5587 Ne 7th Ave, Portland, OR 97211

Property Description

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.

Listing Status:

Active

Date Added:

June 8, 2026

Data Last Updated:

August 6, 2026 at 3:43AM

Listing Office:

Keller Williams Realty Portland Premiere : 503-597-2444

Listing Agent:

Lake Shovoly : 503-704-0919

MLS ID:

745845628

Interior

• Basement: Crawl space
• A/C: Mini split
• Heating: Mini splitWall heater

Exterior

• General: Cement siding
• Parking: On street

Construction

• Roofing: Shingle
• General: Concrete perimeter

Location

• Road/Access: Paved
• Originating MLS: Regional Multiple Listing ServiceInc.
• County: Multnomah

Lot

• Zoning: CM2CLOVERDALE TRBLOCK 1LOT 15 EXC PT IN STSR136595

Utilities

• Water: Public water
• Sewer: Public sewer

Financial

• Source: Regional Multiple Listing ServiceInc.