5855 NE Prescott ST Portland, OR 97218
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Price:
$5,424,900
Units:
17
Unit 1:
2 Bed 2.0 Bath $2,175/mo
Features: Air Conditioning, Dishwasher, Range, Washer/Dryer Hookup
Unit 2:
2 Bed 2.0 Bath $1,795/mo
Features: Air Conditioning, Dishwasher, Range, Washer/Dryer Hookup
Unit 3:
2 Bed 2.0 Bath $1,795/mo
Features: Air Conditioning, Dishwasher, Range, Washer/Dryer Hookup
Unit 4:
2 Bed 2.0 Bath $1,800/mo
Features: Air Conditioning, Dishwasher, Range, Washer/Dryer Hookup
Unit 5:
2 Bed 2.0 Bath $1,995/mo
Features: Air Conditioning, Dishwasher, Range, Washer/Dryer Hookup
Unit 6:
2 Bed 3.0 Bath $1,950/mo
Features: Air Conditioning, Dishwasher, Range, Washer/Dryer Hookup
Unit 7:
2 Bed 3.0 Bath $1,950/mo
Features: Air Conditioning, Dishwasher, Range, Washer/Dryer Hookup
Unit 8:
2 Bed 3.0 Bath $1,950/mo
Features: Air Conditioning, Dishwasher, Range, Washer/Dryer Hookup
Unit 9:
2 Bed 3.0 Bath $1,950/mo
Features: Air Conditioning, Dishwasher, Range, Washer/Dryer Hookup
Unit 10:
2 Bed 3.0 Bath $2,050/mo
Features: Air Conditioning, Dishwasher, Range, Washer/Dryer Hookup
Unit 11:
2 Bed 3.0 Bath $2,025/mo
Features: Air Conditioning, Dishwasher, Range, Washer/Dryer Hookup
Unit 12:
2 Bed 3.0 Bath $1,970/mo
Features: Air Conditioning, Dishwasher, Range, Washer/Dryer Hookup
Unit 13:
2 Bed 3.0 Bath $1,970/mo
Features: Air Conditioning, Dishwasher, Range, Washer/Dryer Hookup
Unit 14:
2 Bed 3.0 Bath $1,970/mo
Features: Air Conditioning, Dishwasher, Range, Washer/Dryer Hookup
Unit 15:
2 Bed 3.0 Bath $1,970/mo
Features: Air Conditioning, Dishwasher, Range, Washer/Dryer Hookup
Unit 16:
2 Bed 3.0 Bath $1,995/mo
Features: Air Conditioning, Dishwasher, Range, Washer/Dryer Hookup
Unit 17:
2 Bed 3.0 Bath $1,925/mo
Features: Air Conditioning, Dishwasher, Range, Washer/Dryer Hookup
MLS#:
326159155
Lot Size:
0K to 2,999 SqFt
Type:
Multi
Zone:
CM2
Yr Built:
2025
Taxe/yr:
$0.00
County:
Multnomah
Status:
Active
Levels:
2
Heat:
Mini Split
Nhood/Bldg:
CULLY
Elem:
Rigler
Middle:
Beaumont
High:
Leodis McDaniel
Area:
Portland Northeast
Courtesy of:
Keller Williams Realty Portland Premiere
Remarks:
Investor Opportunity – Newly Built 17-Unit Portland Multifamily Portfolio! An exceptional opportunity to acquire a newly constructed 17-unit multifamily portfolio across three high-performing Portland neighborhoods: Cully, Kenton, and St. Johns. Built between 2023 and 2025, each building showcases modern design with high-end finishes, open layouts, and oversized windows that fill the interiors with natural light. The combination of thoughtful design and new construction ensures lasting tenant appeal and minimal ongoing maintenance. Every unit is individually metered, providing simplified management and reduced operating costs. With the majority of units currently leased and income-producing, investors benefit from immediate cash flow and potential for continued rent growth and appreciation across some of Portland’s most stable rental markets. In Cully, residents enjoy easy access to Tamale Boy, Baerlic Brewing, Coffee Beer, and outdoor spaces such as Khunamokwst Park and the Beaumont Village corridor. Kenton offers a close-knit community anchored by Kenton Park and the Denver Avenue retail district, where tenants frequent Po’Shines Café De La Soul, Mayfly Taproom, and Prince Coffee. St. Johns attracts long-term renters with its riverfront charm and vibrant main street featuring Cathedral Park, StormBreaker Brewing, Great North Coffee, and St. Johns Theater & Pub. This portfolio delivers turnkey performance and operational efficiency; the recent construction offers strong tax depreciation benefits and reduced capital expenditure needs. With stable tenancy, desirable locations, and contemporary design, investors gain both dependable returns and long-term upside potential. Whether held as a complete portfolio or considered individually for strategic flexibility, these assets provide scale, stability, and enduring value in three of Portland’s most in-demand rental neighborhoods.

We’ll get back to you as soon as we’re able. But if you need us sooner, feel free to call Brian at 503-810-2219 with your questions.


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