8474 Willamette Blvd Portland, OR 97203
This exceptional new 6-plex in Portland's Cathedral Park offers a compelling investment opportunity. The property boasts a mix of six units: one 2-bedroom, 2.1-bathroom unit and five 2-bedroom, 1.1-bathroom units. Each unit features an open-concept design with spacious living areas, modern kitchens equipped with stainless steel appliances and custom cabinetry, and ample natural light. The building, constructed in 2024, totals 4,746 square feet on a 0.1-acre lot and is a two-story structure. It benefits from a highly desirable location with a 91 BikeScore, placing residents within easy reach of numerous amenities including coffee shops, restaurants, grocery stores, and parks, all within a short distance. The property is zoned RM2 and comes with a one-year builder's warranty. Estimated completion is mid-September 2024. This represents a rare chance to acquire a newly constructed multifamily property in a prime Portland location, offering strong potential for rental income and long-term appreciation. The asking price is $1,999,900.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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