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    NE Ainsworth St Portland, OR 97211

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    Sponsored
    For Sale
    $6,999,000

    MULTI_FAMILY - Portland, OR

    Property size:
    15,956 SF
    Lot size:
    0.25 Acres
    Days on Market:
    2
    Last Refresh:
    Mar 29 at 2:06 am

    Property Features for NE Ainsworth St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Property condition
    Under Construction
    Standard status
    Active
    Zoning
    CM1
    Rooms
    Bedroom 10, Bedroom 5, Bedroom 16, Bedroom 8, Bedroom 9, Bathroom 8, Bathroom 21, Bathroom 13, Bathroom 6, Bathroom 7, Bathroom 23, Bathroom 15, Bedroom 18, Bathroom 22, Bathroom 11, Bathroom 25, Bathroom 17, Bedroom 4, Bedroom 1, Bathroom 3, Bathroom 24, Bathroom 1, Bathroom 30, Bathroom 26, Bedroom 3, Bedroom 7, Bathroom 12, Bedroom 19, Bedroom 14, Bedroom 2, Bathroom 20, Bathroom 5, Bathroom 16, Bathroom 27, Bedroom 15, Bedroom 12, Bedroom 6, Bathroom 2, Bathroom 4, Bathroom 18, Bedroom 13, Bedroom 11, Bathroom 28, Bathroom 29, Bathroom 9, Bedroom 20, Bathroom 10, Bathroom 14, Bathroom 19, Bedroom 17
    Bedrooms
    20
    Bathrooms
    30
    APN
    New Construction
    Size
    15,956 SF
    Lot size
    0.25 Acres

    Building Details

    Year built
    2025
    Floors in Building
    2
    Number of units
    17
    Roof type
    Composition

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    Listing Contact
    Darryl Bodle
    Darryl Bodle

    Keller Williams Realty Portland Premiere

    Listing agent Darryl Bodle

    Listing date Mar 28, 2026

    MLS# 401313319

    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.

    Learn more

    Property Insight Report

    Overview

    New Multifamily Portfolio in Portland

    This portfolio comprises three buildings with a total of 17 units, built between 2024 and 2025. The properties feature modern design, durable construction, and refined finishes. Premium materials, energy-efficient systems, and low-maintenance landscaping contribute to a high-quality, turnkey investment. All units are vacant and move-in ready, allowing for immediate leasing. Each residence is individually metered and includes a private outdoor living space. The properties are located in the Reed, Creston-Kenilworth, and Concordia neighborhoods, surrounded by amenities, parks, and major institutions such as Reed and Lewis & Clark Colleges. The total property size is 15956 square feet, situated on a lot of 0.25 acres. The intended use of the property is multifamily residential. The zoning is CM1. The location ensures consistent tenant demand and strong long-term appreciation potential. It is an opportunity to acquire new, high-performing assets in sought-after areas of Portland, designed for tenant satisfaction and investor return on investment. Taxes and rental income are estimated, and the buyer is responsible for due diligence regarding projected rental cash flow.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Map

    City
    Portland
    County
    Washington
    State
    Oregon
    Longitude
    -122.634762
    Latitude
    45.566546

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    FAQs

    What type of property is this?
    Apartment building - Portfolio of 3 buildings, 17 units, built 2024-2025.
    Where is this apartment building located?
    The property is located at NE Ainsworth St Portland, OR.
    What is the asking price?
    The asking price for this property is $6,999,000.
    What are key features of this property?
    This property features: - Portfolio of three newly constructed buildings (2024-2025) featuring 17 units.; - All units are vacant and move-in ready for immediate leasing.; - Located in desirable Portland neighborhoods: Reed, Creston-Kenilworth, and Concordia.
    (503) 597-2444
    Request Owner's contact information
    NE Ainsworth St Portland, OR 97211
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    Portland, OR 97211
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    NE Ainsworth St Portland, OR 97211
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    We can help!
    Listing Contact
    Darryl Bodle
    Darryl Bodle
    Real Estate License ID: 199910100
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