(541) 550-6129
Sign Up Login
Refine Search

5855 NE Prescott St, Portland, OR 97218

$5,424,900
Matterport Tour Logo Virtual Tour

46 Total Photos [Click to View All]

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 sherihilton.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: 154
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: Sheri Hilton, Broker
Agent Phone: (541) 550-6129
Agency Title: Bend Premier Real Estate

IDX logo

Estimate Your Payment

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

Change Payment Information

%
years/fixed
yearly
yearly (est.)
(Payments are an estimate and may vary by lender)
Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 04/11/2026. The listing information on this page last changed on 04/11/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Sat 04/11/2026 12:23:25 AM EST) or RMLS (last updated Sat 04/11/2026 12:19:19 AM EST) or COAR/MLSCO (last updated Sat 04/11/2026 12:21:23 AM EST). Real estate listings held by brokerage firms other than Bend Premier Real Estate may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.

The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by other brokerage firms are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2026 RMLS, Portland, Oregon. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

Privacy Policy / DMCA Notice / ADA Accessibility

Login to My Homefinder

Pixel