5855 NE Prescott St Portland, OR 97218

This is an investor opportunity to acquire a newly constructed 17-unit multifamily portfolio across three Portland neighborhoods: Cully, Kenton, and St. Johns. Constructed between 2023 and 2025, each building features modern design with high-end finishes, open layouts, and oversized windows that fill the interiors with natural light. The combination of design and new construction ensures 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. In Cully, residents enjoy easy access to Tamale Boy, Baerlic Brewing, Coffee Beer, 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 Cafe 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 performance and operational efficiency; the recent construction offers tax depreciation benefits and reduced capital expenditure needs. The property, located in Portland, OR 97218, is situated on a 13,521 square foot lot. 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.