5855 NE Prescott St Portland, OR 97218
- Added:
- Nov 6, 2025
- Days on Market:
- 178
- Last Refresh:
- May 3 at 3:06 am
Property Features for 5855 NE Prescott St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Property condition
- Under Construction
- Zoning
- CM2
- Bedrooms
- 20
- Bathrooms
- 26
- Rooms
- Bathroom 25, Bedroom 6, Bathroom 11, Bathroom 4, Bedroom 10, Bathroom 3, Bathroom 8, Bathroom 10, Bathroom 15, Bathroom 6, Bedroom 9, Bedroom 17, Bathroom 20, Bathroom 17, Bedroom 5, Bathroom 26, Bathroom 2, Bathroom 18, Bedroom 13, Bedroom 1, Bathroom 21, Bedroom 20, Bedroom 7, Bedroom 14, Bathroom 13, Bathroom 19, Bedroom 15, Bathroom 7, Bedroom 12, Bedroom 19, Bedroom 2, Bathroom 23, Bathroom 12, Bathroom 1, Bathroom 5, Bedroom 18, Bedroom 11, Bathroom 16, Bedroom 16, Bathroom 22, Bathroom 24, Bathroom 9, Bathroom 14, Bedroom 4, Bedroom 3, Bedroom 8
- Standard status
- Active
- APN
- New Construction
- Size
- 13,521 SF
Building Details
- Year built
- 2025
- Floors in Building
- 2
- Number of units
- 17
- Roof type
- Composition
Listing agent Darryl Bodle License #199910100 (503) 709-4632
Listing office Keller Williams Realty Portland Premiere 7504 SW Bridgeport Rd, Portland, OR (503) 597-2444
Listing date Nov 6, 2025
MLS# 326159155
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.
Overview
New Multifamily Portfolio in Portland
This is an investor opportunity to acquire a newly constructed 17-unit multifamily portfolio across three Portland neighborhoods: Cully, Kenton, and St. Johns. Constructed between 2023 and 2025, each building features modern design with high-end finishes, open layouts, and oversized windows that fill the interiors with natural light. The combination of design and new construction ensures tenant appeal and minimal ongoing maintenance. Every unit is individually metered, providing simplified management and reduced operating costs. With the majority of units currently leased and income-producing, investors benefit from immediate cash flow and potential for continued rent growth. In Cully, residents enjoy easy access to Tamale Boy, Baerlic Brewing, Coffee Beer, Khunamokwst Park and the Beaumont Village corridor. Kenton offers a close-knit community anchored by Kenton Park and the Denver Avenue retail district, where tenants frequent Po'Shines Cafe De La Soul, Mayfly Taproom, and Prince Coffee. St. Johns attracts long-term renters with its riverfront charm and vibrant main street featuring Cathedral Park, StormBreaker Brewing, Great North Coffee, and St. Johns Theater & Pub. This portfolio delivers performance and operational efficiency; the recent construction offers tax depreciation benefits and reduced capital expenditure needs. The property, located in Portland, OR 97218, is situated on a 13,521 square foot lot. With stable tenancy, desirable locations, and contemporary design, investors gain both dependable returns and long-term upside potential. Whether held as a complete portfolio or considered individually for strategic flexibility, these assets provide scale, stability, and enduring value in three of Portland's most in-demand rental neighborhoods.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Portland
- County
- Washington
- State
- Oregon
- Longitude
- -122.602117
- Latitude
- 45.555742
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Newly built 17-unit multifamily portfolio across three Portland neighborhoods.
Where is this apartment building located?
The property is located at 5855 NE Prescott St Portland, OR.
What is the asking price?
The asking price for this property is $5,424,900.
What are key features of this property?
This property features: Newly constructed (2023‑2025) 17‑unit multifamily portfolio in three desirable Portland neighborhoods.; Immediate cash flow from mostly leased units with potential for rent growth.; Modern design with high‑end finishes and oversized windows.
