2833 NE 62nd Ave, Portland, OR 97213 | MLS ID 732050211

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Rare opportunity to acquire a newly constructed 16-unit multifamily development in NE Portland, delivered as a cohesive, high-quality rental community with a diversified unit mix and phased completion. The portfolio includes two attached fourplex buildings totaling eight townhouse-style residences and an eight-home detached cottage cluster, offering a rare blend of density, privacy, and long-term durability. The unit mix is renter-driven, featuring two and three bedroom residences with two and a half bathrooms throughout, efficient layouts, and strong separation between living and sleeping areas. Each bedroom includes crown molding with integrated built-in lighting, while main living levels feature built-in elements that add architectural interest and durability beyond typical rental construction. Detached cottages command a rental premium due to increased spacing between homes and enhanced landscaping, while attached townhomes offer private entries, fenced outdoor spaces, and end-unit configurations that support tenant retention. One fourplex on NE Stanton is fully completed, vacant, and move-in ready, providing immediate lease-up or income potential, while the remaining fourplex and cottage homes are under construction, allowing a buyer to step into a partially stabilized asset with a clear path to full completion. All residences are built with modern, energy-efficient systems including high-performance windows, efficient heat pump heating and cooling, energy-efficient water heating, and whole-house ERV ventilation to reduce operating costs and future capital exposure. Street parking only aligns with neighborhood norms while lowering maintenance obligations. This portfolio outperforms typical townhome rentals through its detached cottage premium, superior interior detailing, private outdoor spaces, and new construction efficiency, supporting stronger rents and long-term asset resilience.

Information

Address:
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2833 NE 62nd Ave
Portland, OR 97213

Square Feet: 22556

Area/School Dist: Portland Northeast

MLS ID: 732050211

Status: Active

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Features

Roof Type: Composition
Exterior: Cement Siding, Lap Siding
Parking Notes: OnStreet
Special View Info: Trees/Woods
Lot Size: Reference Pmaps
Lot Dimensions: Reference Pmaps
Heating: Mini Split
Fuel Type: Electricity
Cooling: Heat Pump, MiniSplit
Year Built: 2026
Water: Public Water
Sewer: Public Sewer
Stories: 2.0
Units: 16
Basement: CrawlSpace
Gross Income: $535563.00 (Actual)
Hot Water Description: Electricity
Lot Description: Level
Net Income: $390392.00 (Actual)
Operating Expenses: $145172.00 (Actual)
Parking: OnStreet
Storage: None

Unit Information

Unit Type 1 Information
  Bathroom(s): 3
  Bedrooms: 3
  Features: AirConditioning, Dishwasher, Range, WasherDryerHookup
  Rent: $3175.00
  Square Footage: 1285
  Total Units: 6
Unit Type 2 Information
  Bathroom(s): 3
  Bedrooms: 3
  Features: AirConditioning, Dishwasher, Range, WasherDryerHookup
  Rent: $3025.00
  Square Footage: 1156
  Total Units: 2
Unit Type 3 Information
  Bathroom(s): 3
  Bedrooms: 3
  Features: AirConditioning, Dishwasher, Range, WasherDryerHookup
  Rent: $2925.00
  Square Footage: 1191
  Total Units: 2
Unit Type 4 Information
  Bathroom(s): 3
  Bedrooms: 3
  Features: AirConditioning, Dishwasher, Range, WasherDryerHookup
  Rent: $2875.00
  Square Footage: 1177
  Total Units: 2
Unit Type 5 Information
  Bathroom(s): 3
  Bedrooms: 2
  Features: AirConditioning, Dishwasher, Range, WasherDryerHookup
  Rent: $2325.00
  Square Footage: 912
  Total Units: 4

School Information

High School: Leodis McDaniel
Middle School: Roseway Heights
Elementary School: Rose City Park

Mortgage Information

Agency/Agent Information

Shown By:
  Agency Name: DAT Real Estate Solutions
  Agency Phone: 503-400-7995

Listed By
   Keller Williams Realty Portland Premiere
  Agency Phone: 503-597-2444

DAT Real Estate Solutions
4660 Portland Road, Suite 103 | Salem, Oregon 97305
503.400.7995

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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 04/03/2026. The listing information on this page last changed on 04/03/2026. 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 Fri 04/03/2026 12:01:12 AM EST) or RMLS (last updated Thu 04/02/2026 11:58:28 PM EST) or Willamette Valley MLS (last updated Thu 04/02/2026 11:51:07 PM EST). Real estate listings held by brokerage firms other than DAT Real Estate Solutions 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.

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