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New Multifamily Building in Richmond
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2387 Southeast 43rd Avenue, Portland, OR 97215

New 6-unit building with premium finishes in prime location.

Property Size5,896 SF
Days on Market124

Property Features for 2387 Southeast 43rd Avenue

General Information

Standard status Active
Size 5,896 SF
Property subtype Multifamily

Building Details

Year Built 2025
Listing Agency: Macadam Forbes
Listed By: Cooper Collins · License #OR #201250793
Source: Macadamforbes
Added: Apr 1 Changed: Jul 10 Last Checked: Jul 10 at 1:15PM

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 Macadam Forbes

Investment Insights

Based on property information with market context.

This newly constructed 6-unit multifamily building is located in the Richmond neighborhood of Portland. The 5,896 square foot property, built in 2025, features a modern design and high-end finishes. All units are street-facing and include premium engineered hardwood floors, white Carrara marble master baths with heated floors, Carrara quartz counters with full slab backsplashes, and in-unit washer/dryers. The building has 12 beds and 12 baths, mini-split HVAC, and tankless water heaters. The property is located in one of Southeast Portland's most in-demand rental corridors, with a Walk Score of 93 and a Bike Score of 99, steps from SE Division. The projected total rent is $15,000 per month. This turnkey investment opportunity is built to attract and retain quality tenants.

Key Highlights

  • Projected $15,000/month rental income in a high‑demand Portland rental corridor.
  • New construction (2025) 6‑unit building offering a turnkey investment.
  • Prime Richmond neighborhood location with a Walk Score of 93 and Bike Score of 99.

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick HVAC Service Parking Lot & Garage Grocery & Convenience Store Carpet & Flooring Store (Bike/Boat/Book/etc) Store Law Firm

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

1,543
Businesses Nearby

Demographics for 97215, OR

18,221
Population
7,855
Households
2.3
Avg Household Size
40
Median Age
64%
College-Educated
97%
High-School Grad
2.3 sq mi
ZIP Area
7,922
Density / Sq Mi
$114,361
Median Household Income
$62,704
Median Earnings
$1,587
Median Rent
$658,500
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 - New 6-unit building with premium finishes in prime location.
Where is this apartment building located?
The property is located at 2387 Southeast 43rd Avenue Portland, OR.
What are key features of this property?
This property features: Projected $15,000/month rental income in a high‑demand Portland rental corridor.; New construction (2025) 6‑unit building offering a turnkey investment.; Prime Richmond neighborhood location with a Walk Score of 93 and Bike Score of 99.
More about this property
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