Church Apartments — Sale in Portland, OR

  • Price: $3.3M
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Portland, OR 97211
  • Year built: 2026

Photos

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Investment Figures

Cap rate
5.58%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

A new-construction investment opportunity in one of Northeast Portland's most desirable rental corridors, this 2026-built eight-plex sits just blocks from Alberta Park, Woodlawn City Park, and Ainsworth — an A+ location that consistently draws strong tenant demand. All eight units are three-level townhomes with two bedrooms and two and a half bathrooms. Interiors are finished to a high standard throughout. Kitchens feature premium appliances, tasteful tile work, and modern cabinetry, while bathrooms carry through with clean, well-considered design. LVP flooring runs throughout the living spaces, and tall ceilings paired with generous windows make each unit feel open, light-filled, and private. The result is a turnkey product that should command strong market rents and minimize early-years maintenance and capital expense. The corner-lot positioning is a meaningful advantage, allowing each unit to have its own private deck or yard space — a feature that supports tenant retention and helps the property stand out among nearby rentals. For investors looking to add a low-maintenance, new-construction asset to a Portland rental portfolio, this eight-plex offers a strong combination of location, quality, and design. Call to arrange a private tour or request additional financials. Please contact listing agent with any questions. Showings to be coordinated with Listing Agent. Lockbox on front door of unit 5587. Rental income is approximated. Buyer to perform all due diligence regarding projected rental cashflow if purchasing for investment purposes. Year Built: 2026 | Listing Type: FOR SALE

Market Context

This multifamily in Portland, OR is listed for sale at $3,280,000. It is offered at an approximate 5.6% capitalization rate, a key benchmark for income-producing multifamily assets. The building dates to 2026. Compare it against other multifamily listings for sale in Portland, OR — view the full market.

As of Q2 2026, the Portland multifamily market showed a 7.1% vacancy rate, average asking rents near $1750.00/unit/mo, and rents up 15.0% year over year. Source: multiple brokerage reports, Q2 2026.

Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Multifamily market FAQ

Is the Portland multifamily market tightening or softening?
Vacancy is around 7.1%, with asking rents rising year over year (Q2 2026).

First seen on CREHunt: Sep 23, 2026

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