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About the Listing KWPP01 - BODLEDAR,CHRISTKV
Investor Opportunity – Newly Built 17-Unit Portland Multifamily Portfolio! An exceptional opportunity to acquire a newly constructed 17-unit multifamily portfolio across three high-performing Portland neighborhoods: Cully, Kenton, and St. Johns. Built between 2023 and 2025, each building showcases modern design with high-end finishes, open layouts, and oversized windows that fill the interiors with natural light. The combination of thoughtful design and new construction ensures lasting tenant appeal and minimal ongoing maintenance. Every unit is individually metered, providing simplified management and reduced operating costs. With the majority of units currently leased and income-producing, investors benefit from immediate cash flow and potential for continued rent growth and appreciation across some of Portland’s most stable rental markets. In Cully, residents enjoy easy access to Tamale Boy, Baerlic Brewing, Coffee Beer, and outdoor spaces such as Khunamokwst Park and the Beaumont Village corridor. Kenton offers a close-knit community anchored by Kenton Park and the Denver Avenue retail district, where tenants frequent Po’Shines Café De La Soul, Mayfly Taproom, and Prince Coffee. St. Johns attracts long-term renters with its riverfront charm and vibrant main street featuring Cathedral Park, StormBreaker Brewing, Great North Coffee, and St. Johns Theater & Pub. This portfolio delivers turnkey performance and operational efficiency; the recent construction offers strong tax depreciation benefits and reduced capital expenditure needs. With stable tenancy, desirable locations, and contemporary design, investors gain both dependable returns and long-term upside potential. Whether held as a complete portfolio or considered individually for strategic flexibility, these assets provide scale, stability, and enduring value in three of Portland’s most in-demand rental neighborhoods.
Listing Highlights
Status
Active
Days on Site
22
Property Type
Multi-Family
MLS ®
326159155
Year Built
2025
Total Square Footage
13,521
Lot/Acreage
N/A
County
Multnomah
Neighborhood
Cully
Elementary School
Rigler
Middle School
Beaumont
High School
Leodis McDaniel
Interior Details
- Bedrooms: 34
- Bathrooms: 46 Full
- Appliances:
- Air Cond: 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
- Garage Capacity: N/A
- Parking Spaces: 0
- Zoning: CM2
- Roof: Composition
- Others: New 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..
5855 NE Prescott St Portland, OR 97218
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