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7694 N Montana Ave, Portland, OR 97217

$2,129,900
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Property Description

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.

7694 N Montana Ave | MLS# 208472607

This multi-family property located at 7694 N Montana Ave, Portland, OR 97217 is currently listed for sale with an asking price of $2,129,900. Search Portland real estate on www.bendpremierrealestate.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: CrawlSpace
Cooling: Heat Pump, MiniSplit
Fuel Type: Electricity
Heating: Heat Pump, Mini Split
Lot Size: ~46.5'x100'
Roof Type: Composition
Stories: 2.0
Year Built: 2026
Square Feet: 5,770

Units

Unit Type 1:
Bathroom(s): 2
Bedrooms: 1
Features: AirConditioning, Dishwasher, Range, WasherDryerHookup
Rent: $1875.00
Square Footage: 718
Total Units: 2
Unit Type 2:
Bathroom(s): 3
Bedrooms: 2
Features: AirConditioning, Dishwasher, Range, WasherDryerHookup
Rent: $2450.00
Square Footage: 1016
Total Units: 3
Unit Type 3:
Bathroom(s): 3
Bedrooms: 3
Features: AirConditioning, Dishwasher, Range, WasherDryerHookup
Rent: $2795.00
Square Footage: 1302
Total Units: 1

Feature Descriptions

Days on Site: 2
Exterior: Cement Siding, Lap Siding, Panel
Gross Income: $163209.00 (Actual)
Hot Water: Electricity, Tank
Lot: Corner Lot, Level, Public Road
Lot Dimensions: ~46.5'x100'
Net Income: $124713.00 (Actual)
Operating Expenses: $38496.00 (Actual)
Parking: OnStreet
Parking Notes: OnStreet
Sewer: Public Sewer
Storage: None
Units: 6
Water: Public Water

Local Schools

High School: Jefferson
Middle School: Ockley Green
Elementary School: Peninsula

Listed By / Shown By

Listed By

Agency Name: Keller Williams Realty Portland Premiere
Agency Contact: 503-709-4632

Shown By

Agency Title: Bend Premier Real Estate
Agency Phone: 541-323-2779

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Estimated Payment

$ 11,391.15 per month $10,769.93 Principal & Interest $0.00 Property Tax (data not provided by mls) $621.22 Homeowner's Insurance

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