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Carrie Warlaumont

carriewarlaumont@epique.me +1(503) 803-3812

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

$ 1,739,900

Est. payment | -/mo

4,868 SqFt

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$ 1,739,900

Est. payment | -/mo

Save Virtual Tour

4,868 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,868 sqft

Price per Sqft $357

Subdivision St. Johns

MLS Listing ID 207223178

Year Built 2026

Lot Size 5,662 Sqft

Property Description

New construction detached cottage portfolio near St. Johns offering four detached homes in one North Portland location with a projected 5.09% cap rate at stabilization. The offering includes 6605 N Seneca St, 9411 N Macrum Ave, 9415 N Macrum Ave, and 9421 N Macrum Ave, totaling 4,868 square feet with 12 bedrooms, 8 full bathrooms, and 4 half bathrooms across the four homes. Each residence offers 3 bedrooms and 2.1 bathrooms, with living, dining, kitchen, and half bath on the main level, plus all bedrooms, 2 full bathrooms, and laundry upstairs. The two larger homes offer 1,253 square feet each, while the two interior homes offer 1,181 square feet each. 6605 N Seneca St includes the premium yard space in the community, while 9421 N Macrum Ave offers an end position with patio space. Whole home ducted heat pump systems provide efficient year round heating and cooling, while whole house ventilation and one year builder warranties add to the new construction package. This offering gives investors four detached rental homes with separate addresses, efficient footprints, individual outdoor areas, and broad tenant appeal. Near downtown St. Johns, Cathedral Park, Pier Park, New Seasons Market University Park, local coffee, food carts, restaurants, transit, bike routes, Lombard access, and connections toward University Park, Kenton, and downtown Portland, the location supports everyday convenience and long term rental demand. Projected cap rate, rental assumptions, and expenses are approximated and should be independently verified.

Location

State OR

County Multnomah

Area _141

Zoning R2.5

Rooms

Basement Crawl Space

Interior

Heating Forced Air

Cooling Heat Pump

Exterior

View Trees Woods

Roof Type Composition

Garage No

Building

Lot Description Corner Lot, Level, Public Road

Story 2

Foundation Concrete Perimeter, Stem Wall

Sewer Public Sewer

Water Public Water

Level or Stories 2

Schools

Elementary Schools James John

Middle Schools George

High Schools Roosevelt

Others

Acceptable Financing Cash, Conventional, FHA, VALoan

Listing Terms Cash, Conventional, FHA, VALoan

Virtual Tour https://www.youtube.com/watch?v=MBUyxF5xK2Y

Regional Multiple Listing Service (RMLS)

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(503) 803-3812

carriewarlaumont@epique.me

1026 SW Greenburg Rd Fl 4, Portland, OR, 97223

6603 N Seneca ST Portland, OR 97203