11 NE 55TH AVE Portland, OR $ 3,349,900
11 NE 55TH AVE
$ 3,349,900
New Construction
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11 NE 55TH AVE

Portland, OR, 97213
$ 3,349,900
Bedrooms7 Baths8.0 Sq 9,647

Monthly Estimate*

$ 20,899

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Multi-Family Home for sale in Portland, OR

for $3,349,900 with 7 bedrooms and 8 full baths. This 9,647 square foot home was built in 2025 on a lot size of 0.12.

Exceptional investment opportunity in Portland’s coveted North Tabor neighborhood. This newly constructed 16-unit apartment building, completed by a respected local builder, offers modern design, long-term durability, and broad rental appeal. With a proven rental history and low-maintenance construction, this turnkey property is ideal for both seasoned investors and those looking to expand their portfolio. The building features a desirable mix of thoughtfully designed units, allowing for flexible leasing and strong occupancy rates. Stylish, contemporary finishes throughout the interiors and a clean, modern exterior enhance tenant satisfaction and curb appeal. Secure entry and well-maintained common areas contribute to tenant comfort and building integrity. Set in the heart of North Tabor—a neighborhood prized for its close-in convenience, tree-lined streets, and easy access to transit, parks, and vibrant local businesses—this location places tenants near the MAX light rail, Providence Portland Medical Center, and popular spots like Tabor Bread, Coquine, and the Montavilla dining and shopping scene. With a strong Walk Score and bike-friendly streets, this area is ideal for tenants seeking a connected, car-free lifestyle. Enjoy the stability of a high-demand rental location, paired with the ease of a well-executed new build. Don’t miss this rare chance to own a premium multifamily asset in one of Portland’s most sought-after close-in Eastside neighborhoods.

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Multi-Family Active

Price

$ 3,349,900

Bedrooms

7

Full Bath

8

Property Type

Multi-Family

Taxes

$ 4,359

Style

Lot Size

0.12

Year Built

2025

Town/City

Portland

County/Region

Multnomah

MLS | Web ID

619792928

Features
General
Sewer PublicSewer
Heating WallHeater
Zoning CM2
Security Features Entry
Year Built 2025
Stories Count 3
Tax Year 2024
Parcel Number R216522
Gross Income 256005.0
County Multnomah
Net Operating Income 173288.0
Operating Expense 82717.0
Property Type MultiFamily
HOA N
Subdivision Name NORTH TABOR
Rent Includes None
Status Active
Directions 55th just north of Burnside in North Tabor proper.
High School Franklin
City Portland
Number Of Units Total 16
MLS Area _142
Lot Size Square Feet 5227.0
Listing Terms Cash Conventional
Elementary School Glencoe
Tax Annual Amount 4359.25
Middle/Junior High School Mt Tabor
Property Condition NewConstruction
Virtual Tour https://youtu.be/QpknUwX380E
Standard Status Active
Accessory Dwelling Unit Y/N N
Legal Description MELROSE S 50' OF E 107' OF LOT 13 EXC PT IN ST
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Exterior
Lot Features Level
Water Source PublicWater
Exterior Description CementSiding
Building Area Total 9647.0
Lot Size Acres 0.12
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Interior
Hot Water Electricity
Unit 1 Baths Total 1
Unit 1 Beds Total 0
Unit 2 Baths Total 1
Unit 2 Beds Total 1
Unit 3 Baths Total 1
Unit 3 Beds Total 1
Unit 4 Baths Total 1
Unit 4 Beds Total 1
Unit 5 Beds Total 1
Unit 6 Beds Total 1
Unit 7 Beds Total 1
Unit 8 Beds Total 1
Unit Type UnitTypeType1 UnitTypeType2 UnitTypeType3 UnitTypeType4 UnitTypeType5 UnitTypeType6 UnitTypeType7 UnitTypeType8
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Internal Only
Street Number 1 11
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* Excluded Features
List By
Keller Williams Realty Portland Premiere

Broker

503-709-4632

Contact

Affordability Calculator

$21,262
Per Month
98%
2%
0%
Monthly Principal & Interest
$20,899
Monthly Property Taxes
$363
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1951009 Elementary School
1948940 Middle School
Franklin High School High School
Pricing History
DatePricePrice ChangeDescription
8/6/2025$3,179,900 Listed Price

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11 NE 55TH AVE, Portland, OR, 97213 is a Multi-Family Home for sale at $3,349,900 with 9,647 sqft and a lot size of 0.12. 11 NE 55TH AVE has 7 bedrooms, 8.0 baths, and was built in 2025. The property's zip code is 97213 which is in Portland, OR