2938 NE 62nd AVE
Portland, OR, 97213 $ 1,609,900
Bedrooms5 Baths6.0 Sq 4,178 Monthly Estimate*
$ 10,165
for $1,609,900 with 5 bedrooms and 6 full baths. This 4,178 square foot home was built in 2026 on a lot size of 0.11.
Located in Portland’s desirable Rose City Park neighborhood, this newly completed four unit multifamily offering delivers a compelling combination of new construction, versatile floor plans, and strong long term rental appeal in close in Northeast Portland. The building totals 4,178 square feet and features a balanced mix of two 3 bedroom, 2.1 bathroom end units at 1,177 square feet each and two 2 bedroom, 2.1 bathroom interior units at 912 square feet each, for a total of 10 bedrooms, 8 full bathrooms, and 4 half bathrooms. Designed and developed by a local boutique builder known for refined interior detailing, signature illuminated crown molding, architectural built ins, and stylish accent walls, each residence pairs polished finishes with a practical layout built for everyday living. High ceilings and open great room style main levels create an inviting sense of space, while central kitchen islands with eat bars provide a natural gathering point for dining and entertaining. Upstairs laundry keeps daily routines convenient, and vaulted bedroom ceilings in the interior units add volume and natural light. Each residence includes its own private outdoor space, with the two end units benefiting from substantially larger fenced yards that offer additional room for pets, outdoor dining, gardening, or entertaining and help distinguish these homes within the rental market. Energy efficient mini splits provide year round heating and cooling. Rose City Park offers residents convenient access to Rose City Golf Course, the Hollywood District, NE Sandy Blvd, neighborhood cafes and restaurants, grocery options, parks, bike routes, and transit. From weekend recreation and nearby dining to everyday errands and an easy commute, the location supports the lifestyle and convenience that can help drive long term tenant demand.
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FeaturesGeneralSewer PublicSewer
Heating HeatPump MiniSplit WallHeater
Cooling HeatPump MiniSplit
Roof Composition
Zoning R2.5
Security Features Sidewalk
Year Built 2026
Stories Count 2
Tax Year 2026
Parcel Number New Construction
Gross Income 123471.0
County Multnomah
Net Operating Income 93227.0
Operating Expense 30245.0
Property Type MultiFamily
HOA N
Subdivision Name ROSE CITY PARK
Rent Includes None
Status Active
Directions NE Stanton To NE Sandy
High School Leodis McDaniel
City Portland
Disclosures Exempt
Number Of Units Total 4
MLS Area _142
Lot Size Square Feet 4791.0
Listing Terms Cash Conventional FHA VALoan
Elementary School Rose City Park
Tax Annual Amount 0
Middle/Junior High School Roseway Heights
Property Condition NewConstruction
Virtual Tour https://www.youtube.com/watch?v=EF1cKBJXoJY
Standard Status Active
Accessory Dwelling Unit Y/N N
Legal Description TBD
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InteriorBasement CrawlSpace
Storage None
Hot Water Electricity Tank
Unit 1 Baths Total 3
Unit 1 Beds Total 3
Unit 2 Baths Total 3
Unit 2 Beds Total 2
Unit Type UnitTypeType1 UnitTypeType2
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ExteriorParking Features OnStreet
Lot Features Level PublicRoad
Water Source PublicWater
Total Parking 0
Exterior Description BoardBattenSiding CementSiding LapSiding
Foundation Details ConcretePerimeter StemWall
Building Area Total 4178.0
Lot Dimensions 50'x100'
Lot Size Acres 0.11
Road Surface Type Paved
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* Excluded FeaturesList ByKeller Williams Realty Portland PremiereBroker
Affordability Calculator
- Monthly Principal & Interest
- $10,165
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% 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.
Learn more about how to save NearbyMulti-family listings in Portland, OR
Average List Price $1,604,010
Percent of Sale Price 0%
About Portland, OR 646,380 Population
22% Since 2002
$ 62,517 Median Income
39 Median Age
22% Households with Children
Trends Information provided by ATTOM Data Solutions.
3269613 Elementary School
3269618 Middle School
Leodis McDaniel High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 8/26/2026 | $1,609,900 | -44.29% | Price Down |
| 5/19/2026 | $2,889,900 | -13.47% | Price Down |
| 2/26/2026 | $3,339,900 | | Listed Price |