Income-Producing Multifamily Asset in
7206 N SAINT LOUIS Ave, Portland, OR 97203
MULTI_FAMILY - Portland, OR
Property size:
4,416 SFLot size:
0.11 AcresPrice / SF:
$430/SF- Added:
- May 23, 2022
- Days on Market:
- 1461
- Last Refresh:
- May 22 at 1:06 am
Property Features for 7206 N SAINT LOUIS Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- RM2
- Bedrooms
- 7
- Bathrooms
- 5
- Rooms
- Bathroom 3, Bathroom 1, Bathroom 4, Bedroom 7, Bedroom 4, Bedroom 1, Bedroom 6, Bathroom 2, Bathroom 5, Bedroom 5, Bedroom 3, Bedroom 2
- Standard status
- Active
- APN
- R191962
- Size
- 4,416 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Description
- JAMES JOHNS ADD, BLOCK 34, NW 1/2 OF LOT 2
- Tax Annual Amount
- 16512
Utilities
- Heating system
- Zoned
Building Details
- Year built
- 2022
- Floors in Building
- 3
- Number of units
- 7
- Roof type
- Composition
Listing agent Darryl Bodle License #199910100 (503) 709-4632
Listing office Keller Williams Realty Portland Premiere 7504 SW Bridgeport Rd, Portland, OR (503) 597-2444
Listing date May 23, 2022
MLS# 22390670
Listing URL
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HighLights
- Fully leased, income‑producing 7‑unit multifamily property, providing immediate stabilized income.
- Newer construction (2022) with modern finishes and open‑concept layouts.
- Diversified unit mix (studio to three‑bedroom residences) and includes a detached single‑family home, reducing risk.
- Located in a desirable North Portland location near Cathedral Park, with high Walk Score (91) and Bike Score (94).
- Convenient access to parks, dining, retail, services, and transit options.
- Detached two‑bedroom home includes a basement for substantial storage and flexibility.
Overview
This fully leased, income-producing 7-unit multifamily asset is located in North Portland. It is suited for a 1031 exchange buyer seeking stable cash flow, a diversified unit mix, and modern construction. The property includes six newer-construction condominium residences plus a detached single-family home, offering multiple income streams. The newer units feature efficient, renter-driven open-concept layouts with contemporary finishes, solid surface countertops, modern cabinetry, and neutral design selections. The unit mix ranges from studio to three-bedroom residences. The detached two-bedroom home includes a basement providing substantial storage and functional flexibility. The property is fully occupied. Located near the Cathedral Park neighborhood, it is known for its riverfront setting beneath the iconic St. Johns Bridge, expansive green space, community events, and strong neighborhood identity. The location offers approximately 1.5 miles to Cathedral Park itself, under 1 mile to Pier Park and Columbia Park, and convenient access to dining, neighborhood retail, and services along N Lombard Street within roughly 0.75 miles. It has a 94 Bike Score and 91 Walk Score, nearby transit options, and proximity to employment centers and outdoor amenities. The property size is 4416 square feet, situated on a 0.11-acre lot. The zoning is RM2.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Multifamily properties
Location Insight
- Map
- Local Demand
- City
- Portland
- County
- Washington
- State
- Oregon
- Longitude
- -122.758833
- Latitude
- 45.592096
Nearby Similar for Sale
FAQs
What type of property is this?
Multifamily property - Fully leased 7-unit multifamily property in North Portland.
Where is this multifamily property located?
The property is located at 7206 N SAINT LOUIS Ave Portland, OR.
What is the asking price?
The asking price for this property is $1,899,000.
What are key features of this property?
This property features: Fully leased, income‑producing 7‑unit multifamily property, providing immediate stabilized income.; Newer construction (2022) with modern finishes and open‑concept layouts.; Diversified unit mix (studio to three‑bedroom residences) and includes a detached single‑family home, reducing risk.
