$6,999,000
NEW CONSTRUCTION

Estimated payment $43,815/month

Total Views 16
20 Beds
30 Baths
15,956 Sq Ft
$439 Price per Sq Ft

Highlights

  • New Construction
  • View of Trees or Woods
  • Mini Split Air Conditioners
  • Vernon School Rated 9+
  • 0.25 Acre Lot
  • Board and Batten Siding

About This Home

This collection of three buildings and 17 units, completed between 2024 and 2025, combines modern design, durable construction, and refined finishes that appeal to today’s tenants and investors alike. Each property features premium materials, energy-efficient systems, and low-maintenance landscaping, creating a high-quality, turnkey investment. All units are vacant and move-in ready, allowing for immediate leasing and quick tenant turnaround. Each residence is individually metered and offers a private outdoor living space, providing comfort and day-to-day convenience. Located in Reed, Creston-Kenilworth, and Concordia, the portfolio is surrounded by neighborhood amenities, parks, and major institutions including Reed and Lewis & Clark Colleges. These prime locations ensure consistent tenant demand and strong long-term appreciation potential. An outstanding opportunity to acquire new, high-performing assets in sought-after areas of Portland, designed for both tenant satisfaction and investor success. Taxes & rental income are estimated. Buyer to perform all due diligence regarding the projected rental income.

Listing Agent

Darryl Bodle

Keller Williams Realty Portland Premiere Brokerage Phone: 503-709-4632 License #199910100 Listed on: 11/04/2025

Keller Williams Realty Portland Premiere

Co-Listing Agent

Kelly Christian

Keller Williams Realty Portland Premiere Brokerage Phone: 503-709-4632 License #201231606

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2025 | New Construction

Lot Details

  • 0.25 Acre Lot
  • Level Lot

Parking

  • On-Street Parking

Home Design

  • Composition Roof
  • Board and Batten Siding
  • Lap Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 15,956 Sq Ft Home
  • 2-Story Property
  • Views of Woods
  • Crawl Space

Bedrooms and Bathrooms

  • 20 Bedrooms
  • 30 Bathrooms

Schools

  • Faubion Elementary And Middle School
  • Jefferson High School

Utilities

  • Mini Split Air Conditioners
  • Mini Split Heat Pump
  • Electric Water Heater

Community Details

  • 17 Units

Listing and Financial Details

  • Assessor Parcel Number New Construction

Property Details

Home Type

Multi-Family

Year Built

Built in 2025 | New Construction

Lot Details

0

Listing Details

  • Standard Status: Active
  • MLS Status: Active
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 2025
  • Property Condition: NewConstruction
  • Property Attached Yn: No
  • Open House: No
  • Special Features: 4098
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: CrawlSpace
  • Storage: None
  • Total Bedrooms: 20
  • Lot Size Range: SqFt10000to14999

Exterior Features

  • Exterior Description: BoardBattenSiding,LapSiding
  • Lot Size: 10,000 to 14,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: Yes
  • Lot Features: Level
  • Road Surface Type: Paved
  • Disclosures: Disclosure
  • Roof: Composition
  • View: TreesWoods

Garage/Parking

  • Parking Description: OnStreet
  • Attached Garage: No

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Cooling: MiniSplit
  • Cooling Y N: Yes
  • Heating: MiniSplit
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Schools

  • Elementary School: Faubion
  • High School: Jefferson
  • Middle Or Junior School: Faubion

Lot Info

  • Zoning: CM1
  • Lot Size Acres: 0.25
  • Lot Size Sq Ft: 10890.0
  • Parcel #: New Construction

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: None

Tax Info

  • Tax Deferral: No
  • Tax Year: 2025

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType10, UnitTypeType2, UnitTypeType3, UnitTypeType4, UnitTypeType5, UnitTypeType6, UnitTypeType7, UnitTypeType8, UnitTypeType9
  • Number Of Units Total: 17

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/04/2025 11/04/25 For Sale $6,999,000 -- $439 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 401313319

Regional Multiple Listing Service (RMLS)