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1873 Tacoma st
Portland, OR 97202
6 Unit New Construction Investment Opp · Multifamily Property For Sale · 6 Units

Investment Highlights

  • Brand New 6 Unit Construction | Never occupied asset offering immediate lease up with zero deferred maintenance or renovation risk
  • Private Fenced Yards for Every Unit | Rare feature that enhances tenant appeal, supports rent premiums, and drives long term occupancy
  • Energy Efficient Mini Split Systems | Low operating costs with modern heating and cooling in every unit
  • Strong Unit Mix: 2 Bed / 2.1 Bath Homes | Highly desirable layouts ideal for roommate style living, maximizing rent potential and tenant retention
  • Gated Rear Units for Added Security | Controlled access provides increased privacy and peace of mind, enhancing tenant desirability
  • Low Maintenance, New Construction Asset | Modern systems and quality construction minimize near term capital expenditures

Executive Summary

This brand new 6 plex presents a rare opportunity to acquire a never occupied, turnkey multi family asset in Portland’s desirable Arbor Lodge neighborhood. All six units are fully complete and ready for immediate lease up, offering a clean path to stabilized income without renovation or downtime. Each unit is thoughtfully designed with a private fenced yard and patio, dedicated laundry, and efficient layouts that support long term tenant retention. Utilities are individually metered, allowing for clean expense management and reduced owner overhead. The unit mix offers additional leasing flexibility and rent differentiation, with the front two units positioned along the street featuring enhanced natural light, more open layouts, and proximity to on street parking. The interior units provide efficient use of space, while the rear unit benefits from a larger yard area and increased separation from street activity, offering a quieter environment that supports premium positioning. The rear units are secured behind a gated entry, providing an added layer of privacy and peace of mind for tenants. Designed and built with a focus on durability and efficiency, the property features modern systems and quality construction that help minimize near term capital expenditures. The 2 bedroom, 2.1 bathroom layouts provide strong rental appeal, particularly for roommate style living and tenants seeking separation of space. Located in the Arbor Lodge neighborhood, the property benefits from close proximity to Arbor Lodge Park, local dining and coffee shops, boutique retail, and convenient access to public transit including nearby MAX light rail and bus lines. This combination of product quality, location, and tenant friendly features positions the asset for strong lease up and long term performance. A compelling opportunity for investors seeking a low maintenance, newly built asset with immediate income potential and long term appreciation in one of North Portland’s established rental corridors.

Property Facts

Price Per Unit $522,861 CAD
Sale Type Investment
Cap Rate 5.17%
No. Units 6
Property Type Multifamily
Property Subtype Apartment
Apartment Style Townhome
Building Class B
Lot Size 0.12 AC
Building Size 5,476 SF
Average Occupancy 0%
No. Stories 2
Year Built 2025
Zoning RM2

Amenities

Unit Amenities

  • Air Conditioning
  • Dishwasher
  • Disposal
  • Washer/Dryer Hookup
  • Heating
  • Kitchen
  • Ice Maker
  • Stainless Steel Appliances
  • Range
  • Yard
  • Patio

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+2.5 6 $3,117 CAD 898 - 950

Property Taxes

Property Taxes

Parcel Number
R267799
Land Assessment
$123,190 CAD
Improvements Assessment
$0 CAD
Total Assessment
$123,190 CAD
  • Listing ID: 39085002

  • Date on Market: 2026-01-14

  • Last Updated:

  • Address: 1873 Tacoma st, Portland, OR 97202

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