2833 NE 62nd AVE

Portland, OR 97213
Square Ft.
22,556
$7,380,900
Rare opportunity to acquire a newly constructed 16-unit multifamily development in NE Portland, delivered as a cohesive, high-quality rental community with a diversified unit mix and phased completion. The portfolio includes two attached fourplex buildings totaling eight townhouse-style residences and an eight-home detached cottage cluster, offering a rare blend ofRead MoreRead Less
Listing courtesy of Keller Williams Realty Portland Premiere.
Listing Snapshot
Days Online
54
Last Updated
Square Ft.
22,556
Lot Size
0.58 Acres
Year Built
2026
MLS Number
732050211
30 Days Snapshot Of 97213
$634k
+24%
(avg) sold price
41
+57%
homes sold
22
-70%
(avg) days on market
Snapshot
Area Map
Additional Details
Lot
Size Acres: 0.58, Features: Level, Size Dimensions: Reference Pmaps, Size Range: SqFt20000toAcres1, Size Square Feet: 25,264, Size: 20,000 SqFt to .99 Acres
Property Access
Road Surface Type: Paved
Basement
Basement: CrawlSpace
Building
Building Area Total: 22556, Built in 2026, Storage: None, Stories: 2, Unit Type Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4, UnitTypeType5
Cooling
Cooling: HeatPump, MiniSplit
Disclosures
Disclosures: Exempt
Expenses
Operating Expense: $145,172
Exterior Features
Exterior Description: CementSiding, LapSiding
Foundation
Foundation Details: ConcretePerimeter
Heating
Heating: MiniSplit
Income
CAP Rate: 5.29, Gross Income: $535,563, Gross Rent Multiplier: 13.78, Net Operating Income: $390,392
Miscellaneous
Investor Information: Incomplete
Parking
Features: OnStreet
Property
Number Of Units Total: 16, Property Condition: UnderConstruction, Zoning: R2.5
Roof
Roof: Composition
Security Features
Features: Sidewalk
Sewer
Sewer: PublicSewer
Taxes
Legal Description, Tax Year: 2026
Unit One
Actual Rent: $3,175, Area: 1285, Features: AirConditioning, Dishwasher, Range, WasherDryerHookup, Units Total: 6, 3 total bathrooms, 3 total bedroom
Unit Two
Actual Rent: $3,025, Area: 1156, Features: AirConditioning, Dishwasher, Range, WasherDryerHookup, Units Total: 2, 3 total bathrooms, 3 total bedroom
Unit Three
Actual Rent: $2,925, Area: 1191, Features: AirConditioning, Dishwasher, Range, WasherDryerHookup, Units Total: 2, 3 total bathrooms, 3 total bedroom
Unit Four
Actual Rent: $2,875, Area: 1177, Features: AirConditioning, Dishwasher, Range, WasherDryerHookup, Units Total: 2, 3 total bathrooms, 3 total bedroom
Unit Five
Actual Rent: $2,325, Area: 912, Features: AirConditioning, Dishwasher, Range, WasherDryerHookup, Units Total: 4, 3 total bathrooms, 2 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.