7190 Glisan st - Apartments FOR SALE


Portland, OR 97213
$2,788,888 USD
503-709-4632
7190 Glisan st, Portland, OR for Sale
$2,788,888 USD
Apartments - FOR SALE
1/22
null | 6.27% Cap Rate

7190 Glisan st
Portland, OR 97213


HIGHLIGHTS

  • Stunning 7-unit community
  • Three stories of thoughtfully designed living space
  • Built with exceptional craftsmanship and high-end finishes throughout
  • Premium property ideal for investors or owner-occupants
  • Two units have a fourth bedroom/office space

OVERVIEW

Exceptional Investment Opportunity. This newly constructed 7-unit community is ideally positioned in Portland’s highly desirable Montavilla neighborhood, an area known for its strong rental demand, vibrant local culture, and excellent access to both urban amenities and major employment corridors. The property features a rare and highly sought-after unit mix, with spacious residences ranging from approximately 1,190 to 1,390 square feet across three thoughtfully designed levels. The homes were crafted by a multi-year Street of Dreams builder and Builder of the Year award winner by the Home Building Association, reflecting a high level of quality, durability, and long-term appeal. Two units include a flexible ground-floor space well suited for a home office or potential fourth bedroom, catering to today’s work-from-home and multi-use living preferences, while the remaining five units offer efficient and in-demand three-bedroom layouts. All residences feature 2.5 bathrooms and modern, low-maintenance design elements that appeal strongly to long-term tenants. Montavilla continues to stand out as a tenant-favorite neighborhood due to its walkable commercial core, strong community identity, and convenient access to downtown Portland, the Central Eastside, and I-84. Nearby amenities include Montavilla Brew Works, Roscoe’s, Academy Theater, and a variety of local coffee shops, restaurants, and neighborhood services along SE Stark Street. Residents also enjoy close proximity to Montavilla Park, providing green space and outdoor recreation just minutes from home. This combination of new construction, larger unit sizes, flexible layouts, and a proven rental location is seldom found in today’s market. A compelling opportunity for investors seeking durable construction, strong tenant appeal, and long-term income stability in one of Northeast Portland’s most consistently desirable neighborhoods.

FOR SALE DETAILS

PRICE

$2,788,888 USD

PRICE/SF

$100 USD /SF

# OF UNITS

7

PRICE/UNIT

$398,413

CAP RATE

6.27%

% LEASED

0%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

7 Unit New Construction Investment Opp

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2025

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,356 SF

ZONING

CM2

APN/PARCEL ID

R219500

ASK ABOUT THIS PROPERTY

Darryl Bodle IIKeller Williams CommercialMore Info
503-709-4632

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Darryl Bodle IIKeller Williams CommercialMore Info
503-709-4632

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.