Search
Energy-Efficient Apartment Buildings
For Sale
$2,119,500

2381 2389 SE 45TH Ave, Portland, OR 97215

MultiFamily, Portland, OR

Property SizeContact for details
Days on Market55

Property Features for 2381 2389 SE 45TH Ave

General Information

Property type Residential Multi Family
Property subtype Other
Property condition Under Construction
Zoning RM2
Bedrooms 10
Bathrooms 10
Full bathrooms 10
Rooms Bedroom 3, Bedroom 7, Bedroom 10, Bathroom 2, Bathroom 6, Bedroom 9, Bedroom 5, Bedroom 2, Bedroom 4, Bathroom 7, Bathroom 10, Bathroom 4, Bathroom 3, Bedroom 6, Bedroom 8, Bathroom 8, Bathroom 9, Bathroom 1, Bedroom 1, Bathroom 5
Elementary school Glencoe
Middle school Mt Tabor
High school Franklin
Directions SE Division St to SE 45th Ave
Subdivision _143
Standard status Active
APN New Construction

Taxes and HOA fees

Tax Description 1S2E06CC 14200
Legal Description 1S2E06CC 14200

Utilities

Heating system Heat Pump (Heating)
Cooling system Heat Pump

Amenities

covered patio
attic storage

Building Details

Year built 2026
Floors in Building 2
Number of units 5
Roof type Composition
Listing Agency: Matin Real Estate
Listed By: Vince Kinney · License #201241118
Added: Jul 16 Changed: Sep 5 Last Checked: Sep 8 at 8:06AM
MLS# 570403079

Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This under-construction apartment property comprises 5 two-story townhomes, each with 2 bedrooms and 2 bathrooms. Open-concept living, dining, and kitchen areas occupy the main level, where luxury vinyl plank flooring, wood cabinetry, and sliding doors to a covered patio provide a practical residential layout. Both bedrooms are upstairs, with carpeting and a private ensuite bathroom serving the primary suite. Each home also includes attic storage.

The all-electric improvements incorporate ductless heat pumps for heating and cooling, ENERGY STAR appliances and bath fans, a heat pump water heater, and an Energy Recovery Ventilation system. The homes are solar-ready and carry Energy Trust of Oregon EPS and ENERGY STAR certifications. The property is planned for approximately 27-30% greater energy efficiency than homes built to current Oregon code and is located at 2381 2389 SE 45TH Ave in Portland, Oregon. RM2 zoning applies.

Key Highlights

  • 5 two‑story townhomes, each with 2 bedrooms and 2 bathrooms
  • Energy Trust of Oregon EPS Certified and ENERGY STAR certified
  • Approximately 27‑30% more energy efficient than homes built to current Oregon code

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Parking Lot & Garage (Bike/Boat/Book/etc) Store HVAC Service Grocery & Convenience Store Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

5
Residential units

Location Intelligence

Trade Area within ½ mile

1,792
Businesses Nearby

Demographics for 97215, OR

18,221
Population
7,855
Households
2.3
Avg Household Size
40
Median Age
64%
College-Educated
97%
High-School Grad
2.3 sq mi
ZIP Area
7,922
Density / Sq Mi
$114,361
Median Household Income
$62,704
Median Earnings
$1,587
Median Rent
$658,500
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Apartment building - New-construction townhome apartments feature private patios, dedicated storage, and all-electric systems within a low-maintenance community.
Where is this apartment building located?
The property is located at 2381 2389 SE 45TH Ave Portland, OR.
What is the asking price?
The asking price for this property is $2,119,500.
What are key features of this property?
This property features: 5 two‑story townhomes, each with 2 bedrooms and 2 bathrooms; Energy Trust of Oregon EPS Certified and ENERGY STAR certified; Approximately 27‑30% more energy efficient than homes built to current Oregon code
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message