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About the Listing KWPP01 - BODLEDAR,CHRISTKV
Rare opportunity to acquire a newly constructed 16-unit multifamily development in NE Portland, delivered as a cohesive, high-quality rental community with a diversified unit mix and phased completion. The portfolio includes two attached fourplex buildings totaling eight townhouse-style residences and an eight-home detached cottage cluster, offering a rare blend of density, privacy, and long-term durability. The unit mix is renter-driven, featuring two and 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 feature built-in elements that add architectural interest and durability beyond typical rental construction. Detached cottages command a rental premium due to increased spacing between homes and enhanced landscaping, while attached townhomes offer private entries, fenced outdoor spaces, and end-unit configurations that support tenant retention. One fourplex on NE Stanton is fully completed, vacant, and move-in ready, providing immediate lease-up or income potential, while the remaining fourplex and cottage homes are under construction, allowing a buyer to step into a partially stabilized asset with a clear path to full completion. All residences are built with modern, energy-efficient systems including high-performance windows, efficient heat pump heating and cooling, energy-efficient water heating, and whole-house ERV ventilation to reduce operating costs and future capital exposure. Street parking only aligns with neighborhood norms while lowering maintenance obligations. This portfolio outperforms typical townhome rentals through its detached cottage premium, superior interior detailing, private outdoor spaces, and new construction efficiency, supporting stronger rents and long-term asset resilience.
Listing Highlights
Status
Active
Days on Site
20
Property Type
Multi-Family
MLS ®
732050211
Year Built
2026
Total Square Footage
22,556
Lot/Acreage
0.58
County
Multnomah
Neighborhood
Rose City Park
Elementary School
Rose City Park
Middle School
Roseway Heights
High School
Leodis McDaniel
Interior Details
- Bedrooms: 44
- Bathrooms: 48 Full
- Appliances:
- Air Cond: Heat Pump,MiniSplit
- Heating: Mini Split
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Crawl Space
- Other:
- Water: Public Water
Exterior Details
- Lot Description: Level
- Garage Capacity: N/A
- Parking Spaces: 0
- Lot Dimensions: Reference Pmaps
- Zoning: R2.5
- Roof: Composition
- Others: Under Construction
- Sewer: Public Sewer
- Parking Features: On Street
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: New Construction
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Years
% Down Payment
% Mortgage Rate
Questions About..
2833 NE 62nd Ave Portland, OR 97213
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