USAORPortlandCathedral Park7206 N Saint Louis Ave

$1,899,000

For Sale

4 years ago

7206 N Saint Louis Ave, Portland, OR

Name: 7206 N Saint Louis Ave, For Sale in Portland - eXp Realty
Brand: Keller Williams Realty Portland Premiere
SKU: 22390670
Price: 1899000 USD

MLS® 22390670

0 Bed

0 Bath

Key Facts
Description
Rooms
Map

Key Facts

Type Other

Levels Residential Income

Size -

Garage No

HOA Fees

Taxes $16,512

Days Active 1396

Approx. Age 2022

MLS® Number 22390670

Property Address: 7206 N Saint Louis Ave, Portland, OR, 97203-2935

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

Description

Fully leased, income-producing 7-unit multifamily asset in North Portland, well suited for a 1031 exchange buyer seeking stable cash flow, diversified unit mix, and modern construction in a single acquisition. The property includes six newer-construction condominium residences plus a detached single-family home, offering multiple income streams and reduced operational concentration risk. The newer units feature efficient, renter-driven open-concept layouts with contemporary finishes, solid surface countertops, modern cabinetry, and neutral design selections that support strong leasing performance and long-term tenant retention. Unit mix ranges from studio to three-bedroom residences, allowing exposure to a broad tenant base and resilience across market cycles. The detached two-bedroom home includes a basement providing substantial storage and functional flexibility, enhancing tenant usability and operational convenience. The property is fully occupied, allowing an investor to step directly into stabilized income with no lease-up exposure. Located near the Cathedral Park neighborhood, one of North Portland’s most recognizable and tenant-favored areas, known for its riverfront setting beneath the iconic St. Johns Bridge, expansive green space, community events, and strong neighborhood identity that consistently drives rental demand. The location offers approximately 1.5 miles to Cathedral Park itself, under 1 mile to Pier Park and Columbia Park, and convenient access to dining, neighborhood retail, and services along N Lombard Street within roughly 0.75 miles. A 94 Bike Score and 91 Walk Score, nearby transit options, and proximity to employment centers and outdoor amenities further support long-term tenant appeal and durable rental performance. A rare opportunity to acquire a turnkey, stabilized multifamily investment combining modern construction, diversified income, and one of North Portland’s most sought-after neighborhood settings in a single cohesive package.

MLS® Number22390670

Locker

Ensuite LaundryNo

Balcony

Furnished

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Exposure

Exterior

GarageNo

Approx. Age2022

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

May 23, 2022List Date

$1,899,000List Price

Commute

Commute

Starting Address

Destination Address

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