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$5,424,900

20 Beds 26 Baths 13,521 SQFT 0.00 Acres
Type: Multi-Family

5855 NE Prescott ST
Portland, OR 97218

MLS#: 326159155
Vince Onstad
Vince Onstad
Premiere Property Group
Broker
Phone: 503.887.1744
Office: 971.271.8932
Presented by: Keller Williams Realty Portland Premiere - 503-709-4632

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 Café 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.


 

Interior Features

Bedrooms

Unit 1 Beds Total2
Unit 10 Beds Total2
Unit 2 Beds Total2
Unit 3 Beds Total2
Unit 4 Beds Total2
Unit 5 Beds Total2
Unit 6 Beds Total2
Unit 7 Beds Total2
Unit 8 Beds Total2
Unit 9 Beds Total2

Bathrooms

UnitType10BathsTotal3
UnitType5BathsTotal3
UnitType6BathsTotal3
UnitType7BathsTotal3
UnitType8BathsTotal3
UnitType9BathsTotal3
Unit 1 Baths Total2
Unit 2 Baths Total2
Unit 3 Baths Total2
Unit 4 Baths Total2

Other Interior Features

UnitType10ActualRent1925
UnitType10FeaturesAirConditioning, Dishwasher, Range, WasherDryerHookup
UnitType10UnitsTotal1
UnitType1ActualRent2175
UnitType1FeaturesAirConditioning, Dishwasher, Range, WasherDryerHookup
UnitType1UnitsTotal1
UnitType2ActualRent1795
UnitType2FeaturesAirConditioning, Dishwasher, Range, WasherDryerHookup
UnitType2UnitsTotal2
UnitType3ActualRent1800
UnitType3FeaturesAirConditioning, Dishwasher, Range, WasherDryerHookup
UnitType3UnitsTotal1
UnitType4ActualRent1995
UnitType4FeaturesAirConditioning, Dishwasher, Range, WasherDryerHookup
UnitType4UnitsTotal1
UnitType5ActualRent1950
UnitType5FeaturesAirConditioning, Dishwasher, Range, WasherDryerHookup
UnitType5UnitsTotal4
UnitType6ActualRent2050
UnitType6FeaturesAirConditioning, Dishwasher, Range, WasherDryerHookup
UnitType6UnitsTotal1
UnitType7ActualRent2025
UnitType7FeaturesAirConditioning, Dishwasher, Range, WasherDryerHookup
UnitType7UnitsTotal1
UnitType8ActualRent1970
UnitType8FeaturesAirConditioning, Dishwasher, Range, WasherDryerHookup
UnitType8UnitsTotal4
UnitType9ActualRent1995
UnitType9FeaturesAirConditioning, Dishwasher, Range, WasherDryerHookup
UnitType9UnitsTotal1
FuelDescriptionElectricity
BasementCrawlSpace
Hot WaterElectricity
StorageNone
Unit TypeUnitTypeType1, UnitTypeType10, UnitTypeType2, UnitTypeType3, UnitTypeType4, UnitTypeType5, UnitTypeType6, UnitTypeType7, UnitTypeType8, UnitTypeType9

General

Accessory Dwelling Unit Y/NN
AttributionContact503-709-4632
CityPortland
CoolingMiniSplit
CountyMultnomah
DirectionsNE Cully Blvd to NE Prescott St
DisclosuresExempt
Elementary SchoolRigler
Garage Spaces0
Gross Income25640.0
HOANo
HeatingMiniSplit
High SchoolLeodis McDaniel
Legal DescriptionTBD
Listing TermsCash, Conventional
MLS Area_142
Middle/Junior High SchoolBeaumont
Net Operating Income0
Number Of Units Total17
Operating Expense0
Parcel Number0
Property ConditionNewConstruction
Property TypeMultiFamily
Rent IncludesNone
RoofComposition
SewerPublicSewer
Standard StatusActive
StatusActive
Stories Count2
Subdivision NameCULLY
Tax Annual Amount$0
Tax Year2025
Virtual TourClick here
Year Built2025
ZoningCM2

Exterior

Building Area Total13,521 sqft
Exterior DescriptionCementSiding, LapSiding
Foundation DetailsConcretePerimeter
Parking FeaturesOnStreet
Road Surface TypePaved
Total Parking0
Water SourcePublicWater

Additional Details

Price History

Schools 

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

  

Similar Properties

$5,424,900

20 Beds 26 Baths 13,521 SQFT 0.00 Acres
Type: Multi-Family

5855 NE Prescott ST
Portland, OR 97218

MLS#: 326159155
Vince Onstad
Vince Onstad
Premiere Property Group
Broker
Phone: 503.887.1744
Office: 971.271.8932