2938 NE 62nd Ave, Portland, OR 97213

Portland
Local realty services provided by:Better Homes and Gardens Real Estate Realty Partners
2938 NE 62nd Ave,Portland, OR 97213
$2,889,900
  • - Beds
  • - Baths
  • 7,179 sq. ft.
  • Multi-family
  • Active
Listed by: darryl bodle, kelly christian
Office: keller williams realty portland premiere503-597-2444
MLS#:204317021
Source:PORTLAND

Price summary

  • Price:$2,889,900
  • Price per sq. ft.:$402.55

About this home

Located in Portland’s desirable Rose City Park neighborhood, this newly constructed 7 unit multifamily offering presents a rare opportunity to acquire a modern, low maintenance asset in a highly rentable close in NE location with a projected pro forma cap rate of 5.6% at stabilization. All units are vacant, complete, and ready for lease up, giving investors immediate control over tenant placement, rental positioning, and stabilization strategy. The offering includes seven townhouse style residences across two buildings totaling ~7,179 square feet, with three end units configured as 3 bedrooms and 2.1 bathrooms at ~1,177 square feet each, and four interior units configured as 2 bedrooms and 2.1 bathrooms at ~912 square feet each. In total, the portfolio offers 17 bedrooms, 14 full bathrooms, and 7 half bathrooms. Each residence includes private outdoor space and energy efficient mini split systems for year round heating and cooling. The property was designed and developed by a local...

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Home facts

  • Year built:2026
  • Listing ID #:204317021
  • Added:102 day(s) ago
  • Updated:June 09, 2026 at 11:15 AM

Rooms and interior

  • Basement Description:Crawl Space
  • Living area:7,179 sq. ft.

Heating and cooling

  • Cooling:Heat Pump
  • Heating:Heat Pump, Mini Split

Structure and exterior

  • Roof:Composition
  • Year built:2026
  • Building area:7,179 sq. ft.
  • Lot area:0.22 Acres
  • Lot Features:Corner Lot, Level
  • Foundation Description:Concrete Perimeter, Stem Wall
  • Levels:2 Stories

Schools

  • High school:Leodis McDaniel
  • Middle school:Roseway Heights
  • Elementary school:Rose City Park

Utilities

  • Water:Public Water
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$2,889,900
  • Price per sq. ft.:$402.55

Parking

  • Parking description:On street
MLS LogoAll information provided is deemed reliable but is not guaranteed and should be independently verified. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland Oregon. Real estate listings held by brokerage firms other than Better Homes and Gardens Real Estate Realty Partners are marked with the RMLS logo and detailed information about these properties includes the names of the listing brokers. Copyright 2026 RMLS, Portland, Oregon. Last updated: June 9, 2026

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