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Listed by Keller Williams Realty Portland Premiere • 503-709-4632

$2,289,900

Est. payment - /mo

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5,476 SqFt

Price Dropped by $60K

1873 SE Tacoma ST Portland, OR 97202

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Nancy Kelly

nancy@nancykellyhomes.com +1(503) 805-5887

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,476 sqft

Price per Sqft $418

Subdivision Sellwood - Moreland

MLS Listing ID 517004408

HOA Y/N No

Year Built 2025

Tax Year 2025

Lot Size 4,791 Sqft

Property Description

This brand new 6 plex presents a rare opportunity to acquire a never occupied, turnkey multi family asset in Portland's desirable Arbor Lodge neighborhood. All six units are fully complete and ready for immediate lease up, offering a clean path to stabilized income without renovation or downtime. Each unit is thoughtfully designed with a private fenced yard and patio, dedicated laundry, and efficient layouts that support long term tenant retention. Utilities are individually metered, allowing for clean expense management and reduced owner overhead. The unit mix offers additional leasing flexibility and rent differentiation, with the front two units positioned along the street featuring enhanced natural light, more open layouts, and proximity to on street parking. The interior units provide efficient use of space, while the rear unit benefits from a larger yard area and increased separation from street activity, offering a quieter environment that supports premium positioning. The rear units are secured behind a gated entry, providing an added layer of privacy and peace of mind for tenants. Designed and built with a focus on durability and efficiency, the property features modern systems and quality construction that help minimize near term capital expenditures. The 2 bedroom, 2.1 bathroom layouts provide strong rental appeal, particularly for roommate style living and tenants seeking separation of space. Located in the Arbor Lodge neighborhood, the property benefits from close proximity to Arbor Lodge Park, local dining and coffee shops, boutique retail, and convenient access to public transit including nearby MAX light rail and bus lines. This combination of product quality, location, and tenant friendly features positions the asset for strong lease up and long term performance. A compelling opportunity for investors seeking a low maintenance, newly built asset with immediate income potential and long term appreciation in one of North Portland's rental corridors.

Location

State OR

County Multnomah

Area _143

Zoning RM2

Rooms

Basement Crawl Space

Interior

Heating Mini Split

Cooling Heat Pump, Mini Split

Exterior

View Trees Woods

Roof Type Composition

Garage No

Building

Lot Description Level

Story 2

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public Water

Level or Stories 2

Schools

Elementary Schools Llewellyn

Middle Schools Sellwood

High Schools Cleveland

Others

Acceptable Financing Cash, Conventional, FHA, VALoan

Listing Terms Cash, Conventional, FHA, VALoan

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Nancy Kelly

Broker | License ID: 880300070

+1(503) 805-5887

1873 SE Tacoma ST Portland, OR 97202

Nancy Kelly

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOLS & PROPERTIES

GET MORE INFORMATION

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1873 SE Tacoma ST