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7574 31st Ave
Portland, OR 97219
Multnomah Village 7-Unit Townhome Portfolio · Multifamily Property For Sale
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6 Units


Investment Highlights
- Seven new construction townhomes across one fourplex and one triplex
- Efficient two story layouts with no residences above or below
- Vaulted primary bedrooms with private ensuite bathrooms
- Seven 2 bedroom, 2.5 bathroom residences totaling 6,760 rentable square feet
- Near Multnomah Village, Gabriel Park, OHSU and major Portland routes
- Open concept kitchen, dining and living areas
Executive Summary
Positioned just outside the heart of Multnomah Village, this newly built 7 unit investment opportunity pairs efficient modern construction with one of Southwest Portland’s most established neighborhood settings. The property is configured as a fourplex and triplex and offers seven 2 bedroom, 2½ bathroom residences totaling approximately 6,760 square feet. Each home features a thoughtfully designed two story floor plan with an open main level connecting the kitchen, dining area, and living room, plus a private patio that extends usable living space outdoors. Upstairs, each residence includes two bedrooms, two full bathrooms, and conveniently located laundry, while energy efficient mini splits provide year round heating and cooling. The consistent unit mix supports straightforward management, while the mix of end and interior units creates natural differentiation across the property. An exceptional 83 Walk Score strengthens long term tenant appeal, with Multnomah Arts Center, Village Coffee, Fat City Cafe, Annie Bloom’s Books, Grand Central Bakery, and the broader collection of shops, dining, services, and neighborhood amenities of Multnomah Village all nearby. The location also provides convenient access to major Southwest Portland transportation corridors and employment centers while retaining the walkability and neighborhood character that continue to attract residents to this area. New construction gives investors the benefit of modern systems, efficient layouts, and reduced near term capital expenditure compared with older multifamily inventory. Every detail reflects the vision of a multi-year Street of Dreams builder, blending elevated design with everyday livability and backing every home with an exceptional warranty. This is how your investment was meant to be.
Property Facts
| Price Per Unit | $732,638 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 4.69% | Building Size | 6,760 SF |
| No. Units | 6 | Average Occupancy | 0% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 2026 |
| Zoning | CM1 | ||
| Price Per Unit | $732,638 CAD |
| Sale Type | Investment |
| Cap Rate | 4.69% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | B |
| Lot Size | 0.14 AC |
| Building Size | 6,760 SF |
| Average Occupancy | 0% |
| No. Stories | 2 |
| Year Built | 2026 |
| Zoning | CM1 |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Microwave
- Washer/Dryer Hookup
- Heating
- Kitchen
- Stainless Steel Appliances
- Range
- Double Pane Windows
- Patio
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2.5 | 7 | $3,399 CAD | 955 - 970 |
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