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New Construction Eight-Home Community
For Sale
$940,000

1414 SW 3RD AVE 2802 2802, Portland, OR 97206

Eight newly built two- and three-bedroom rentals with private outdoor space and energy-efficient ductless heat pumps.

Property Size1,881 SF
Days on Market56

Property Features for 1414 SW 3RD AVE 2802 2802

General Information

Standard status Active
Size 1,881 SF
Property subtype Condominium

Building Details

Building Size 1,881 SF
Year Built 2026
Listing Agency: Keller Williams Realty Portland Premiere
Listed By: Emily Hetrick · License #199910100
Source: Realestatepdx
Added: Jun 26 Changed: Aug 18 Last Checked: Aug 20 at 4:03AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty Portland Premiere

Investment Insights

Based on property information with market context.

This offering includes all eight homes within a newly constructed small-scale rental community, designed with efficient, tenant-friendly two-story floor plans. The mix consists of four three-bedroom homes and four two-bedroom homes, and every residence features two and a half bathrooms. Main levels center on an open concept great room with seamless living, dining, and kitchen flow, supported by a convenient half bath on the main floor. Kitchens include solid surface countertop space, stainless steel appliances, ample cabinetry, and large islands with eat-bar seating. Upper levels provide primary suites with ensuite baths, a hall bath for secondary bedrooms, and upstairs laundry positioned between bedrooms. Each home also includes private outdoor space, with rear homes offering larger yard areas for added flexibility.

The community is located about 2.5–3 miles from the dining and neighborhood retail on SE Woodstock Blvd. Daily conveniences are within roughly half a mile along SE 82nd Avenue, and Lents Park is approximately 1.1 miles away, offering expansive greenspace, walking paths, and sports facilities.

With a thoughtfully planned unit mix and durable construction, the property is well suited for operators seeking a cohesive, turnkey rental portfolio that supports long-term livability. Energy-efficient ductless heat pump systems provide year-round comfort, and the combination of open layouts, in-home laundry, and private outdoor space aligns with tenant expectations for day-to-day convenience.

Key Highlights

  • Newly built 8‑home rental community (Year Built 2026) in Southeast Portland, offering four 3‑bedroom homes and four 2‑bedroom homes.
  • All units include 2.5 bathrooms and two‑story floor plans with main‑level open concept great rooms and a convenient main‑level half bath.
  • Kitchens feature solid surface countertops, stainless steel appliances, ample cabinetry, and large islands with eat bar seating.

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Hair Salon Nail Salon Auto Parts Store Electrical Service Barber Shop (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.

Location Intelligence

Trade Area within ½ mile

4,352
Businesses Nearby

Demographics for 97206, OR

51,072
Population
22,348
Households
2.3
Avg Household Size
38
Median Age
49%
College-Educated
94%
High-School Grad
6.5 sq mi
ZIP Area
7,857
Density / Sq Mi
$94,233
Median Household Income
$54,254
Median Earnings
$1,693
Median Rent
$480,500
Median Home Value

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 - Eight newly built two- and three-bedroom rentals with private outdoor space and energy-efficient ductless heat pumps.
Where is this apartment building located?
The property is located at 1414 SW 3RD AVE 2802 2802 Portland, OR.
What is the asking price?
The asking price for this property is $940,000.
What are key features of this property?
This property features: Newly built 8‑home rental community (Year Built 2026) in Southeast Portland, offering four 3‑bedroom homes and four 2‑bedroom homes.; All units include 2.5 bathrooms and two‑story floor plans with main‑level open concept great rooms and a convenient main‑level half bath.; Kitchens feature solid surface countertops, stainless steel appliances, ample cabinetry, and large islands with eat bar seating.
More about this property
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