USAORPortlandRose City Park2833 Ne 62Nd Ave

2833 Ne 62 Nd Ave, Portland, OR

Real Estate

For Sale

Listed price in listed location currency (USD).

$8,980,900

000

MLS® 732050211

Key Facts
Description
Map

Key Facts

Type Other

Levels Residential Income

Size -

Garage No

HOA Fees

Taxes

Days Active 12

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 20-unit multifamily portfolio in NE Portland, delivered as a cohesive, high-quality rental community with a diversified unit mix and phased completion. The portfolio includes twelve attached townhouse-style residences across three fourplex buildings and eight detached cottage homes, offering an uncommon 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 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 two fourplex buildings and cottage homes are under construction, allowing a buyer to step into a partially stabilized asset with a clear path to 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. 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, with a projected 5.37% cap rate at stabilization.

MLS® Number732050211

Locker

Ensuite LaundryNo

Balcony

Furnished

Laundry Level

Exposure

Exterior

GarageNo

Approx. Age2026

Stories

Pets

Included in Maintenance Fee

Heat

Hydro

Water

Building Insurance

Condo Taxes

Cable TV

Central Air

Parking Maintenance

Utilities

Heat

A/C

Heating Fuel

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Feb 10, 2026List Date

$8,980,900List Price

Commute

Commute

Starting Address

Destination Address

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