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$3,280,000
New Listing

5587 NE 7th AVE
Portland, OR 97211

For Sale|Multi Family|Active
2
Beds
3
Total Baths
2026
Built
County:
Multnomah
Listing courtesy of Lake Shovoly of Keller Williams Realty Portland Premiere (503) 704-0919
Call Now: 503-974-1444
Is this the listing for you? We can help make it yours.
503-974-1444
5587 NE 7th AVE5587 NE 7th AVE5587 NE 7th AVE5587 NE 7th AVE
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A new-construction investment opportunity in one of Northeast Portland's most desirable rental corridors, this 2026-built eight-plex sits just blocks from Alberta Park, Woodlawn City Park, and Ainsworth — an A+ location that consistently draws strong tenant demand. All eight units are three-level townhomes with two bedrooms and two and a half bathrooms. Interiors are finished to a high standard throughout. Kitchens feature premium appliances, tasteful tile work, and modern cabinetry, while bathrooms carry through with clean, well-considered design. LVP flooring runs throughout the living spaces, and tall ceilings paired with generous windows make each unit feel open, light-filled, and private. The result is a turnkey product that should command strong market rents and minimize early-years maintenance and capital expense. The corner-lot positioning is a meaningful advantage, allowing each unit to have its own private deck or yard space — a feature that supports tenant retention and helps the property stand out among nearby rentals. For investors looking to add a low-maintenance, new-construction asset to a Portland rental portfolio, this eight-plex offers a strong combination of location, quality, and design. Call to arrange a private tour or request additional financials.

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Listing Snapshot
Price 
$3,280,000
Days On Site 
0 Days
Bedrooms 
2
Inside Area (SqFt) 
N/A
Total Baths 
3
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.1 Acres
Year Built 
2026
MLS® Number 
745845628
Status 
Active
Property Tax 
$1,742.26
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
6 hours agoListing updated with changes from the MLS®
19 hours agoListing first seen on site
General Features
Acres 
0.1
Foundation 
Concrete Perimeter
Parking 
On Street
Property Condition 
New Construction
Property Sub Type 
Multi Family
Sewer 
Public Sewer
Zoning 
CM2
Interior Features
Basement 
Crawl Space
Cooling 
Heating 
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Exterior Features
Lot Features 
Corner LotLevel
Roof 
Shingle
Community Features
Financing Terms Available 
CashConventional
MLS Area 
_142
Roads 
Paved
Schools
School District
Unknown
Elementary School
MartinL King Jr
Middle School
Harriet Tubman
High School
Jefferson
Listing courtesy of Lake Shovoly of Keller Williams Realty Portland Premiere (503) 704-0919



The content relating to real estate for sale on this website comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Keller Williams Realty Portland Premiere are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is Copyright © 2026 RMLS™, Portland, Oregon. Some properties which appear for sale on this website may subsequently have sold or may no longer be available.

Last checked 2026-06-09 06:14 AM PDT.

All information provided is deemed reliable but is not guaranteed and should be independently verified

K

Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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