7560 Emerald AvePortland, OR 97217

This exceptional investment opportunity presents eleven brand-new, two-story apartment units in a desirable Portland, Oregon location. Situated on a 10,000 square foot lot, this two-building complex boasts a total of 9,148 square feet of living space, with each unit offering 819-836 square feet of thoughtfully designed living area. The units feature superior quality finishes, including open-concept floor plans, lofty ceilings, hard surface flooring, modern kitchens with slab counters and stainless steel appliances, and in-unit washer/dryer hookups. Exterior amenities include patio space, bike parking, and tasteful landscaping. Currently, 99% of the building is complete and 85% of the units are leased. Built in 2021, the property benefits from a builder's warranty and a 15-year rent control exemption. This prime location in North Portland offers easy access to the University of Portland, parks, shops, and public transportation. A unique aspect of this offering is the possibility to acquire additional buildings and units, expanding the investment to a total of 22 or 33 units across 2-6 buildings. The asking price is $3,999,900, representing a price per unit of $363,627.27 and a price per square foot of $437.24. This is a rare chance to acquire a high-quality, nearly fully leased multifamily property in a thriving Portland neighborhood.