11 NE 55th Ave Portland, OR 97213
North Tabor NeighborhoodEstimated payment $18,053/month
Highlights
- New Construction
- View of Trees or Woods
- Level Lot
- Glencoe Elementary School Rated A-
- Controlled Entrance
- Heating System Mounted To A Wall or Window
About This Home
Exceptional investment opportunity in Portland’s coveted North Tabor neighborhood. This newly constructed 16-unit apartment building, completed by a respected local builder, offers modern design, long-term durability, and broad rental appeal. With a proven rental history and low-maintenance construction, this turnkey property is ideal for both seasoned investors and those looking to expand their portfolio. The building features a desirable mix of thoughtfully designed units, allowing for flexible leasing and strong occupancy rates. Stylish, contemporary finishes throughout the interiors and a clean, modern exterior enhance tenant satisfaction and curb appeal. Secure entry and well-maintained common areas contribute to tenant comfort and building integrity. Set in the heart of North Tabor—a neighborhood prized for its close-in convenience, tree-lined streets, and easy access to transit, parks, and vibrant local businesses—this location places tenants near the MAX light rail, Providence Portland Medical Center, and popular spots like Tabor Bread, Coquine, and the Montavilla dining and shopping scene. With a strong Walk Score and bike-friendly streets, this area is ideal for tenants seeking a connected, car-free lifestyle. Enjoy the stability of a high-demand rental location, paired with the ease of a well-executed new build. Don’t miss this rare chance to own a premium multifamily asset in one of Portland’s most sought-after close-in Eastside neighborhoods.
Listing Agent
Keller Williams Realty Portland Premiere Brokerage Phone: 503-709-4632 License #199910100 Listed on: 08/05/2025
Co-Listing Agent
Keller Williams Realty Portland Premiere Brokerage Phone: 503-709-4632 License #201231606
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,359
Year Built
- Built in 2025 | New Construction
Lot Details
- 5,227 Sq Ft Lot
- Level Lot
Parking
- Controlled Entrance
Home Design
- Cement Siding
Interior Spaces
- 9,647 Sq Ft Home
- 3-Story Property
- Views of Woods
Bedrooms and Bathrooms
- 7 Bedrooms
- 8 Bathrooms
Schools
- Glencoe Elementary School
- Mt Tabor Middle School
- Franklin High School
Utilities
- No Cooling
- Heating System Mounted To A Wall or Window
- Electric Water Heater
Listing and Financial Details
- Assessor Parcel Number R216522
Community Details
Overview
- 16 Units
- North Tabor Subdivision
Building Details
- Operating Expense $82,717
- Gross Income $256,005
- Net Operating Income $173,288
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $4,522 | $167,810 | $167,810 | -- |
| 2024 | $4,359 | $162,930 | $162,930 | -- |
| 2023 | $4,192 | $158,190 | $158,190 | $0 |
| 2022 | $4,101 | $153,590 | $0 | $0 |
| 2021 | $4,032 | $149,120 | $0 | $0 |
| 2020 | $3,699 | $144,780 | $0 | $0 |
| 2019 | $3,563 | $140,570 | $0 | $0 |
| 2018 | $3,458 | $136,479 | $0 | $0 |
| 2017 | $3,010 | $120,320 | $0 | $0 |
| 2016 | $2,754 | $116,820 | $0 | $0 |
| 2015 | $2,682 | $113,420 | $0 | $0 |
| 2014 | $2,642 | $110,120 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/15/2025 08/15/25 | Price Changed | $3,349,900 | +5.3% | $347 / Sq Ft |
| 08/05/2025 08/05/25 | For Sale | $3,179,900 | -- | $330 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $650,000 | Fidelity National Title | |
| Interfamily Deed Transfer | -- | Accommodation | |
| Warranty Deed | $281,850 | Lawyers Title |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $2,457,000 | New Conventional | |
| Previous Owner | $305,000 | New Conventional |
Source: Regional Multiple Listing Service (RMLS)
MLS Number: 619792928
APN: R216522
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