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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 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 6.24% | Building Size | 5,770 SF |
| No. Units | 6 | Average Occupancy | 0% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 2026 |
| Apartment Style | Townhome | ||
| Zoning | RM3 | ||
| 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
| Parcel Number | R174877 | Improvements Assessment | $0 CAD |
| Land Assessment | $60,147 CAD | Total Assessment | $60,147 CAD |
Property Taxes
Parcel Number
R174877
Land Assessment
$60,147 CAD
Improvements Assessment
$0 CAD
Total Assessment
$60,147 CAD
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