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Listed by Keller Williams Realty Portland Premiere • 503-709-4632
$ 1,899,000
Est. payment /mo
Active
7206 N SAINT LOUIS AVE Portland, OR 97203
4,416 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,416 sqft
Price per Sqft $430
Subdivision Cathedral Park
MLS Listing ID 22390670
Year Built 2022
Annual Tax Amount $16,511
Tax Year 2025
Lot Size 4,791 Sqft
Property Description
Fully leased, income-producing 7-unit multifamily asset in North Portland, well suited for a 1031 exchange buyer seeking stable cash flow, diversified unit mix, and modern construction in a single acquisition. The property includes six newer-construction condominium residences plus a detached single-family home, offering multiple income streams and reduced operational concentration risk. The newer units feature efficient, renter-driven open-concept layouts with contemporary finishes, solid surface countertops, modern cabinetry, and neutral design selections that support strong leasing performance and long-term tenant retention. Unit mix ranges from studio to three-bedroom residences, allowing exposure to a broad tenant base and resilience across market cycles. The detached two-bedroom home includes a basement providing substantial storage and functional flexibility, enhancing tenant usability and operational convenience. The property is fully occupied, allowing an investor to step directly into stabilized income with no lease-up exposure. Located near the Cathedral Park neighborhood, one of North Portland's most recognizable and tenant-favored areas, known for its riverfront setting beneath the iconic St. Johns Bridge, expansive green space, community events, and strong neighborhood identity that consistently drives rental demand. The location offers approximately 1.5 miles to Cathedral Park itself, under 1 mile to Pier Park and Columbia Park, and convenient access to dining, neighborhood retail, and services along N Lombard Street within roughly 0.75 miles. A 94 Bike Score and 91 Walk Score, nearby transit options, and proximity to employment centers and outdoor amenities further support long-term tenant appeal and durable rental performance. A rare opportunity to acquire a turnkey, stabilized multifamily investment combining modern construction, diversified income, and one of North Portland's most sought-after neighborhood settings in a single cohesive package.
Location
State OR
County Multnomah
Area _141
Zoning RM2
Interior
Heating Zoned
Cooling Other
Exterior
Roof Type Composition
Garage No
Building
Lot Description Corner Lot
Story 3
Sewer Public Sewer
Water Public Water
Level or Stories 3
Schools
Elementary Schools James John
Middle Schools George
High Schools Roosevelt
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
