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Sarita Dua

OPERATOR | The AskSarita Team | Keller Williams Sunset Corridor

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2938 NE 62nd Ave , Portland, OR 97213
$2,889,900
Est. Payment: $14,530.90/mo
17 Bed
21 Bath
7179 Sqft
Status: active | Days on site: 147
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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House Description

Located in Portland’s desirable Rose City Park neighborhood, this newly constructed 7 unit multifamily offering presents a rare opportunity to acquire a modern, low maintenance asset in a desirable and highly rentable pocket of close in Northeast Portland, with a projected pro forma cap rate of 5.6% at stabilization. All units are vacant, complete, and ready for lease up, giving investors immediate control over tenant placement, rental positioning, and stabilization strategy. The offering includes seven townhouse style residences across two buildings totaling approximately 7,179 square feet. Three end units offer 3 bedrooms, 2.1 bathrooms, and approximately 1,177 square feet each, while four interior units offer 2 bedrooms, 2.1 bathrooms, and approximately 912 square feet each, creating a portfolio total of 17 bedrooms, 14 full bathrooms, and 7 half bathrooms. The mix of two and three bedroom layouts broadens the prospective tenant pool and supports diversified rental demand. Crafted by a local boutique builder known for refined interior detailing, signature illuminated crown molding, architectural built ins, and designer accent walls, each residence combines polished finishes with a functional, tenant friendly layout. High ceilings and open great room living define the main levels, while upstairs laundry near the bedrooms adds everyday convenience. Interior unit bedrooms feature vaulted ceilings, end units benefit from larger private yards, and every residence includes private outdoor space plus energy efficient mini splits for year round heating and cooling. The Rose City Park location supports long term tenant appeal with convenient access to NE Sandy Blvd, the Hollywood District, grocery options, cafes, restaurants, parks, bike routes, and transit. Residents can enjoy nearby coffee, dining, errands, green spaces, and commuting options while living in one of close in Portland’s most established residential neighborhoods.

Highlights

Listed by Darryl Bodle , 503-709-4632 and Kelly Christian , 503-597-2444 Keller Williams Realty Portland Premiere , 503-597-2444. Portland Regional Multiple Listing Service mls logo

Property Type

Multi-Family

Lot/Acreage
0.22

Year Built

2026

County

Multnomah

Area

142 - Portland Northeast

Neighborhood

Rose City Park

Listing ID

204317021

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:17
  • Bathrooms:21
  • Full Bathrooms:21
Air Cond:Heat Pump,MiniSplit
Fireplaces:
Basement:Crawl Space
Other:Public Water

Exterior Features

Lot:Corner Lot,Level
Lot Dimensions:100x100
Garage Capacity:0
Zoning:R2.5
Roof:Composition
Others:New Construction
Sewer:Public Sewer
Parking Features:On Street

Open House

Upcoming Open Houses
Sunday 1:00 pm - 3:00 pm Jul 26
Principal Interest
$14,531
Taxes
$1,842

Home Price

$2,889,900

Loan Details

30 yrs
6.446%

Down Payment

20%
$577,980
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$14,530.90

Principal

Taxes

Principal Taxes HOA Total
Monthly $14,530.90 $1,842.31 $0.00 $16,373.21
Yearly $174,370.80 $22,107.74 $0.00 $196,478.54
Total $5,231,124.14 $663,232.05 $0.00 $5,894,356.19

Today's Rates

30 Year

6.45%

20 Year

6.23%

15 Year

5.73%

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Market insight data is pulled from the same city as the listing being viewed (Portland, OR).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.


The data relating to real estate for sale on this web site comes in part from the Portland Regional Multiple Listing Service. Real estate listings held by brokerage firms other than The AskSarita Team | Keller Williams Sunset Corridor are marked with the IDX logo and detailed information about them includes the name of the listing brokers.

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor technology provider shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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Data last updated: 2026-07-24T03:19:25.000Z

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