7574 31st Ave - Apartments FOR SALE


Portland, OR 97219- Multnomah | 
$3,184,300 USD
503-709-4632
7574 31st Ave, Portland, OR for Sale
$3,184,300 USD
Apartments - FOR SALE
1/17
null | 4.69% Cap Rate

7574 31st Ave
Portland, OR 97219
Multnomah


HIGHLIGHTS

  • Seven new construction townhomes across one fourplex and one triplex
  • Seven 2 bedroom, 2.5 bathroom residences totaling 6,760 rentable square feet
  • Efficient two story layouts with no residences above or below
  • Near Multnomah Village, Gabriel Park, OHSU and major Portland routes
  • Vaulted primary bedrooms with private ensuite bathrooms
  • Open concept kitchen, dining and living areas

OVERVIEW

Positioned just outside the heart of Multnomah Village, this newly built 7 unit investment opportunity pairs efficient modern construction with one of Southwest Portland’s most established neighborhood settings. The property is configured as a fourplex and triplex and offers seven 2 bedroom, 2½ bathroom residences totaling approximately 6,760 square feet. Each home features a thoughtfully designed two story floor plan with an open main level connecting the kitchen, dining area, and living room, plus a private patio that extends usable living space outdoors. Upstairs, each residence includes two bedrooms, two full bathrooms, and conveniently located laundry, while energy efficient mini splits provide year round heating and cooling. The consistent unit mix supports straightforward management, while the mix of end and interior units creates natural differentiation across the property. An exceptional 83 Walk Score strengthens long term tenant appeal, with Multnomah Arts Center, Village Coffee, Fat City Cafe, Annie Bloom’s Books, Grand Central Bakery, and the broader collection of shops, dining, services, and neighborhood amenities of Multnomah Village all nearby. The location also provides convenient access to major Southwest Portland transportation corridors and employment centers while retaining the walkability and neighborhood character that continue to attract residents to this area. New construction gives investors the benefit of modern systems, efficient layouts, and reduced near term capital expenditure compared with older multifamily inventory. Every detail reflects the vision of a multi-year Street of Dreams builder, blending elevated design with everyday livability and backing every home with an exceptional warranty. This is how your investment was meant to be.

FOR SALE DETAILS

PRICE

$3,184,300 USD

PRICE/SF

$471 USD /SF

# OF UNITS

6

PRICE/UNIT

$530,717

CAP RATE

4.69%

% LEASED

0%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Multnomah Village 7-Unit Townhome Portfolio

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2026

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

CM1

APN/PARCEL ID

R122952

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.