11 NE 55th Ave, Portland, OR 97213

$3,349,900
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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 $3,349,900. Search Portland real estate on daniellegates.bendpremierrealestate.com today.

Property Features

Property Type: Multi Unit - Multiple
Fuel Type: Electricity
Heating: WallHeater
Stories: 3.0
Taxes: $4,359
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: 256
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

$ 18,279.22 per month $16,938.92 Principal & Interest $363.25 Property Tax $977.05 Homeowner's Insurance

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