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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.

Agent Description

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

3 stories
3 full
2026

Amenities

A/C

Monthly Cost Estimate

$17,542/mo

20% down · 6.5% · 30 years

Principal$2,372
Interest$14,213
Insurance$957

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.

LS

Lake Shovoly

Agent at Keller Williams Realty Portland Premiere

(503) 704-0919

Listed by Keller Williams Realty Portland Premiere · View on Broker Site

MLS# 745845628· Source: listhub· Updated 1 days ago

Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

5587 NE 7th Ave, Portland, OR 97211

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