7206 N Saint Louis Ave,Portland, OR 97203
Portland, OR 97203
Description
Fully leased, income-producing 7-unit multifamily asset in North Portland, well suited for a 1031 exchange buyer seeking stable cash flow, diversified unit mix, and modern construction in a single acquisition. The property includes six newer-construction condominium residences plus a detached single-family home, offering multiple income streams and reduced operational concentration risk. The newer units feature efficient, renter-driven open-concept layouts with contemporary finishes, solid surface countertops, modern cabinetry, and neutral design selections that support strong leasing performance and long-term tenant retention. Unit mix ranges from studio to three-bedroom residences, allowing exposure to a broad tenant base and resilience across market cycles. The detached two-bedroom home includes a basement providing substantial storage and functional flexibility, enhancing tenant usability and operational convenience. The property is fully occupied, allowing an investor to step directly into stabilized income with no lease-up exposure. Located near the Cathedral Park neighborhood, one of North Portland's most recognizable and tenant-favored areas, known for its riverfront setting beneath the iconic St. Johns Bridge, expansive green space, community events, and strong neighborhood identity that consistently drives rental demand. The location offers approximately 1.5 miles to Cathedral Park itself, under 1 mile to Pier Park and Columbia Park, and convenient access to dining, neighborhood retail, and services along N Lombard Street within roughly 0.75 miles. A 94 Bike Score and 91 Walk Score, nearby transit options, and proximity to employment centers and outdoor amenities further support long-term tenant appeal and durable rental performance. A rare opportunity to acquire a turnkey, stabilized multifamily investment combining modern construction, diversified income, and one of North Portland's most sought-after neighborhood settings in a single cohesive package.
Details
| MLS # | 22390670 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 2022 |
| Days On Site | 1623 |
| Listing Provided By | Keller Williams Realty Portland Premiere | Darryl Bodle |
Features
| SQ Feet | 4,416 |
|---|---|
| Story(s) | 3 |
| Units | 7 |
| Zoning | RM2 |
| Acreage | 0.11 |
Interior
| Heating | Zoned |
|---|---|
| Heating Yn | Yes |
| Cooling | Other |
| Cooling Yn | No |
Exterior
| Roof | Composition |
|---|---|
| Security Features | Sidewalk |
| Lot Features | Corner Lot |
Parking
| Attached Garage Yn | No |
|---|
Taxes
| Property | 16511 |
|---|
Area Information
| State | OR |
|---|---|
| County | Multnomah |
| City | Portland |
| Zip Code | 97203 |
| Community Name | CATHEDRAL PARK |
| School District | Roosevelt |
| Elementary School | James John |
| High School | Roosevelt |
| Listing VS Median (in CATHEDRAL PARK) | |
Price: $1,899,000 low | high Med: $285,000 sqft: 4,416 low | high Med: 1,200 $ / sqft: $430 low | high Med: $238 On site: 1623 low | high Med: 60 | |
Market Activity 97203
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| State | OR |
|---|---|
| County | Multnomah |
| City | Portland |
| Zip Code | 97203 |
| Community Name | CATHEDRAL PARK |
| School District | Roosevelt |
| Elementary School | James John |
| High School | Roosevelt |
| Listing VS Median (in CATHEDRAL PARK) | |
Price: $1,899,000 low | high Med: $285,000 sqft: 4,416 low | high Med: 1,200 $ / sqft: $430 low | high Med: $238 On site: 1623 low | high Med: 60 | |
 | $1,999,9009300 N New York AvePortland, OR 97203 |