7582 Emerald Ave Portland, OR 97217

This exceptional multifamily investment opportunity presents a portfolio of 22 newly constructed two-bedroom, 1.5-bathroom apartment units situated in a desirable Portland, Oregon location. The property comprises four buildings, totaling 18,296 square feet on a 20,000 square foot lot. Each unit boasts approximately 819-836 square feet of living space, featuring a trendy open-concept floor plan with lofty ceilings, hard surface flooring, modern kitchens equipped with slab counters and stainless steel appliances, and in-unit washer/dryers. Superior quality construction and finishes are evident throughout. Residents enjoy private fenced backyard spaces, bike parking, and tasteful landscaping. The property benefits from a prime location near the University of Portland, parks, shops, and public transportation, making it highly attractive to renters. Built in 2022, the property offers a 5.40% cap rate and a net operating income (NOI) of $351,234. A builder's warranty is included, and a 15-year rent control exemption is available. The asking price is $6,499,900. This is a rare opportunity to acquire a high-quality, income-producing multifamily asset in a thriving Portland neighborhood. The property is zoned for 99BS and 85WS.