Curious about this home?
Ask anything — no agents, no pressure
Try asking
About This Home
This 2-bedroom, 3-bathroom residential multi family at 5587 NE 7th Ave in Portland, OR is listed for $3,280,000. Built in 2026, on a 0.10 acres lot.
A new-construction investment opportunity in one of Northeast Portland's most desirable rental corridors, this 2026-built eight-plex sits just blocks from Alberta Park, Woodlawn City Park, and Ainsworth - an A+ location that consistently draws strong tenant demand.
All eight units are three-level townhomes with two bedrooms and two and a half bathrooms. Interiors are finished to a high standard throughout. Kitchens feature premium appliances, tasteful tile work, and modern cabinetry, while bathrooms carry through with clean, well-considered design.
LVP flooring runs throughout the living spaces, and tall ceilings paired with generous windows make each unit feel open, light-filled, and private. The result is a turnkey product that should command strong market rents and minimize early-years maintenance and capital expense.
The corner-lot positioning is a meaningful advantage, allowing each unit to have its own private deck or yard space - a feature that supports tenant retention and helps the property stand out among nearby rentals. For investors looking to add a low-maintenance, new-construction asset to a Portland rental portfolio, this eight-plex offers a strong combination of location, quality, and design. Call to arrange a private tour or request additional financials.
Key Features
- Built in 2026
- 0.10 acre lot
- 3 stories
Property Details
Amenities
Monthly Cost Estimate
$17,542/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
5587 NE 7th Ave
Portland, OR 97211
Questions & Answers
This 2-bedroom, 3-bathroom residential multi family at 5587 NE 7th Ave is listed at $3,280,000. The estimated monthly payment is $14,213 based on 20% down at 6.5% interest.
Key features include: Built in 2026, 0.10 acre lot, 3 stories.
This property is listed by Lake Shovoly and can be reached at 5037040919 or lakeshovoly@gmail.com.




