Eight-Plex Corner-Lot Apartment
For Sale
$3,280,000
5587 NE 7th Ave, Portland, OR 97211
MULTI_FAMILY - Portland, OR
Lot Size0.10 Acres
Days on Market57
Property Features for 5587 NE 7th Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Property condition
Under Construction
Zoning
CM2
Bedrooms
2
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 1, Bedroom 2, Bathroom 1, Bathroom 3, Bathroom 2
Elementary school
MartinL King Jr
Middle school
Harriet Tubman
High school
Jefferson
Directions
NE Church St and NE 7th Ave
Subdivision
_142
Standard status
Active
APN
R136595
Lot size
0.10 Acres
Taxes and HOA fees
Tax Description
CLOVERDALE TR, BLOCK 1, LOT 15 EXC PT IN STS
Tax Annual Amount
1742
Legal Description
CLOVERDALE TR, BLOCK 1, LOT 15 EXC PT IN STS
Amenities
private deck or yard space
Building Details
Year built
2026
Floors in Building
3
Number of units
8
Roof type
Shingle
Listing Agency:
Keller Williams Realty Portland Premiere
(503) 597-2444
Listed By:
Lake Shovoly
(503) 704-0919
Added: Jun 8
Changed: Aug 2
Last Checked: Aug 3 at 3:06AM
MLS# 745845628
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.
Under construction eight-plex apartment building built in 2026, configured as eight three-level townhomes. Each unit is designed with two bedrooms and two and a half bathrooms, with interiors finished to a high standard. Living areas feature LVP flooring, and tall ceilings with generous windows help create an open, light-filled feel. Kitchens are equipped with premium appliances, along with modern cabinetry and tasteful tile work. Bathrooms carry through with clean, well-considered design. Roofing is shingle.
The property is situated on a corner lot on NE 7th Ave (Lot size: 0.1 acres). Corner-lot positioning provides meaningful privacy benefits, with each unit having its own private deck or yard space.
Located just blocks from Alberta Park, Woodlawn City Park, and Ainsworth in Northeast Portland, the building is positioned within a well-regarded rental corridor. The project is currently under construction and is being delivered as a new-construction investment asset.
The property is situated on a corner lot on NE 7th Ave (Lot size: 0.1 acres). Corner-lot positioning provides meaningful privacy benefits, with each unit having its own private deck or yard space.
Located just blocks from Alberta Park, Woodlawn City Park, and Ainsworth in Northeast Portland, the building is positioned within a well-regarded rental corridor. The project is currently under construction and is being delivered as a new-construction investment asset.
Key Highlights
- Under construction 2026‑built eight‑plex apartment building with shingle roof
- Eight three‑level townhomes, each with two bedrooms and two and a half bathrooms
- Corner‑lot positioning with private deck or yard space for each unit
Property Analytics
Property Profile
Current Use
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
922
Businesses Nearby
Explore this area
Business Placement
Demographics for 97211, OR
33,762
Population
15,106
Households
2.2
Avg Household Size
38
Median Age
56%
College-Educated
96%
High-School Grad
7.1 sq mi
ZIP Area
4,755
Density / Sq Mi
$109,604
Median Household Income
$59,171
Median Earnings
$1,818
Median Rent
$616,800
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
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 - Under-construction 2026-built eight-plex with three-level townhomes, private outdoor space per unit, and CM2 zoning.
Where is this apartment building located?
The property is located at 5587 NE 7th Ave Portland, OR.
What is the asking price?
The asking price for this property is $3,280,000.
What are key features of this property?
This property features: Under construction 2026‑built eight‑plex apartment building with shingle roof; Eight three‑level townhomes, each with two bedrooms and two and a half bathrooms; Corner‑lot positioning with private deck or yard space for each unit
