5587 NE 7th AVE Portland, OR $ 3,280,000
5587 NE 7th AVE
$ 3,280,000
Recently Listed New Construction
Share Save

5587 NE 7th AVE

Portland, OR, 97211
$ 3,280,000
Bedrooms2 Baths3.0

Monthly Estimate*

$ 20,196

5587 NE 7th AVE, Portland, OR 97211 - Image 1
5587 NE 7th AVE, Portland, OR 97211 - Image 2
5587 NE 7th AVE, Portland, OR 97211 - Image 3
5587 NE 7th AVE, Portland, OR 97211 - Image 4
5587 NE 7th AVE, Portland, OR 97211 - Image 5
5587 NE 7th AVE, Portland, OR 97211 - Image 6
5587 NE 7th AVE, Portland, OR 97211 - Image 7
5587 NE 7th AVE, Portland, OR 97211 - Image 8
5587 NE 7th AVE, Portland, OR 97211 - Image 9
5587 NE 7th AVE, Portland, OR 97211 - Image 10
5587 NE 7th AVE, Portland, OR 97211 - Image 11
5587 NE 7th AVE, Portland, OR 97211 - Image 12
5587 NE 7th AVE, Portland, OR 97211 - Image 13
5587 NE 7th AVE, Portland, OR 97211 - Image 14
5587 NE 7th AVE, Portland, OR 97211 - Image 15
5587 NE 7th AVE, Portland, OR 97211 - Image 16
5587 NE 7th AVE, Portland, OR 97211 - Image 17
5587 NE 7th AVE, Portland, OR 97211 - Image 18
5587 NE 7th AVE, Portland, OR 97211 - Image 19
5587 NE 7th AVE, Portland, OR 97211 - Image 20
5587 NE 7th AVE, Portland, OR 97211 - Image 21
5587 NE 7th AVE, Portland, OR 97211 - Image 22
5587 NE 7th AVE, Portland, OR 97211 - Image 23
5587 NE 7th AVE, Portland, OR 97211 - Image 24
5587 NE 7th AVE, Portland, OR 97211 - Image 25
5587 NE 7th AVE, Portland, OR 97211 - Image 26
5587 NE 7th AVE, Portland, OR 97211 - Image 27
5587 NE 7th AVE, Portland, OR 97211 - Image 28

Multi-Family Home for sale in Portland, OR

for $3,280,000 with 2 bedrooms and 3 full baths. This home was built in 2026 on a lot size of 0.1.

A new-construction investment opportunity in one of Northeast Portland's most desirable rental corridors, this 2026-built eight-plex sits just blocks from Alberta Park, Woodlawn City Park, and Ainsworth — an A+ location that consistently draws strong tenant demand. All eight units are three-level townhomes with two bedrooms and two and a half bathrooms. Interiors are finished to a high standard throughout. Kitchens feature premium appliances, tasteful tile work, and modern cabinetry, while bathrooms carry through with clean, well-considered design. LVP flooring runs throughout the living spaces, and tall ceilings paired with generous windows make each unit feel open, light-filled, and private. The result is a turnkey product that should command strong market rents and minimize early-years maintenance and capital expense. The corner-lot positioning is a meaningful advantage, allowing each unit to have its own private deck or yard space — a feature that supports tenant retention and helps the property stand out among nearby rentals. For investors looking to add a low-maintenance, new-construction asset to a Portland rental portfolio, this eight-plex offers a strong combination of location, quality, and design. Call to arrange a private tour or request additional financials.

See more

Multi-Family Active

Price

$ 3,280,000

Bedrooms

2

Full Bath

3

Property Type

Multi-Family

Taxes

$ 1,742

Style

Lot Size

0.1

Year Built

2026

Town/City

Portland

County/Region

Multnomah

MLS | Web ID

745845628

Features
General
Sewer PublicSewer
Heating MiniSplit WallHeater
Cooling MiniSplit
Roof Shingle
Zoning CM2
Year Built 2026
Stories Count 3
Tax Year 2025
Parcel Number R136595
Gross Income 230006.0
County Multnomah
Net Operating Income 182950.0
Operating Expense 47056.0
Property Type MultiFamily
HOA N
Rent Includes None
Status Active
Directions NE Church St and NE 7th Ave
High School Jefferson
City Portland
Number Of Units Total 8
MLS Area _142
Lot Size Square Feet 4356.0
Listing Terms CallListingAgent Cash Conventional
Elementary School MartinL King Jr
Tax Annual Amount 1742.26
Middle/Junior High School Harriet Tubman
Property Condition NewConstruction
High School 2 Grant
Standard Status Active
Accessory Dwelling Unit Y/N N
Legal Description CLOVERDALE TR BLOCK 1 LOT 15 EXC PT IN STS
See more
Interior
Basement CrawlSpace
Hot Water Electricity
Unit 1 Baths Total 3
Unit 1 Beds Total 2
Unit Type UnitTypeType1
See more
Exterior
Parking Features OnStreet
Lot Features CornerLot Level
Water Source PublicWater
Exterior Description CementSiding
Foundation Details ConcretePerimeter
Lot Dimensions 47.82X100
Lot Size Acres 0.1
Road Surface Type Paved
See more
Internal Only
Street Number 1 5587
See more
* Excluded Features
List By
Keller Williams Realty Portland Premiere

Broker

503-704-0919

Contact

Affordability Calculator

$20,341
Per Month
99%
1%
0%
Monthly Principal & Interest
$20,196
Monthly Property Taxes
$145
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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

Discover how much house you can afford

Your dream home may be within reach.

Learn More about how to save

The time to sell is now
THE TIME TO SELL IS NOW! What's my home worth?
Nearby
2580952 Elementary School
2406671 Middle School
Jefferson High School High School
Pricing History
DatePricePrice ChangeDescription
6/8/2026$3,280,000 Listed Price

Map


See all

5587 NE 7th AVE, Portland, OR, 97211 is a Multi-Family Home for sale at $3,280,000 with a lot size of 0.1. 5587 NE 7th AVE has 2 bedrooms, 3.0 baths, and was built in 2026. The property's zip code is 97211 which is in Portland, OR