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Listed by Keller Williams Realty Portland Premiere • 503-709-4632
$5,424,900
Est. payment /mo
13,521 SqFt
New
5855 NE Prescott ST Portland, OR 97218
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Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 13,521 sqft
Price per Sqft $401
Subdivision Cully
MLS Listing ID 326159155
Year Built 2025
Tax Year 2025
Property 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.
Location
State OR
County Multnomah
Area _142
Zoning CM2
Rooms
Basement Crawl Space
Interior
Heating Mini Split
Cooling Mini Split
Exterior
Roof Type Composition
Garage No
Building
Story 2
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public Water
Level or Stories 2
Schools
Elementary Schools Rigler
Middle Schools Beaumont
High Schools Leodis Mcdaniel
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Virtual Tour https://www.youtube.com/watch?v=DcO0oz16y3k
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