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    New Construction Three-Level Townhome Eight-Plex Title is generated by Realmo AI

    5587 Northeast 7th Avenue, Portland, OR 97211

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    Eight-unit new construction with private outdoor space for each townhome, designed for low-maintenance residential income.

    Type:Multifamily
    Property size:
    6,616 SF
    Price / SF:
    $495/SF
    Added:
    Jun 8, 2026
    Days on Market:
    24
    Last Refresh:
    Jun 20 at 5:57 am

    Property Features for 5587 Northeast 7th Avenue

    General Information

    Standard status
    Active
    Size
    6,616 SF
    Property subtype
    Multifamily

    Building Details

    Year Built
    2026

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    Lake Shovoly

    Listing office Reyes Real Estate LLC

    Listing date Jun 8, 2026

    Source Crexi

    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 Reyes Real Estate LLC

    HighLights

    • New construction 8‑plex built in 2026 in a Northeast Portland rental corridor
    • All 8 units are 3‑level townhomes with 2 bedrooms and 2.5 bathrooms
    • Each unit includes its own private outdoor space (private deck or yard) as part of a corner‑lot setup
    • Modern interiors with LVP flooring, tall ceilings, and generous windows
    • Kitchens feature premium appliances and modern cabinetry; bathrooms have clean, well‑considered design
    • New‑build residential income property positioned blocks from Alberta Park, Woodlawn City Park, and Ainsworth

    Overview

    This new-construction eight-plex was built in 2026 and is arranged as eight three-level townhomes, each with two bedrooms and two and a half bathrooms. Interiors are finished to a high standard, with kitchens that include premium appliances, modern cabinetry, and tile work. Living spaces feature LVP flooring, with tall ceilings and generous windows intended to create an open, light-filled feel while maintaining privacy. Each unit includes its own private outdoor area, supported by the property’s corner-lot positioning.

    Located at 5587 Northeast 7th Avenue in Portland, the property sits just blocks from Alberta Park, Woodlawn City Park, and Ainsworth. The surrounding area is positioned around established neighborhood amenities, with multiple green spaces within close reach.

    For investors seeking a recently built, turnkey multifamily asset, this eight-plex offers a uniform, rent-ready product built around modern finishes and consistent unit layouts. The private deck or yard space for each townhome provides an added residential differentiator, while the overall scope of new construction is designed to support manageable early-years upkeep.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Real Estate Agency Law Firm Restaurant Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Washington
    State
    Oregon
    Longitude
    -122.658758
    Latitude
    45.563717

    FAQs

    What type of property is this?
    Apartment building - Eight-unit new construction with private outdoor space for each townhome, designed for low-maintenance residential income.
    Where is this apartment building located?
    The property is located at 5587 Northeast 7th Avenue 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 8‑plex built in 2026 in a Northeast Portland rental corridor; All 8 units are 3‑level townhomes with 2 bedrooms and 2.5 bathrooms; Each unit includes its own private outdoor space (private deck or yard) as part of a corner‑lot setup
    More about this property
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