11 NE 55TH AVE

Portland, OR 97213
Square Ft.
9,647
$3,349,900
Exceptional investment opportunity in Portland’s coveted North Tabor neighborhood. This newly constructed 16-unit apartment building, completed by a respected local builder, offers modern design, long-term durability, and broad rental appeal. With a proven rental history and low-maintenance construction, this turnkey property is ideal for both seasoned investors and those lookingRead MoreRead Less
Listing courtesy of Keller Williams Realty Portland Premiere.
Listing Snapshot
Days Online
168
Last Updated
Square Ft.
9,647
Lot Size
0.12 Acres
Year Built
2025
MLS Number
619792928
30 Days Snapshot Of 97213
$497k
-3%
(avg) sold price
17
-43%
homes sold
44
+4%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Building Area Total: 9647, Built in 2025, Stories: 3, Unit Type Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4, UnitTypeType5, UnitTypeType6, UnitTypeType7, UnitTypeType8
Expenses
Operating Expense: $82,717
Exterior Features
Exterior Description: CementSiding
Heating
Heating: WallHeater
Income
CAP Rate: 5.17, Gross Income: $256,005, Gross Rent Multiplier: 13.09, Net Operating Income: $173,288
Lot
Features: Level, Size Acres: 0.12, Size Range: SqFt5000to6999, Size Square Feet: 5,227, Size: 5,000 to 6,999 SqFt
Property
Number Of Units Total: 16, Property Condition: NewConstruction, Zoning: CM2
Security Features
Features: Entry
Sewer
Sewer: PublicSewer
Taxes
Annual Amount: $4,359, Legal Description, Tax Year: 2024
Unit One
Actual Rent: $975, Area: 265, Features: Dishwasher, Microwave, Range, Refrigerator, Units Total: 2, 1 total bathroom
Unit Two
Actual Rent: $1,225, Area: 399, Features: Dishwasher, Microwave, Range, Refrigerator, Units Total: 4, 1 total bathroom, 1 total bedroom
Unit Three
Actual Rent: $1,475, Area: 556, Features: Dishwasher, Microwave, Range, Refrigerator, Units Total: 2, 1 total bathroom, 1 total bedroom
Unit Four
Actual Rent: $1,325, Area: 486, Features: Dishwasher, Microwave, Range, Refrigerator, Units Total: 4, 1 total bathroom, 1 total bedroom
Unit Five
Actual Rent: $1,450, Area: 576, Features: Dishwasher, Microwave, Range, Refrigerator, Units Total: 1, 1 total bathroom, 1 total bedroom
Unit Six
Actual Rent: $1,425, Area: 466, Features: Dishwasher, Microwave, Range, Refrigerator, Units Total: 1, 1 total bathroom, 1 total bedroom
Unit Seven
Actual Rent: $1,425, Area: 564, Features: Dishwasher, Microwave, Range, Refrigerator, Units Total: 1, 1 total bathroom, 1 total bedroom
Unit Eight
Actual Rent: $1,450, Area: 551, Features: Dishwasher, Microwave, Range, Refrigerator, Units Total: 1, 1 total bathroom, 1 total bedroom
Utilities
Fuel Description: Electricity, Hot Water Description: Electricity, Water Source: PublicWater
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Erika George and Kari McGee
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This content last updated on . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
This content last updated on . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.