Marketing description

A new-construction investment opportunity in one of Northeast Portland's most desirable rental corridors, this 2026-built eight-plex sits just blocks from Alberta Park, Woodlawn City Park, and Ainsworth — an A+ location that consistently draws strong tenant demand. All eight units are three-level townhomes with two bedrooms and two and a half bathrooms. Interiors are finished to a high standard throughout. Kitchens feature premium appliances, tasteful tile work, and modern cabinetry, while bathrooms carry through with clean, well-considered design. LVP flooring runs throughout the living spaces, and tall ceilings paired with generous windows make each unit feel open, light-filled, and private. The result is a turnkey product that should command strong market rents and minimize early-years maintenance and capital expense. The corner-lot positioning is a meaningful advantage, allowing each unit to have its own private deck or yard space — a feature that supports tenant retention and helps the property stand out among nearby rentals. For investors looking to add a low-maintenance, new-construction asset to a Portland rental portfolio, this eight-plex offers a strong combination of location, quality, and design. Call to arrange a private tour or request additional financials.

Investment highlights

  • 8 New Construction Units: 2 bedroom / 2.5 bath units
  • Modern finishes
  • In-Unit Washer/Dryer Hook-Ups
  • Low maintenance
  • Desirable NE Portland Neighborhood

Listing Contacts

LS
OR 201249502
Reyes Real Estate LLC
Listed by Reyes Real Estate LLC

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$182,950.00
$15,245.83/mo

Valuation Metrics

0
DSCR
5.58%
Cap Rate
5.58%
ROI

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Additional Information

Name
Lake Shovoly
License
201249502
Brokerage Phone
5037040919
Brokerage Address
7504 Southwest Bridgeport Road
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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