Newly Built 18-Unit Apartment Community

2833 NE 62nd AVE, Portland, OR 97213

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For Sale

$7,849,900

Newly constructed 18-unit rental community with cottage and attached townhome configurations, delivered vacant and lease-ready.

Type:Multi Family

HighLights

New construction 18‑unit multifamily development (built 2026) in NE Portland’s Rose City Park neighborhood, delivered vacant and ready for lease up.
Unit mix includes 8 detached cottage homes and 10 attached townhouse‑style residences in a single, cohesive rental community.
Two- and three‑bedroom units feature 2.5 bathrooms, with separation between living and sleeping areas for tenant‑focused layouts.
Two cottage homes include a main‑floor fourth bedroom or office space, expanding renter flexibility.
High‑performance windows plus heat pump heating and cooling are included to help support efficient operating costs.
Projected 5.69% cap rate at stabilization (as stated in the remarks).

We can help!

Contact an agent

Darryl Bodle

Learn more

For Sale

$7,849,900

Newly constructed 18-unit rental community with cottage and attached townhome configurations, delivered vacant and lease-ready.

Type:Multi Family

Added:: Feb 9, 2026
Days on Market:: 147
Last Refresh:: Jun 27 at 5:15 am

Property Features for 2833 NE 62nd AVE

General Information

Standard status: Active
Property subtype: Multi Family

Building Details

Year Built: 2026

We can help!

Contact an agent

Darryl Bodle

Listing office Keller Williams Realty Portland Premiere

Listing date Feb 9, 2026

Source Realestatepdx

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

HighLights

New construction 18‑unit multifamily development (built 2026) in NE Portland’s Rose City Park neighborhood, delivered vacant and ready for lease up.
Unit mix includes 8 detached cottage homes and 10 attached townhouse‑style residences in a single, cohesive rental community.
Two- and three‑bedroom units feature 2.5 bathrooms, with separation between living and sleeping areas for tenant‑focused layouts.
Two cottage homes include a main‑floor fourth bedroom or office space, expanding renter flexibility.
High‑performance windows plus heat pump heating and cooling are included to help support efficient operating costs.
Projected 5.69% cap rate at stabilization (as stated in the remarks).

Overview

This for-sale portfolio consists of a newly constructed 18-unit multifamily development delivered as a cohesive rental community, with all homes completed, vacant, and ready for lease-up. The layout combines an eight-home detached cottage cluster with ten attached, townhouse-style residences. Units are designed around a tenant-focused mix of two- and three-bedroom homes, each with two and a half bathrooms. Several cottages add flexibility with a main-floor fourth bedroom or office option. Interior finishes include crown molding with integrated built-in lighting in each bedroom, along with built-in features intended to add durability beyond typical rental construction. The main living levels also incorporate built-in elements, and the detached cottages benefit from increased spacing and enhanced landscaping, while the attached townhomes include private entries, fenced outdoor spaces, and end-unit configurations.

Located in Portland’s Rose City Park area, the property is described as near Rose City Park, Normandale Park, Rose City Golf Course, the Hollywood District, Beaumont Village, NE Sandy dining and coffee, grocery options, transit, and I-84 connections.

For tenants and operators seeking modern, operationally efficient residences, the homes feature high-performance windows and heat pump heating and cooling. The development is positioned as a blended community of detached privacy and attached townhome convenience, with a stated projected 5.69% cap rate at stabilization.

Location Intelligence

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Apartment buildings

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Local Demand

City: Portland
County: Washington
State: Oregon
Longitude: -122.5997463
Latitude: 45.5434615

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For sale
Multifamily properties
OR
Portland
97213
2833 NE 62nd AVE

What type of property is this?

Multifamily property - Newly constructed 18-unit rental community with cottage and attached townhome configurations, delivered vacant and lease-ready.

Where is this multifamily property located?

The property is located at 2833 NE 62nd AVE Portland, OR.

What is the asking price?

The asking price for this property is $7,849,900.

What are key features of this property?

This property features: New construction 18‑unit multifamily development (built 2026) in NE Portland’s Rose City Park neighborhood, delivered vacant and ready for lease up.; Unit mix includes 8 detached cottage homes and 10 attached townhouse‑style residences in a single, cohesive rental community.; Two- and three‑bedroom units feature 2.5 bathrooms, with separation between living and sleeping areas for tenant‑focused layouts.