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Seven-Unit Apartment Building
For Sale
$3,184,300

7574 SW 31st Ave, Portland, OR 97219

MultiFamily, Portland, OR

Property Size6,760 SF
Lot Size0.14 Acres
Price / SF$471.05
Days on Market48

Property Features for 7574 SW 31st Ave

General Information

Property type Residential Multi Family
Property subtype Other
Property condition Under Construction
Zoning CM1
Bedrooms 12
Bathrooms 18
Full bathrooms 18
Rooms Bedroom 12, Bedroom 8, Bathroom 18, Bedroom 1, Bathroom 14, Bathroom 1, Bathroom 3, Bathroom 8, Bathroom 15, Bedroom 9, Bathroom 13, Bedroom 5, Bathroom 11, Bedroom 4, Bedroom 2, Bedroom 11, Bathroom 6, Bedroom 6, Bathroom 17, Bathroom 16, Bathroom 4, Bedroom 7, Bathroom 10, Bedroom 3, Bathroom 7, Bathroom 9, Bathroom 2, Bathroom 12, Bathroom 5, Bedroom 10
Subdivision MULTNOMAH VILLAGE
Elementary school Maplewood
Middle school Jackson
High school Ida B Wells
Directions SW Multnomah Blvd to SW Capitol Hwy, north on Capitol Hwy to property near SW 31st Ave.
Standard status Active
APN New Construction
Size 6,760 SF
Lot size 0.14 Acres

Utilities

Heating system Heat Pump (Heating)
Cooling system Heat Pump

Amenities

private patio
in-unit laundry

Building Details

Year built 2026
Floors in Building 2
Number of units 7
Roof type Composition
Listing Agency: Keller Williams Realty Portland Premiere
Listed By: Darryl Bodle · License #199910100
Added: Aug 19 Changed: Oct 5 Last Checked: Oct 5 at 4:06AM
MLS# 460796463

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 is planned as a fourplex and triplex with seven residences totaling approximately 6,760 square feet. Every unit includes two bedrooms, two and one-half bathrooms, a two-story layout, an open main level, private patio space, and laundry. Heat-pump systems provide both heating and cooling. The property is scheduled for completion in 2026 and includes a composition roof. The site measures 0.14 acres and carries CM1 zoning.

Located at 7574 SW 31st Ave in Portland, the property has an 83 Walk Score and sits near Multnomah Arts Center, Village Coffee, Fat City Cafe, Annie Bloom's Books, and Grand Central Bakery. The surrounding Multnomah Village setting also provides access to shops, dining, services, major Southwest Portland transportation corridors, and employment centers.

Key Highlights

  • Seven residences arranged as a fourplex and triplex
  • Approximately 6,760 square feet on a 0.14‑acre site
  • All units offer 2 bedrooms and 2 1/2 bathrooms

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Building Supply Computer & Electronic Repair Plumbing Service HVAC Service Grocery & Convenience Store (Bike/Boat/Book/etc) 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

7
Residential units

Location Intelligence

Trade Area within ½ mile

1,179
Businesses Nearby

Demographics for 97219, OR

42,474
Population
18,881
Households
2.2
Avg Household Size
40
Median Age
66%
College-Educated
98%
High-School Grad
11.7 sq mi
ZIP Area
3,630
Density / Sq Mi
$115,525
Median Household Income
$59,178
Median Earnings
$1,603
Median Rent
$651,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Under-construction residences offer two-story layouts, private patios, and individual heating and cooling systems.
Where is this apartment building located?
The property is located at 7574 SW 31st Ave Portland, OR.
What is the asking price?
The asking price for this property is $3,184,300.
What are key features of this property?
This property features: Seven residences arranged as a fourplex and triplex; Approximately 6,760 square feet on a 0.14‑acre site; All units offer 2 bedrooms and 2 1/2 bathrooms
More about this property
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