6841 Montana Ave Portland, OR 97217

This exceptional new construction multifamily property, located at 6841 N Montana Ave in Portland, Oregon's desirable Arbor Lodge neighborhood, presents a compelling investment opportunity. The 3,744 square foot building, completed in 2023, comprises six units: four one-bedroom/one-bathroom units ranging from 500 to 506 square feet, and two two-bedroom/one-and-a-half-bathroom units ranging from 851 to 911 square feet. Each unit features a modern, open-concept design with high-end finishes including custom kitchens with slab counters and stainless steel appliances, expansive windows, and private patios. The property boasts a 5.14% cap rate and a strong net operating income (NOI) of $82,219. The asking price is $1,599,900, translating to $266,650 per unit and $423.93 per square foot. The property benefits from a 15-year rent control exemption and a one-year builder warranty, minimizing risk and maximizing return. Situated in a vibrant location with a 92 Bikescore, the property is within easy reach of restaurants, parks, shops, and public transportation. The RM3d zoning provides flexibility for future development. This fee-simple ownership opportunity offers a low-maintenance, high-return investment in a prime Portland location. Virtual tours are available for units 1, 2, 4, and 6.