2938 NE 62nd AVE, Portland, OR 97213

This newly constructed 7-unit multifamily offering is delivered vacant, complete, and ready for immediate lease-up. The property includes seven townhouse-style residences across two buildings totaling approximately 7,179 square feet. Three end units are configured as 3 bedrooms and 2.1 bathrooms, and four interior units are configured as 2 bedrooms and 2.1 bathrooms. In total, the portfolio offers 17 bedrooms, 14 full bathrooms, and 7 half bathrooms. Each residence includes private outdoor space and energy-efficient mini split systems for year-round heating and cooling.

Designed by a local boutique builder, the homes reflect quality construction and detailed finishes. Interior features include high ceilings on the main level, open great room layouts, upstairs laundry conveniently located near the bedrooms, and unit differentiation supported by built-ins and distinctive design elements such as accent walls and crown molding with integrated lighting. Interior units offer vaulted ceilings in the bedrooms, while end units include larger private yards.

Located in Portland’s Rose City Park neighborhood, the property places residents near everyday conveniences and transportation options. With all units already vacant and controlled by the new owner, investors have direct control over tenant placement and rental strategy, supported by a projected pro forma cap rate of 5.6% at stabilization as stated in the offering materials.