11 NE 55th Ave, Portland, OR 97213

$3,049,900
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Property Description

Exceptional investment opportunity in Portland's coveted North Tabor neighborhood. This newly constructed 16-unit apartment building, completed 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.

11 NE 55th Ave | MLS# 619792928

This multi-family property located at 11 NE 55th Ave, Portland, OR 97213 is currently listed for sale with an asking price of $3,049,900. Search Portland real estate on daniellegates.bendpremierrealestate.com today.

Property Features

Property Type: Multi Unit - Multiple
Fuel Type: Electricity
Heating: WallHeater
Stories: 3.0
Year Built: 2025
Square Feet: 9,647

Units

Unit Type 1:
Bathroom(s): 1
Features: Dishwasher, Microwave, Range, Refrigerator
Rent: $975.00
Square Footage: 265
Total Units: 2
Unit Type 2:
Bathroom(s): 1
Bedrooms: 1
Features: Dishwasher, Microwave, Range, Refrigerator
Rent: $1225.00
Square Footage: 399
Total Units: 4
Unit Type 3:
Bathroom(s): 1
Bedrooms: 1
Features: Dishwasher, Microwave, Range, Refrigerator
Rent: $1475.00
Square Footage: 556
Total Units: 2
Unit Type 4:
Bathroom(s): 1
Bedrooms: 1
Features: Dishwasher, Microwave, Range, Refrigerator
Rent: $1325.00
Square Footage: 486
Total Units: 4
Unit Type 5:
Bathroom(s): 1
Bedrooms: 1
Features: Dishwasher, Microwave, Range, Refrigerator
Rent: $1450.00
Square Footage: 576
Total Units: 1
Unit Type 6:
Bathroom(s): 1
Bedrooms: 1
Features: Dishwasher, Microwave, Range, Refrigerator
Rent: $1425.00
Square Footage: 466
Total Units: 1
Unit Type 7:
Bathroom(s): 1
Bedrooms: 1
Features: Dishwasher, Microwave, Range, Refrigerator
Rent: $1425.00
Square Footage: 564
Total Units: 1
Unit Type 8:
Bathroom(s): 1
Bedrooms: 1
Features: Dishwasher, Microwave, Range, Refrigerator
Rent: $1450.00
Square Footage: 551
Total Units: 1

Feature Descriptions

Days on Site: 454
Exterior: Cement Siding
Gross Income: $256005.00 (Actual)
Hot Water: Electricity
Lot: Level
Net Income: $173288.00 (Actual)
Operating Expenses: $82717.00 (Actual)
Sewer: Public Sewer
Special View Info: Trees/Woods
Units: 16
Water: Public Water

Local Schools

High School: Franklin
Middle School: Mt Tabor
Elementary School: Glencoe

Listed By / Shown By

Listed By

Agency Name: Keller Williams Realty Portland Premiere
Agency Contact: 503-709-4632

Shown By

Agent Name: Danielle Gates Principal Broker
Agent Phone: (541) 921-7130
Agency Title: Bend Premier Real Estate

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Estimated Payment

$ 16,311.51 per month $15,421.95 Principal & Interest $0.00 Property Tax (data not provided by mls) $889.55 Homeowner's Insurance

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