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Listed by Keller Williams Realty Portland Premiere • 503-709-4632
$3,179,900
Est. payment /mo
9,647 SqFt
New
11 NE 55TH AVE Portland, OR 97213
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Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 9,647 sqft
Price per Sqft $329
Subdivision North Tabor
MLS Listing ID 619792928
Year Built 2025
Annual Tax Amount $4,359
Tax Year 2024
Lot Size 5,227 Sqft
Property Description
Exceptional investment opportunity in Portland's coveted North Tabor neighborhood. This newly constructed 16-unit apartment building, completed in 2024 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 looking to expand their portfolio. The building features a desirable mix of thoughtfully designed units, allowing for flexible leasing and strong occupancy rates. Stylish, contemporary finishes throughout the interiors and a clean, modern exterior enhance tenant satisfaction and curb appeal. Secure entry and well-maintained common areas contribute to tenant comfort and building integrity. Set in the heart of North Tabor—a neighborhood prized for its close-in convenience, tree-lined streets, and easy access to transit, parks, and vibrant local businesses—this location places tenants near the MAX light rail, Providence Portland Medical Center, and popular spots like Tabor Bread, Coquine, and the Montavilla dining and shopping scene. With a strong Walk Score and bike-friendly streets, this area is ideal for tenants seeking a connected, car-free lifestyle. Enjoy the stability of a high-demand rental location, paired with the ease of a well-executed new build. Don't miss this rare chance to own a premium multifamily asset in one of Portland's most sought-after close-in Eastside neighborhoods.
Location
State OR
County Multnomah
Area _142
Zoning CM2
Interior
Heating Wall Heater
Exterior
View Trees Woods
Garage No
Building
Lot Description Level
Story 3
Sewer Public Sewer
Water Public Water
Level or Stories 3
Schools
Elementary Schools Glencoe
Middle Schools Mt Tabor
High Schools Franklin
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Virtual Tour https://youtu.be/QpknUwX380E
