USAORPortlandRose City Park2833 Ne 62Nd Ave

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$7,380,900

For Sale

3 months ago

2833 Ne 62Nd Ave, Portland, OR

House

MLS® 732050211

0 Bed

0 Bath

Key Facts
Description
Map

Key Facts

Type

Levels Residential Income

Size -

Garage

Taxes

Days Active 82

Lot Size

Approx. Age 2026

MLS® Number 732050211

Property Address: 2833 Ne 62nd Ave, Portland, OR, 97213-3940

Average square foot calculated using Size range provided by listing agent.

Description

Rare opportunity to acquire a newly constructed 16-unit multifamily development in NE Portland, delivered as a cohesive, high-quality rental community with a diversified unit mix and phased completion. The portfolio includes two attached fourplex buildings totaling eight townhouse-style residences and an eight-home detached cottage cluster, offering a rare blend of density, privacy, and long-term durability. The unit mix is renter-driven, featuring two and three bedroom residences with two and a half bathrooms throughout, efficient layouts, and strong separation between living and sleeping areas. Each bedroom includes crown molding with integrated built-in lighting, while main living levels feature built-in elements that add architectural interest and durability beyond typical rental construction. Detached cottages command a rental premium due to increased spacing between homes and enhanced landscaping, while attached townhomes offer private entries, fenced outdoor spaces, and end-unit configurations that support tenant retention. One fourplex on NE Stanton is fully completed, vacant, and move-in ready, providing immediate lease-up or income potential, while the remaining fourplex and cottage homes are under construction, allowing a buyer to step into a partially stabilized asset with a clear path to full completion. All residences are built with modern, energy-efficient systems including high-performance windows, efficient heat pump heating and cooling, energy-efficient water heating, and whole-house ERV ventilation to reduce operating costs and future capital exposure. Street parking only aligns with neighborhood norms while lowering maintenance obligations. This portfolio outperforms typical townhome rentals through its detached cottage premium, superior interior detailing, private outdoor spaces, and new construction efficiency, supporting stronger rents and long-term asset resilience.

MLS® Number732050211

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age2026

BasementCrawl Space

DrivewayOn Street

Garage Spaces

Heat

A/C

Heating Fuel

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Feb 10, 2026List Date

$7,380,900List Price

Commute

Commute

Starting Address

Destination Address

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