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    3591 N Michigan Ave Portland, OR 97227

    For Sale
    $1,900,000

    Six-unit multifamily property with condo-grade finishes in North Portland.

    Property size:
    5,520 SF

    Property Features for 3591 N Michigan Ave

    General Information

    Size
    5,520 SF

    Building Details

    Year built
    2024

    Source: Nicholas Diamond Agent Nicholas Diamond

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    New Multifamily in North Portland

    This is a six-unit multifamily property located on Michigan Avenue in North Portland, within the Boise Neighborhood, between N Beech and N Freemont Street, with easy access to I-5. The new construction property features condo-grade finishes. Each unit includes 2 beds and 2 baths. The building has a gross area of 5,520 square feet and is situated on a 4,875 square foot lot. The zoning is RM1 - Residential Multi-Dwelling. Units feature high ceilings, quartz countertops, exterior patio/deck, and abundant natural light. The property is currently in lease up and is considered a low-maintenance asset in a desirable neighborhood.
    Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Realty agency Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Washington
    State
    Oregon
    Longitude
    -122.676938
    Latitude
    45.549172

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    FAQs

    What type of property is this?
    Apartment building - Six-unit multifamily property with condo-grade finishes in North Portland.
    Where is this apartment building located?
    The property is located at 3591 N Michigan Ave Portland, OR.
    What is the asking price?
    The asking price for this property is $1,900,000.
    What are key features of this property?
    This property features: - New construction multifamily in desirable North Portland Boise neighborhood; - Condo grade finishes: **high ceilings, quartz countertops, exterior patio/deck, abundant natural light**; - 6 units with 2 beds, 2 baths
    (503) 222-2655
    Request Owner's contact information
    3591 N Michigan Ave Portland, OR 97227
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    Portland, OR 97227
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    Realmo Value Estimation

    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.

    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.

    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
    3591 N Michigan Ave Portland, OR 97227
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