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    OFF-MARKET
    Residential income homes

    3564 Garfield Ave, Portland, OR 97212

    6,592 SF
    Property ID
    Property summary
    AI-generated overview

    This exceptional new construction multifamily property in Portland, Oregon, presents a compelling investment opportunity. Located at 3564 NE Garfield Ave, in the desirable 97212 zip code, this 7-unit building boasts a total of 6,592 square feet, offering 14 bedrooms and 14 bathrooms (including half-baths) across two stories. Each unit features a spacious two-bedroom, two-and-a-half-bathroom layout, designed with modern, open-concept floor plans. High-end finishes include custom kitchens with warm cabinetry, quartz countertops, stylish tile backsplashes, and stainless steel appliances. Sleek black fixtures, lofty ceilings, and designer color palettes enhance the sophisticated aesthetic. Private, fenced patios and coveted air conditioning are included in each unit. The property benefits from a phenomenal location with a Walk Score of 95 and a Bike Score of 100, placing it within a short distance of restaurants, shops, cafes, and Legacy Emanuel Hospital. The building is zoned CM2 and comes with a one-year builder's warranty, providing peace of mind for the investor. The asking price is $2,799,900, representing a price per unit of $399,985.71 and a price per square foot of $424.74. This property is an ideal addition to any investment portfolio.

    Property profile
    Verified
    Property type Residential income homes
    Total area 6,592 SF
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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