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7694 Montana Ave
Portland, OR 97217
North Portland 6 Unit Investment Opportunity · Multifamily Property For Sale · 6 Units

Investment Highlights

  • Brand new six unit condominium investment opportunity in North Portland
  • Approximately 5,770 total rentable SF across the portfolio
  • Every residence includes in unit laundry, efficient mini split heating and cooling, contemporary finishes and private outdoor space
  • Six individually configured residences ranging from 1 to 3 bedrooms
  • Diverse unit mix broadens the prospective tenant and resale buyer pool
  • Convenient North Portland location near Farragut Park, Kenton amenities and MAX Yellow Line access

Executive Summary

A rare opportunity to acquire a brand new six unit asset in North Portland, offering a diversified mix of one, two, and three bedroom residences with modern finishes, efficient layouts, and strong long term rental appeal. The offering includes two one bedroom homes, three two bedroom homes, and one three bedroom end unit, creating a balanced unit mix designed to appeal to a broad tenant pool. Interiors feature wide plank engineered hardwood flooring, warm oak cabinetry, solid surface countertops, contemporary fixtures, stainless steel appliances, and efficient mini split heating and cooling. Every residence also includes in unit laundry and its own private fenced patio, adding meaningful everyday function and outdoor space across the entire portfolio. The larger residences include multiple bathrooms and flexible bedroom configurations well suited for long term rental demand. With a 97 Bike Score and 83 Walk Score, residents enjoy convenient access to Farragut Park, Kenton neighborhood amenities, local dining and coffee, neighborhood shops, and the MAX Yellow Line. Offered as a complete six unit package, this is a compelling opportunity for an investor seeking new construction, minimal near term maintenance, strong North Portland location fundamentals, and a thoughtfully designed mix of residences in one cohesive offering.

Property Facts

Price Per Unit $460,134 CAD
Sale Type Investment
Cap Rate 6.24%
No. Units 6
Property Type Multifamily
Property Subtype Apartment
Apartment Style Townhome
Building Class B
Lot Size 0.14 AC
Building Size 5,770 SF
Average Occupancy 0%
No. Stories 2
Year Built 2026
Zoning RM3

Amenities

Unit Amenities

  • Air Conditioning
  • Dishwasher
  • Disposal
  • Washer/Dryer Hookup
  • Heating
  • Kitchen
  • Hardwood Floors
  • Ice Maker
  • Stainless Steel Appliances
  • Range
  • Carpet
  • Double Pane Windows
  • Patio

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1.5 2 $2,588 CAD 702 - 718
2+2.5 3 $3,382 CAD 1,016
3+2.5 1 $3,858 CAD 1,302

Property Taxes

Property Taxes

Parcel Number
R174877
Land Assessment
$60,147 CAD
Improvements Assessment
$0 CAD
Total Assessment
$60,147 CAD
  • Listing ID: 42041293

  • Date on Market: 2026-09-03

  • Last Updated:

  • Address: 7694 Montana Ave, Portland, OR 97217

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