Property Description

Located in Portland's desirable Rose City Park neighborhood, this newly constructed 3 unit attached offering presents a rare opportunity to acquire modern multifamily housing in a highly rentable close in NE location. The offering includes one 3 bedroom, 2.5 bathroom end unit at ~1,177 sqft and two 2 bedroom, 2.5 bathroom interior units at ~912 sqft each, totaling ~3,001 sqft. Units are vacant, complete, and ready for lease up, with a projected pro forma cap rate of 5.13% at stabilization. The location offers strong tenant appeal with walkable neighborhood amenities, bike access, and convenient proximity to NE Sandy Blvd, where residents can enjoy nearby caf?s, restaurants, shops, services, and daily essentials. Each residence features a townhouse style layout with private outdoor space, mini split systems for efficient year round heating and cooling, open great room living, and upstairs laundry conveniently positioned near the bedrooms. Bedrooms in the interior units feature vaulted ceilings, while the end unit offers high ceilings throughout the home, enhancing the sense of space and natural light across the offering. The end unit also benefits from a larger private yard, creating additional unit differentiation and supporting strong rental demand. Designed and developed by a renowned local builder known for their efficient use of space, distinct accent walls with built-ins, and integrated lighting features. This offering is well positioned for investors seeking newer construction, functional layouts, and durable rental demand in one of Portland's most established and amenity rich inner NE neighborhoods.