New Construction Eight-Plex Townhomes

5587 NE 7th Ave, Portland, OR 97211

View on Map

For Sale

$3,280,000

MULTI_FAMILY - Portland, OR

Lot size:

0.10 Acres

HighLights

New‑construction eight‑plex built in 2026 (under construction) with shingle roof
All 8 units are 2‑bedroom, 2.5‑bath three‑level townhomes
Corner‑lot setup with private deck or yard space associated with each unit
Interiors include LVP flooring, tall ceilings, and generous windows
Kitchens feature premium appliances, tile work, and modern cabinetry
Bathrooms designed with clean, well‑considered finishes throughout

We can help!

Listing Contact

Lake Shovoly

For Sale

$3,280,000

MULTI_FAMILY - Portland, OR

Lot size:

0.10 Acres

Added:: Jun 8, 2026
Days on Market:: 10
Last Refresh:: Jun 17 at 7:06 am

Property Features for 5587 NE 7th Ave

General Information

Property type: Residential Multi Family
Property subtype: Other
Property condition: Under Construction
Zoning: CM2
Bedrooms: 2
Bathrooms: 3
Rooms: Bedroom 1, Bathroom 2, Bathroom 1, Bedroom 2, Bathroom 3
Standard status: Active
APN: R136595
Lot size: 0.10 Acres

Taxes and HOA fees

Tax Description: CLOVERDALE TR, BLOCK 1, LOT 15 EXC PT IN STS
Tax Annual Amount: 1742

Building Details

Year built: 2026
Floors in Building: 3
Number of units: 8
Roof type: Shingle

We can help!

Listing Contact

Lake Shovoly

Listing agent Lake Shovoly

Listing office Keller Williams Realty Portland Premiere 7504 SW Bridgeport Rd, Portland, OR

Listing date Jun 8, 2026

MLS# 745845628 Listing URL

Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

HighLights

New‑construction eight‑plex built in 2026 (under construction) with shingle roof
All 8 units are 2‑bedroom, 2.5‑bath three‑level townhomes
Corner‑lot setup with private deck or yard space associated with each unit
Interiors include LVP flooring, tall ceilings, and generous windows
Kitchens feature premium appliances, tile work, and modern cabinetry
Bathrooms designed with clean, well‑considered finishes throughout

Overview

This newly constructed eight-plex was built in 2026 and is configured as three-level townhomes. Each unit offers two bedrooms and two and a half bathrooms, with interior finishes intended to be move-in ready. Kitchens include premium appliances, modern cabinetry, and tile work, while bathrooms feature a clean, cohesive design. Living areas have LVP flooring throughout, and tall ceilings paired with generous windows support an open, light-filled feel. Corner-lot positioning is a key feature, allowing private outdoor space for each unit in the form of its own deck or yard area.

The property is located in Northeast Portland and described as being just blocks from Alberta Park, Woodlawn City Park, and Ainsworth. The listing also notes a commercial zoning designation of CM2.

As an income-focused offering, this asset may appeal to investors seeking a new-construction multifamily product with consistent unit layouts across all eight homes. For tenants, the two-bedroom, 2.5-bath townhome configuration and in-unit finishes are designed to deliver a turnkey experience, while each unit’s private outdoor space helps differentiate the residences in a rental setting. Contact the listing broker for additional details and to schedule a private tour.

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Location Insight

Map
Local Demand

City: Portland
County: Washington
State: Oregon
Longitude: -122.65882
Latitude: 45.563939

Nearby Similar for Sale

$2,000,000

6,070 SF

Six-Unit Apartment Community

2019-built six-unit community with in-unit laundry and off-street parking on a low-density lot.

8300 SE Flavel St, Portland, OR 97266

View Details
$629,990

3,120 SF

Single-Level Fourplex with Garages

Four 2-bedroom units each with a fenced yard, detached garage, and washer/dryer hookups.

18321 NE WASCO St, Portland, OR 97230

View Details
$4,313,900

11,578 SF

Detached Cottage Multifamily Portfolio

Twelve new construction detached two-bedroom cottages with modern in-unit features and efficient mini-split climate control.

7033 SE 60th Ave, Portland, OR 97206

View Details
$1,649,900

3,952 SF

Modern 4-Unit Residential Property

New construction quadplex with two-bedroom units, mini-split heating/cooling, and fenced outdoor space for each home.

4066 SE Long St, Portland, OR 97202

View Details
$1,739,900

4,868 SF

New Construction Cottage Portfolio

Four detached homes near St. Johns with strong rental potential.

6603 N Seneca St, Portland, OR 97203

View Details
$1,969,900

4,815 SF

New Multifamily Investment by Park

Five-unit townhome investment across from Peninsula Park in Portland, Oregon.

6179 N Albina Ave, Portland, OR 97217

View Details
$899,000

5,982 SF

Versatile Commercial Property with Warehouse

Mixed-use property featuring storefronts, restaurant, and warehouse space.

1218 N Killingsworth Street, Portland, OR 97217

View Details
$695,000

2,938 SF

1907 Duplex with Separate Entrances

Two 2BR/1BA units with separate entrances, porches, and a fenced backyard, delivered vacant for owner-occupant or rental use.

3632 SE BELMONT St, Portland, OR 97214

View Details
$645,000

5,500 SF

Mixed-Use Development Fixer

Two-building mixed-use property with street-level office/retail and multiple apartment units, sold as-is with CM2 zoning.

8325 SE DIVISION St, Portland, OR 97266

View Details
$2,889,900

7,179 SF

Rose City Park Multifamily Investment

New 7-unit multifamily property in Portland's Rose City Park.

2938 NE 62nd Ave, Portland, OR 97213

View Details
$1,979,900

4,588 SF

New Cottage Homes in Beaumont-Wilshire

Four newly built detached cottage homes in NE Portland.

4895 NE CESAR E CHAVEZ Blvd, Portland, OR 97211

View Details
$1,200,000

3,950 SF

Four-Unit Residential Income Property

Four-unit setup with covered parking and updated exterior elements suitable for income-focused ownership.

12369 SW WALNUT St, Portland, OR 97223

View Details

For sale
Apartment buildings
OR
Portland
97211
5587 NE 7th Ave

What type of property is this?

Apartment building - 2026-built eight-plex with three-level, two-bedroom townhome layouts designed for low-maintenance, turnkey occupancy.

Where is this apartment building located?

The property is located at 5587 NE 7th Ave Portland, OR.

What is the asking price?

The asking price for this property is $3,280,000.

What are key features of this property?

This property features: New‑construction eight‑plex built in 2026 (under construction) with shingle roof; All 8 units are 2‑bedroom, 2.5‑bath three‑level townhomes; Corner‑lot setup with private deck or yard space associated with each unit

5587 NE 7th Ave, Portland, OR 97211

MULTI_FAMILY - Portland, OR

Property Features for 5587 NE 7th Ave

General Information

Taxes and HOA fees

Building Details

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Six-Unit Apartment Community

Single-Level Fourplex with Garages

Detached Cottage Multifamily Portfolio

Modern 4-Unit Residential Property

New Construction Cottage Portfolio

New Multifamily Investment by Park

Versatile Commercial Property with Warehouse

1907 Duplex with Separate Entrances

Mixed-Use Development Fixer

Rose City Park Multifamily Investment

New Cottage Homes in Beaumont-Wilshire

Four-Unit Residential Income Property

FAQs

Create New Password