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6216 N Kerby Ave
Portland, OR 97217
Peninsula Park New Construction 4-Plex · Multifamily Property For Sale
·
4 Units


Investment Highlights
- New construction 4-plex directly across from 16-acre Peninsula Park
- Two 3 bed / 2½ bath front homes and two 2 bed / 2½ bath rear homes
- Rear homes feature fenced yard spaces and off street parking
- Four modern townhome style homes totaling ~3,936 SF
- Front homes feature exceptionally large front yards rarely seen with Portland new construction
- Efficient mini-splits for year round heating and cooling
Executive Summary
Positioned directly across from 16-acre Peninsula Park, this new North Portland 4-plex offers a rare park front setting unlike anything else in Portland. Tucked beneath tall trees along N Rosa Parks Way, Peninsula Park is a Piedmont gem and community oasis full of history, emerald lawns, year round beauty, and numerous recreation options. Designed and developed by a local boutique builder renowned for their accent walls, extensive built-ins and integrated lighting throughout, this property combines thoughtful design and efficient layouts in an iconic park front setting. The property includes two spacious 3 bedroom, 2½ bathroom front homes and two 2 bedroom, 2½ bathroom rear homes. Each home opens to a great room style main level with tall ceilings, solid surface counters, stainless steel appliances, extensive custom cabinetry, efficient mini splits for year round heating and cooling, and a convenient half bath. Upstairs, vaulted ceilings add to the spacious feel and natural light, with laundry thoughtfully located between bedrooms. The front 3 bedroom homes offer exceptionally large front yards rarely seen with new construction homes in Portland, while the back two homes offer fenced yard spaces and off street parking. Across the street, the city’s first public rose garden sits below street level, creating a secluded feeling in the city, with 5,000 rose plants across about 60 varieties and year round beauty. The park also includes the city’s first community center, a historically designated bandstand, Portland’s second oldest playground, picnic lawns, splash pad, heated outdoor pool, sports courts, fields, paved paths, and open green space. Nearby Piedmont, Mississippi, Williams, Killingsworth, and Interstate amenities add coffee, dining, shops, transit, and convenience. With four new construction homes, a special park front setting, and flexible use for investors, owner occupants, or multigenerational living, this 4-plex delivers lasting appeal in North Portland.
Property Facts
| Price Per Unit | $580,967 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.11 AC |
| Cap Rate | 6% | Building Size | 3,936 SF |
| No. Units | 4 | Average Occupancy | 0% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 2026 |
| Apartment Style | Townhome | Parking Ratio | 0.51/1,000 SF |
| Zoning | R5 | ||
| Price Per Unit | $580,967 CAD |
| Sale Type | Investment |
| Cap Rate | 6% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | B |
| Lot Size | 0.11 AC |
| Building Size | 3,936 SF |
| Average Occupancy | 0% |
| No. Stories | 2 |
| Year Built | 2026 |
| Parking Ratio | 0.51/1,000 SF |
| Zoning | R5 |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer Hookup
- Heating
- Crown Molding
- Kitchen
- Vaulted Ceiling
- Stainless Steel Appliances
- Range
- Yard
- Dining Room
- Double Pane Windows
- Lawn
- Pantry
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2.5 | 2 | $4,218 CAD | 1,124 |
| 2+2.5 | 2 | $3,514 CAD | 844 |
Property Taxes
| Parcel Number | R208479 | Improvements Assessment | $0 CAD |
| Land Assessment | $128,490 CAD | Total Assessment | $128,490 CAD |
Property Taxes
Parcel Number
R208479
Land Assessment
$128,490 CAD
Improvements Assessment
$0 CAD
Total Assessment
$128,490 CAD
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