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Listed price in listed location currency (USD).
$5,424,900

000

MLS® 326159155

  • Key Facts
  • Description
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Key Facts

Type Other
Levels Residential Income
Size -
Garage No
HOA Fees 
Taxes 
Days Active 28
Approx. Age 2025
MLS® Number 326159155

Property Address: 5855 Ne Prescott St, Portland, OR, 97218-2231

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

Description

Investor Opportunity – Newly Built 17-Unit Portland Multifamily Portfolio! An exceptional opportunity to acquire a newly constructed 17-unit multifamily portfolio across three high-performing Portland neighborhoods: Cully, Kenton, and St. Johns. Built between 2023 and 2025, each building showcases modern design with high-end finishes, open layouts, and oversized windows that fill the interiors with natural light. The combination of thoughtful design and new construction ensures lasting tenant appeal and minimal ongoing maintenance. Every unit is individually metered, providing simplified management and reduced operating costs. With the majority of units currently leased and income-producing, investors benefit from immediate cash flow and potential for continued rent growth and appreciation across some of Portland’s most stable rental markets. In Cully, residents enjoy easy access to Tamale Boy, Baerlic Brewing, Coffee Beer, and outdoor spaces such as Khunamokwst Park and the Beaumont Village corridor. Kenton offers a close-knit community anchored by Kenton Park and the Denver Avenue retail district, where tenants frequent Po’Shines Café De La Soul, Mayfly Taproom, and Prince Coffee. St. Johns attracts long-term renters with its riverfront charm and vibrant main street featuring Cathedral Park, StormBreaker Brewing, Great North Coffee, and St. Johns Theater & Pub. This portfolio delivers turnkey performance and operational efficiency; the recent construction offers strong tax depreciation benefits and reduced capital expenditure needs. With stable tenancy, desirable locations, and contemporary design, investors gain both dependable returns and long-term upside potential. Whether held as a complete portfolio or considered individually for strategic flexibility, these assets provide scale, stability, and enduring value in three of Portland’s most in-demand rental neighborhoods.
MLS® Number326159155
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age2025
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

Similar Listings

Price History

-End Date
Not Sold YetSold Price

For Sale

Nov 7, 2025List Date
$5,424,900List Price
  • Commute

Commute

Starting Address
Destination Address
5855 Ne Prescott St, Portland, OR

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