New ConstructionOpen House 10/24 1pm - 3pm
7574 SW 31st AVE
Portland, OR, 97219 $ 2,994,300
Bedrooms12 Baths18.0 Sq 6,760 Monthly Estimate*
$ 20,681
for $2,994,300 with 12 bedrooms and 18 full baths. This 6,760 square foot home was built in 2026 on a lot size of 0.14.
Positioned just outside the heart of Multnomah Village, this newly built 7 unit investment opportunity pairs efficient modern construction with one of Southwest Portland’s most established neighborhood settings. The property is configured as a fourplex and triplex and offers seven 2 bedroom, 2½ bathroom residences totaling approximately 6,760 square feet. Each home features a thoughtfully designed two story floor plan with an open main level connecting the kitchen, dining area, and living room, plus a private patio that extends usable living space outdoors. Upstairs, each residence includes two bedrooms, two full bathrooms, and conveniently located laundry, while energy efficient mini splits provide year round heating and cooling. The consistent unit mix supports straightforward management, while the mix of end and interior units creates natural differentiation across the property. An exceptional 83 Walk Score strengthens long term tenant appeal, with Multnomah Arts Center, Village Coffee, Fat City Cafe, Annie Bloom’s Books, Grand Central Bakery, and the broader collection of shops, dining, services, and neighborhood amenities of Multnomah Village all nearby. The location also provides convenient access to major Southwest Portland transportation corridors and employment centers while retaining the walkability and neighborhood character that continue to attract residents to this area. New construction gives investors the benefit of modern systems, efficient layouts, and reduced near term capital expenditure compared with older multifamily inventory. Every detail reflects the vision of a multi-year Street of Dreams builder, blending elevated design with everyday livability and backing every home with an exceptional warranty. This is how your investment was meant to be.
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Open House
10/24/2026 1:00 PM - 3:00 PM
7574 SW 31st AVE Portland, OR
* Some states or local ordinances may prohibit Open Houses at this time, please confirm with your Weichert agent or local rep to confirm
FeaturesGeneralSewer PublicSewer
Heating HeatPump MiniSplit
Cooling HeatPump MiniSplit
Roof Composition
Zoning CM1
Security Features Sidewalk
Year Built 2026
Stories Count 2
Parcel Number New Construction
Gross Income 202059.0
County Multnomah
Net Operating Income 149348.0
Operating Expense 52711.0
Property Type MultiFamily
HOA N
Subdivision Name MULTNOMAH VILLAGE
Rent Includes None
Status Active
Directions SW Multnomah Blvd to SW Capitol Hwy north on Capitol Hwy to property near SW 31st Ave.
High School Ida B Wells
City Portland
Disclosures Exempt
Number Of Units Total 7
MLS Area _148
Lot Size Square Feet 6098.0
Listing Terms Cash Conventional
Elementary School Maplewood
Tax Annual Amount 0
Middle/Junior High School Jackson
Property Condition NewConstruction
Virtual Tour https://www.youtube.com/watch?v=9q6N1rDpy2I
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 2
Unit 2 Baths Total 3
Unit 2 Beds Total 2
Unit 3 Baths Total 3
Unit 3 Beds Total 2
Unit 4 Baths Total 3
Unit 4 Beds Total 2
Unit 5 Beds Total 2
Unit 6 Beds Total 2
Unit Type UnitTypeType1 UnitTypeType2 UnitTypeType3 UnitTypeType4 UnitTypeType5 UnitTypeType6
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ExteriorParking Features None
Lot Features Level PublicRoad
Water Source PublicWater
Total Parking 0
Exterior Description CementSiding LapSiding
Foundation Details ConcretePerimeter StemWall
Building Area Total 6760.0
Lot Size Acres 0.14
Road Surface Type Paved
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* Excluded FeaturesList ByKeller Williams Realty Portland PremiereBroker
Affordability Calculator
- Monthly Principal & Interest
- $20,681
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.375% 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.
Learn more about how to save NearbyMulti-family listings in Portland, OR
Average List Price $1,528,769
Percent of Sale Price 49%
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.
3254086 Elementary School
3254087 Middle School
Ida B Wells High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 10/14/2026 | $2,994,300 | -3.23% | Price Down |
| 10/5/2026 | $3,094,300 | -2.83% | Price Down |
| 9/4/2026 | $3,184,300 | | Listed Price |