Share This Listing

Message

941 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the brokers for more information about this property

Investment Highlights

  • Two brand-new detached homes offered together as one investment portfolio
  • Private fenced yards and covered patios create differentiated tenant appeal
  • Energy-efficient mini-split heating and cooling
  • Each residence features 2 bedrooms, 2.1 bathrooms, and ~913 SF
  • Elevated new construction finishes with signature millwork and architectural detailing
  • Prime St. Johns location near N Lombard St, Cathedral Park, Pier Park, New Seasons Market, and the St. Johns Bridge

Executive Summary

Secure two brand-new detached cottages in the heart of St. Johns, offering a turnkey opportunity to own a pair of thoughtfully designed, low-maintenance residences with excellent long-term rental appeal. Each home offers 2 bedrooms, 2.1 bathrooms, 913 square feet, and a private fully fenced yard with a covered patio, creating valuable outdoor space rarely found at this size and price point. Light and bright interiors feature tall ceilings, oversized windows, wainscoting, and efficient great-room layouts connecting the living, dining, and kitchen spaces. Kitchens pair custom cabinetry, stainless steel appliances, solid surface countertops, and generous workspace with polished finishes designed for everyday use. Upstairs, each residence includes two bedrooms, two full bathrooms, and conveniently located laundry, while energy-efficient mini-splits provide year-round heating and cooling. Both units are fully complete, vacant, and ready for immediate lease-up. Built by a local boutique builder renowned for elevated finishes, signature millwork, and exceptional architectural detailing that gives every home a custom feel. Where elevated craftsmanship becomes everyday living. The St. Johns location adds another layer of tenant appeal, with New Seasons Market, neighborhood food carts, St. Johns Twin Cinema, shops and restaurants along Lombard, Cathedral Park, Pier Park, and the iconic St. Johns Bridge all nearby. A compelling opportunity to acquire two move-in-ready new construction homes with private outdoor spaces in one of North Portland's most distinctive neighborhoods.

Property Facts

Price $1,107,510 CAD
Price / SF $1,213 CAD / SF
Cap Rate 5.46%
Sale Type Investment or Owner User
Status Active
Number of Properties 2
Individually For Sale 0
Total Building Size 913 SF
Total Land Area 0.06 AC

Properties

Property Name / Address Property Type Size Year Built Individual Price
7472 N Polk Ave, Portland, OR 97203 Specialty 913 SF 2026 -
Show More > < Show Less
  • Listing ID: 41920905

  • Date on Market: 2026-08-28

  • Last Updated:

  • Address: St. Johns 2-Home Investment Portfolio, Portland, OR

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}