2833 NE 62nd AVE, Portland, OR 97213
- $7,849,900
- 20,230
- SqFt
- List Price
- $7,849,900
- Price Change
- ▼ $228,300 1779318012
- Days on Market
- 169
- MLS#
- 732050211
- Property Type
- Multifamily
- Sqft. of Residence
- 20,230
- Lot Size
- 20, 000 SqFt to .99 Acres
- Region
- Portland Northeast
- Status
- ACTIVE
Property Description
Rare opportunity to acquire a newly constructed 18 unit multifamily development in sought after Rose City Park, offering a diversified unit mix, immediate lease up potential, and projected 5.65% cap rate at stabilization. All homes are complete, vacant, and ready for investor controlled tenant placement. The portfolio combines an eight home detached cottage cluster with ten attached townhouse style residences, balancing density, privacy, and durability. Crafted by a local boutique builder known for refined interior detailing, signature illuminated crown molding, architectural built ins, and designer accent walls, the development stands apart from typical rental construction. The tenant focused mix includes two and three bedroom residences with 2.5 bathrooms, efficient layouts, and clear separation between main living areas and upstairs sleeping spaces. Two cottages also provide a main floor fourth bedroom or office, expanding flexibility for different renter needs. Each bedroom features crown molding with integrated lighting, while built ins throughout the main living levels add storage, architectural interest, and lasting function. Detached cottages may command a rental premium through increased separation and enhanced landscaping, while attached residences offer private entries, fenced outdoor spaces, and end unit configurations that support tenant retention. High performance windows and efficient heat pump heating and cooling contribute to year round comfort while helping control operating costs. The Rose City Park location offers access to Rose City Park, Normandale Park, Rose City Golf Course, the Hollywood District, Beaumont Village, NE Sandy dining and coffee, grocery options, transit, and I-84 connections. With its combination of detached cottage premiums, polished interiors, private outdoor spaces, efficient systems, and established close in location, this portfolio is positioned to outperform typical attached townhome rentals.
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Additional Information
- Year Built
- 2026
- High School
- Leodis McDaniel
- Elementary School
- Rose City Park
- Middle School
- Roseway Heights
- Acres
- 0.58
- Living Area
- 20,230
- Stories
- 2
- Subdivision
- ROSE CITY PARK
- Lot Size Dimension
- Reference Pmaps
- Terms
- Cash, Conventional
- Cooling Description
- Heat Pump, Mini Split
- Fuel Description
- Electricity
- Heating Description
- Mini Split
- Hoa Rent Includes
- None
- Hot Water Description
- Electricity, Tank
- Exterior Description
- Cement Siding, Lap Siding
- Roof Type
- Composition
- Sewer Description
- Public Sewer
- View
- Trees/Woods
- Parking
- On Street
- Security Or Entry
- Sidewalk
- Parking Description
- On Street
- Road Surface
- Paved
- Number Of Units Total
- 18
- Unit Type One Baths Total
- 3
- Unit Type One Beds Total
- 3
- Unit Type One Rent
- 3175
- Unit Type One Sq Ft
- 1285
- Unit Type One Units Total
- 6
- Unit Type Two Baths Total
- 3
- Unit Type Two Beds Total
- 3
- Unit Type Two Units Total
- 2
- Unit Type Three Baths Total
- 3
- Unit Type Three Beds Total
- 3
- Unit Type Three Rent
- 2925
- Unit Type Three Sq Ft
- 1191
- Unit Type Three Units Total
- 2
- Unit Type Four Baths Total
- 3
- Unit Type Four Beds Total
- 2
- Unit Type Four Rent
- 2875
- Unit Type Four Sq Ft
- 1177
- Unit Type Four Units Total
- 2
- Unit Type Five Rent
- 2325
- Unit Type Five Sq Ft
- 912
- Unit Type Five Units Total
- 6
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Listing courtesy of Keller Williams Realty Portland Premiere.
The content relating to real estate for sale on this site comes in part from the IDX program of the RMLS of Portland, Oregon. Real Estate listings held by brokerage firms other than this firm are marked with the RMLS logo, and detailed information about these properties include the name of the listing's broker. Listing content is copyright © 2026 RMLS of Portland, Oregon. All information provided is deemed reliable but is not guaranteed and should be independently verified. 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.