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5870 Missouri Ave
Portland, OR 97217
Missouri Modern Townhomes | 2/2.1 ~1015 SqFt · Multifamily Property For Sale
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5 Units
Investment Highlights
- Fully completed, move in ready property with zero deferred maintenance and minimal near term capital expenditure.
- All units feature fenced yards and covered patios, a rare amenity in this product type that supports rent premiums.
- Mini split systems in each unit provide modern comfort and operational efficiency.
- Immediate opportunity to capture current market rents and control tenant selection from day one.
- No units above or below, reducing noise transfer and improving tenant satisfaction and retention.
- Positioned in North Portland’s Humboldt neighborhood near New Seasons, Peninsula Park, and the Mississippi Avenue corridor.
Executive Summary
New construction 5 unit townhouse style asset in North Portland’s highly desirable Humboldt neighborhood, offering a fully completed, move in ready multifamily property that is vacant and ready for lease up with strong rental appeal. Each of the five units is thoughtfully designed with a 2 bedroom, 2.1 bathroom layout across ~1015 SqFt, providing functional separation, privacy, and broad tenant appeal. The townhouse style configuration eliminates units above or below, reducing noise transfer and supporting long term tenant retention. All units feature open concept main levels with modern finishes, including custom cabinetry, stainless steel appliances, solid surface countertops, peninsula kitchens with eat bars, and durable, low maintenance materials throughout. Each unit is equipped with energy efficient mini split heating and cooling, supporting tenant controlled comfort and reduced owner maintenance. Designed with long term performance in mind, every unit includes a private fenced yard and covered patio, highly desirable features that support rent premiums and tenant satisfaction. The end unit benefits from a larger yard and additional natural light, while the front unit offers convenient proximity to street parking, creating natural rent differentiation across the unit mix. New construction significantly limits near term capital expenditures, providing investors with a clean, turnkey asset positioned for immediate lease up and stable cash flow. Located in close proximity to New Seasons Market, Peninsula Park, and the vibrant Mississippi Avenue corridor, the property benefits from strong tenant demand driven by access to amenities, employment centers, and transportation options.
Property Facts
| Price Per Unit | $504,133 CAD | Lot Size | 0.11 AC |
| Sale Type | Investment | Building Size | 5,071 SF |
| Cap Rate | 5.82% | Average Occupancy | 0% |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2025 |
| Apartment Style | Townhome | ||
| Zoning | RM2 | ||
| Price Per Unit | $504,133 CAD |
| Sale Type | Investment |
| Cap Rate | 5.82% |
| No. Units | 5 |
| Property Type | Multifamily |
| Apartment Style | Townhome |
| Lot Size | 0.11 AC |
| Building Size | 5,071 SF |
| Average Occupancy | 0% |
| No. Stories | 2 |
| Year Built | 2025 |
| Zoning | RM2 |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Dishwasher
- Disposal
- Washer/Dryer Hookup
- Heating
- Ice Maker
- Stainless Steel Appliances
- Range
- Yard
- Double Pane Windows
- Island Kitchen
- Patio
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2.5 | 5 | $3,305 CAD | 1,014 - 1,015 |
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