For Sale
$1,999,900

8474 Willamette Blvd Portland, OR 97203

New Construction, 6 Units, High Demand Location

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional new 6-plex in Portland's Cathedral Park offers a compelling investment opportunity. The property boasts a mix of six units: one 2-bedroom, 2.1-bathroom unit and five 2-bedroom, 1.1-bathroom units. Each unit features an open-concept design with spacious living areas, modern kitchens equipped with stainless steel appliances and custom cabinetry, and ample natural light. The building, constructed in 2024, totals 4,746 square feet on a 0.1-acre lot and is a two-story structure. It benefits from a highly desirable location with a 91 BikeScore, placing residents within easy reach of numerous amenities including coffee shops, restaurants, grocery stores, and parks, all within a short distance. The property is zoned RM2 and comes with a one-year builder's warranty. Estimated completion is mid-September 2024. This represents a rare chance to acquire a newly constructed multifamily property in a prime Portland location, offering strong potential for rental income and long-term appreciation. The asking price is $1,999,900.

Highlights

  • HOT Cathedral Park location
  • Open-concept floor plans
  • Desirable unit mix: one 2-bed/2.1-bath unit and five 2-bed/1.1-bath units

Property Details for 8474 Willamette Blvd

Property type
Residential income homes, Dormitories
Square Feet
4,746 SF
Year Built
204
Buildings
1
Stories
2
Lot Size (sq. ft)
4,356 SF
Units
6

Location Insight

City
Portland
County
Multnomah
State
Oregon
Latitude
45.5867862
Longitude
-122.7552091

FAQs

What type of property is this?
Residential income home - New Construction, 6 Units, High Demand Location
Where is the residential income home located?
The property is located at 8474 Willamette Blvd Portland, OR.
What is the asking price?
The asking price for this property is $1,999,900.
What are key features of this property?
This property features: HOT Cathedral Park location; Open-concept floor plans; Desirable unit mix: one 2-bed/2.1-bath unit and five 2-bed/1.1-bath units
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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8474 Willamette Blvd
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