New Construction Three-Level Townhome
For Sale
Contact for pricing
5587 Northeast 7th Avenue, Portland, OR 97211
Eight-unit new construction with private outdoor space for each townhome, designed for low-maintenance residential income.
Property Size6,616 SF
Price / SF$495.77
Days on Market76
Property Features for 5587 Northeast 7th Avenue
General Information
Standard status
Active
Size
6,616 SF
Class
A
Property subtype
Multifamily
Zoning
CM2
Net Operating Income
$182,950
Additional Details
Business Included
Yes
Multifamily Units
8
Building Details
Year Built
2026
Buildings
2
Units
8
Listing Agency:
Reyes Real Estate LLC
Listed By:
Lake Shovoly · License #201249502
Source:
Crexi
Added: Jun 8
Changed: Aug 8
Last Checked: Aug 21 at 7:37AM
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
Investment Insights
Based on property information with market context.
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.
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.
Key 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
Property Analytics
Property Profile
Current Use
Lease Details
8
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,473
Businesses Nearby
Explore this area
Business Placement
Demographics for 97211, OR
33,762
Population
15,106
Households
2.2
Avg Household Size
38
Median Age
56%
College-Educated
96%
High-School Grad
7.1 sq mi
ZIP Area
4,755
Density / Sq Mi
$109,604
Median Household Income
$59,171
Median Earnings
$1,818
Median Rent
$616,800
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
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
