# 5587 NE 7th Ave, Portland, OR 97211

> **TL;DR:** 2bd/3ba residential multi family, $3,280,000, built 2026.
> A/C. Est. $14,213/mo. Listed 1 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $3,280,000 |
| Bedrooms | 2 |
| Bathrooms | 3 full |
| Year Built | 2026 |
| Lot Size | 4,356 sqft (0.10 acres) |
| Stories | 3 |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 1 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $14,213 |
| **Total** | **$14,213** |

## Nearby Schools

- **Elementary:** MartinL King Jr
- **Middle:** Harriet Tubman
- **High:** Jefferson

## Key Amenities

- A/C

## Property Highlights

- Built in 2026
- 0.10 acre lot
- 3 stories

## Description

### 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.

## Location

- **Address:** 5587 NE 7th Ave, Portland, OR 97211
- **County:** Multnomah
- **Coordinates:** 45.563939, -122.65882
- **Google Maps:** https://www.google.com/maps?q=45.563939,-122.65882

## Listing Agent

- **Name:** Lake Shovoly
- **Brokerage:** Keller Williams Realty Portland Premiere
- **Phone:** 5037040919
- **Email:** lakeshovoly@gmail.com

## Primary Photo

![5587 NE 7th Ave - Primary Photo](http://lh.rdcpix.com/ff68ef812624b77331ea81620e00b862l-f545737303r.jpg)

*28 total photos available on [listing page](https://www.propertysimple.com/listing/5587-ne-7th-ave-portland-or-97211-45845628)*

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**MLS#:** 745845628 | **Updated:** 2026-06-18
**Source:** listhub

*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.*

[View on PropertySimple](https://www.propertysimple.com/listing/5587-ne-7th-ave-portland-or-97211-45845628)

---

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