Contact Information: 503-704-0919
Contact Information: 503-704-09195587 NE 7th AVEPortland, OR 97211
Multi-Family · 0.10 Acres5587 NE 7th AVE Overview
- Time on Site:
- 21 days
- Visits:
- 0
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.
5587 NE 7th AVE Facts & Features
- Type Multi-Family
- Lot 0.10 Acres
Details
General
School Information
- Elementary School: MartinL King Jr
- Middle Or Junior School: Harriet Tubman
- High School: Jefferson
Income/Expenses
- Gross Income: 230006.0
- Net Operating Income: 182950.0
- Operating Expense: 47056.0
Building Information
- Year Built: 2026
Location/Region
- Country: US
- County Or Parish: Multnomah
- MLS Area Major: 142 - Portland Northeast
Rent/Lease Information
- Rent Includes: None
Tax Information
- Tax Annual Amount: 1742.26
- Tax Year: 2025
General Information
- Listing Terms: Call Listing Agent,Cash,Conventional
- Parcel Number: R136595
- Property Condition: New Construction
- Property Type: Multi Family
- Zoning: CM2
Interior
General Information
- Basement: Crawl Space
- Cooling: Mini Split
- Foundation Details: Concrete Perimeter
- Heating: Mini Split,Wall Heater
- Stories: 3
Exterior
Parking Information
- Parking Features: On Street
Lot Information
- Lot Features: Corner Lot,Level
- Lot Size Acres: 0.1
- Lot Size Dimensions: 47.82X100
- Lot Size Square Feet: 4356.0
- Road Surface Type: Paved
- Water Source: Public Water
Building Exterior/Construction
- Roof: Shingle
General Information
- Number Of Units Total: 8
- Sewer: Public Sewer
5587 NE 7th AVE Neighborhood
Community
97211 (PORTLAND) Demographics
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.5587 NE 7th AVE Monthly Cost
5587 NE 7th AVE Market Data
Based on the last 30 days in this zip code
5587 NE 7th AVE History
| Date | Value | Agent |
|---|---|---|
| 6/8/2026Source: Regional MLS | June 08, 2026 |
