$3,349,900
NEW CONSTRUCTION $170K PRICE INCREASE

Estimated payment $18,053/month

Total Views 7,430
7 Beds
8 Baths
9,647 Sq Ft
$347 Price per Sq Ft

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

Darryl Bodle

Keller Williams Realty Portland Premiere Brokerage Phone: 503-709-4632 License #199910100 Listed on: 08/05/2025

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

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,359

Year Built

Built in 2025 | New Construction

Lot Details

0

Listing Details

  • Standard Status: Active
  • MLS Status: Active
  • Property Type: MultiFamily
  • Stories: 3
  • Year Built: 2025
  • Property Condition: NewConstruction
  • Property Attached Yn: No
  • Open House: No
  • Special Features: 4098
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bedrooms: 7
  • Lot Size Range: SqFt5000to6999

Exterior Features

  • Exterior Description: CementSiding
  • Lot Size: 5,000 to 6,999 SqFt
  • View: Yes
  • Lot Features: Level
  • View: TreesWoods

Garage/Parking

  • Attached Garage: No

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Security: Entry
  • Cooling Y N: No
  • Heating: WallHeater
  • Heating Yn: No
  • Sewer: PublicSewer
  • Water Source: PublicWater

Schools

  • Elementary School: Glencoe
  • High School: Franklin
  • Middle Or Junior School: Mt Tabor

Lot Info

  • Zoning: CM2
  • Lot Size Acres: 0.12
  • Lot Size Sq Ft: 5227.0
  • Parcel #: R216522

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: None

Tax Info

  • Tax Deferral: No
  • Tax Year: 2024
  • Tax Annual Amount: 4359.25

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4, UnitTypeType5, UnitTypeType6, UnitTypeType7, UnitTypeType8
  • Number Of Units Total: 16
  • Gross Rent Multiplier: 13.09
  • Annual Gross Income: 256005.0
  • Property Net Operating Income: 173288.0
  • Annual Operating Expense: 82717.0

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
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
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
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
Source: Regional Multiple Listing Service (RMLS)

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
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $2,457,000 New Conventional
Previous Owner $305,000 New Conventional
Source: Public Records

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 619792928

Regional Multiple Listing Service (RMLS)

APN: R216522