Rare opportunity to acquire a newly constructed 2 unit multifamily offering in the sought after Rose City Park neighborhood of NE Portland, delivered as a cohesive rental community with a diversified unit mix and immediate lease up potential. Designed and developed by a renowned local boutique builder known for efficient use of space, attention to detail, extensive built in features, and integrated lighting. The property includes a two home detached cottages. All homes are completed, vacant, and ready for lease up. These units are tenant focused, three bedroom residences with two and a half bathrooms throughout, efficient layouts, and strong separation between living and sleeping areas. Each bedroom includes crown molding with integrated built in lighting, while main living levels include built in features that add architectural interest and durability beyond typical rental construction. Detached cottages command a rental premium due to increased spacing and enhanced landscaping that support tenant retention. The Rose City Park location adds strong tenant appeal, with nearby access to Rose City Park, Normandale Park, Rose City Golf Course, the Hollywood District, Beaumont Village, NE Sandy dining and coffee, grocery options, transit, and I-84 connections. Residences include high performance windows and efficient heat pump heating and cooling to reduce operating costs and future capital exposure. With a projected 5.77% cap rate at stabilization, this cottage cluster outperforms typical townhome rentals through its detached cottage premium, interior detailing, private outdoor spaces, location strength, and new construction efficiency.

Source: Regional MLS, MLS#: 768726497