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7387 Mobile Ave
Portland, OR 97217
New Construction 4-Plex in Arbor Lodge · Multifamily Property For Sale
·
4 Units
INVESTMENT HIGHLIGHTS
- Individually Metered Units
- Open floor plan with Ample Natural Light
- Fenced, Private Patio Spaces
EXECUTIVE SUMMARY
Investor Opportunity: This attached 4-plex property at 7385 N Mobile Ave offers multiple income streams under one roof in a high-demand North Portland neighborhood. Each unit is individually metered for convenience, there are no HOA fees, and the property is fee simple, giving you full ownership and control. All units are move-in ready, making tenant turnover easy and minimizing downtime between leases. Low vacancy risk, shared site costs, and simple management make this an ideal owner-operator or portfolio addition. Nearby amenities make it highly tenant-friendly, including popular dining and bars like Casa Zoraya and Tulip Shop Tavern, coffee shops, and easy access to Peninsula Park. Walkable streets, bike-friendly routes, and transit access add to tenant appeal. This 4-plex provides immediate cash flow with long-term upside in a growing Portland submarket. Rental income is estimated. Buyer to perform all due diligence regarding projected rental income.
PROPERTY FACTS
| Price Per Unit | $526,925 CAD | Building Size | 4,274 SF |
| Sale Type | Investment | Average Occupancy | 0% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2025 |
| Lot Size | 0.08 AC | Cross Streets | N Lombard St |
| Zoning | RM2 | ||
| Price Per Unit | $526,925 CAD |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Lot Size | 0.08 AC |
| Building Size | 4,274 SF |
| Average Occupancy | 0% |
| No. Stories | 2 |
| Year Built | 2025 |
| Cross Streets | N Lombard St |
| Zoning | RM2 |
AMENITIES
UNIT AMENITIES
- Disposal
- Microwave
- Washer/Dryer Hookup
- Heating
- Kitchen
- Stainless Steel Appliances
- Yard
- Dining Room
- Double Pane Windows
- Patio
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2.5 | 4 | $3,699 CAD | 1,022 - 1,102 |
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