Additional details

Discover Northwest Realty - Land

info@unitedcountrynw.com +1(360) 843-4032

Listed by Keller Williams Realty Portland Premiere • 503-709-4632

$899,900

Est. payment - /mo

2,316 SqFt

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Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,316 sqft

Price per Sqft $388

Subdivision Rose City Park

MLS Listing ID 768726497

HOA Y/N No

Year Built 2026

Property Description

Rare opportunity to acquire a newly constructed 2 unit multifamily propety in the sought after Rose City Park neighborhood of NE Portland, delivered as a cohesive rental community with a diversified unit mix and immediate lease up potential. Designed and developed by a renowned local boutique builder known for efficient use of space, attention to detail, extensive built in features, and integrated lighting. The property includes a two home detached cottages. All homes are completed, vacant, and ready for lease up. These units are tenant focused, three bedroom residences with two and a half bathrooms throughout, efficient layouts, and strong separation between living and sleeping areas. Each bedroom includes crown molding with integrated built in lighting, while main living levels include built in features that add architectural interest and durability beyond typical rental construction. Detached cottages command a rental premium due to increased spacing and enhanced landscaping that support tenant retention. The Rose City Park location adds strong tenant appeal, with nearby access to Rose City Park, Normandale Park, Rose City Golf Course, the Hollywood District, Beaumont Village, NE Sandy dining and coffee, grocery options, transit, and I-84 connections. Residences include high performance windows and efficient heat pump heating and cooling to reduce operating costs and future capital exposure. With a projected 5.77% cap rate at stabilization, this cottage cluster outperforms typical townhome rentals through its detached cottage premium, interior detailing, private outdoor spaces, location strength, and new construction efficiency.

Location

State OR

County Multnomah

Area _142

Zoning R2.5

Rooms

Basement Crawl Space

Interior

Heating Mini Split

Cooling Heat Pump, Mini Split

Exterior

View Trees Woods

Roof Type Composition

Garage No

Building

Lot Description Level, Public Road

Story 2

Foundation Concrete Perimeter, Stem Wall

Sewer Public Sewer

Water Public Water

Level or Stories 2

Schools

Elementary Schools Rose City Park

Middle Schools Roseway Heights

High Schools Leodis Mcdaniel

Others

Acceptable Financing Cash, Conventional, FHA, VALoan

Listing Terms Cash, Conventional, FHA, VALoan

Virtual Tour https://youtu.be/nBExguRuJhg?si=62bYQqdZXZY0ILHu

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Regional Multiple Listing Service (RMLS)

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Discover Northwest Realty - Land

Broker | License ID: 90947

+1(360) 843-4032 | info@unitedcountrynw.com

6166 NE Stanton ST Portland, OR 97213

Discover Northwest Realty - Land

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

Nearby School & Business

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