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Listed by Keller Williams Realty Portland Premiere • 503-709-4632

$1,749,900

Est. payment - /mo

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5,071 SqFt

Price Dropped by $90K

5870 N MISSOURI AVE Portland, OR 97217

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Tommy Jedrzejczyk

tommy@tltre.com +1(503) 506-4646

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,071 sqft

Price per Sqft $345

Subdivision Humboldt

MLS Listing ID 456565351

Year Built 2025

Tax Year 2025

Lot Size 4,791 Sqft

Property Description

New construction 5 unit townhouse style asset in North Portland's highly desirable Humboldt neighborhood, offering a fully completed, move in ready multifamily property that is vacant and ready for lease up with strong rental appeal. Each of the five units is thoughtfully designed with a 2 bedroom, 2.1 bathroom layout across ~1015 SqFt, providing functional separation, privacy, and broad tenant appeal. The townhouse style configuration eliminates units above or below, reducing noise transfer and supporting long term tenant retention. All units feature open concept main levels with modern finishes, including custom cabinetry, stainless steel appliances, solid surface countertops, peninsula kitchens with eat bars, and durable, low maintenance materials throughout. Each unit is equipped with energy efficient mini split heating and cooling, supporting tenant controlled comfort and reduced owner maintenance. Designed with long term performance in mind, every unit includes a private fenced yard and covered patio, highly desirable features that support rent premiums and tenant satisfaction. The end unit benefits from a larger yard and additional natural light, while the front unit offers convenient proximity to street parking, creating natural rent differentiation across the unit mix. New construction significantly limits near term capital expenditures, providing investors with a clean, turnkey asset positioned for immediate lease up and stable cash flow. Located in close proximity to New Seasons Market, Peninsula Park, and the vibrant Mississippi Avenue corridor, the property benefits from strong tenant demand driven by access to amenities, employment centers, and transportation options.

Location

State OR

County Multnomah

Area _141

Zoning RM2

Interior

Heating Mini Split

Cooling Heat Pump, Mini Split

Exterior

View Trees Woods

Roof Type Composition

Garage No

Building

Lot Description Level, Public Road

Story 2

Sewer Public Sewer

Water Public Water

Level or Stories 2

Schools

Elementary Schools Beach

Middle Schools Ockley Green

High Schools Roosevelt

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Virtual Tour https://www.youtube.com/watch?v=mXXKNF4Yjow

Regional Multiple Listing Service (RMLS)

NEARBY SCHOOL & BUSINESS

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