5587 Northeast 7th Avenue, Portland, OR 97211

Building Details

Year Built

2026

Listing office Reyes Real Estate LLC

Listing date Jun 8, 2026

Source Crexi

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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.

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

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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