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5855 NE Prescott St, Portland, OR 97218

$5,424,900
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Property Description

Investor Opportunity - Newly Built 17-Unit Portland Multifamily Portfolio! An exceptional opportunity to acquire a newly constructed 17-unit multifamily portfolio across three high-performing Portland neighborhoods: Cully, Kenton, and St. Johns. Built between 2023 and 2025, each building showcases modern design with high-end finishes, open layouts, and oversized windows that fill the interiors with natural light. The combination of thoughtful design and new construction ensures lasting tenant appeal and minimal ongoing maintenance. Every unit is individually metered, providing simplified management and reduced operating costs. With the majority of units currently leased and income-producing, investors benefit from immediate cash flow and potential for continued rent growth and appreciation across some of Portland's most stable rental markets. In Cully, residents enjoy easy access to Tamale Boy, Baerlic Brewing, Coffee Beer, and outdoor spaces such as Khunamokwst Park and the Beaumont Village corridor. Kenton offers a close-knit community anchored by Kenton Park and the Denver Avenue retail district, where tenants frequent Po'Shines Caf? De La Soul, Mayfly Taproom, and Prince Coffee. St. Johns attracts long-term renters with its riverfront charm and vibrant main street featuring Cathedral Park, StormBreaker Brewing, Great North Coffee, and St. Johns Theater & Pub. This portfolio delivers turnkey performance and operational efficiency; the recent construction offers strong tax depreciation benefits and reduced capital expenditure needs. With stable tenancy, desirable locations, and contemporary design, investors gain both dependable returns and long-term upside potential. Whether held as a complete portfolio or considered individually for strategic flexibility, these assets provide scale, stability, and enduring value in three of Portland's most in-demand rental neighborhoods.

5855 NE Prescott St | MLS# 326159155

This multi-family property located at 5855 NE Prescott St, Portland, OR 97218 is currently listed for sale with an asking price of $5,424,900. Search Portland real estate on daniellegates.bendpremierrealestate.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: CrawlSpace
Cooling: MiniSplit
Fuel Type: Electricity
Heating: Mini Split
Roof Type: Composition
Stories: 2.0
Year Built: 2025
Square Feet: 13,521

Units

Unit Type 1:
Bathroom(s): 2
Bedrooms: 2
Features: AirConditioning, Dishwasher, Range, WasherDryerHookup
Rent: $2175.00
Square Footage: 855
Total Units: 1
Unit Type 2:
Bathroom(s): 2
Bedrooms: 2
Features: AirConditioning, Dishwasher, Range, WasherDryerHookup
Rent: $1795.00
Square Footage: 855
Total Units: 2
Unit Type 3:
Bathroom(s): 2
Bedrooms: 2
Features: AirConditioning, Dishwasher, Range, WasherDryerHookup
Rent: $1800.00
Square Footage: 691
Total Units: 1
Unit Type 4:
Bathroom(s): 2
Bedrooms: 2
Features: AirConditioning, Dishwasher, Range, WasherDryerHookup
Rent: $1995.00
Square Footage: 855
Total Units: 1
Unit Type 5:
Bathroom(s): 3
Bedrooms: 2
Features: AirConditioning, Dishwasher, Range, WasherDryerHookup
Rent: $1950.00
Square Footage: 888
Total Units: 4
Unit Type 6:
Bathroom(s): 3
Bedrooms: 2
Features: AirConditioning, Dishwasher, Range, WasherDryerHookup
Rent: $2050.00
Square Footage: 940
Total Units: 1
Unit Type 7:
Bathroom(s): 3
Bedrooms: 2
Features: AirConditioning, Dishwasher, Range, WasherDryerHookup
Rent: $2025.00
Square Footage: 1023
Total Units: 1
Unit Type 8:
Bathroom(s): 3
Bedrooms: 2
Features: AirConditioning, Dishwasher, Range, WasherDryerHookup
Rent: $1970.00
Square Footage: 933
Total Units: 4
Unit Type 9:
Bathroom(s): 3
Bedrooms: 2
Features: AirConditioning, Dishwasher, Range, WasherDryerHookup
Rent: $1995.00
Square Footage: 939
Total Units: 1
Unit Type 10:
Bathroom(s): 3
Bedrooms: 2
Features: AirConditioning, Dishwasher, Range, WasherDryerHookup
Rent: $1925.00
Square Footage: 855
Total Units: 1

Feature Descriptions

Days on Site: 163
Exterior: Cement Siding, Lap Siding
Gross Income: $25640.00 (Actual)
Hot Water: Electricity
Parking: OnStreet
Parking Notes: OnStreet
Sewer: Public Sewer
Storage: None
Units: 17
Water: Public Water

Local Schools

High School: Leodis McDaniel
Middle School: Beaumont
Elementary School: Rigler

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

$ 29,013.51 per month $27,431.25 Principal & Interest $0.00 Property Tax (data not provided by mls) $1,582.26 Homeowner's Insurance

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