11 NE 55th Ave

Portland, OR 97213

$3,349,900
Price
—
Beds
—
Baths
9,647 Sq. Ft.
$347 / Sq. Ft.
9,647
Sq. Ft.
$347
per Sq. Ft.
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Description

Exceptional investment opportunity in Portland’s coveted North Tabor neighborhood. This newly constructed 16-unit apartment building, completed by a respected local builder, offers modern design, long-term durability, and broad rental appeal. With a proven rental history and low-maintenance construction, this turnkey property is ideal for both seasoned investors and those looking to expand their portfolio. The building features a desirable mix of thoughtfully designed units, allowing for flexible...Exceptional investment opportunity in Portland’s coveted North Tabor neighborhood. This newly constructed 16-unit apartment building, completed by a respected local builder, offers modern design, long-term durability, and broad rental appeal. With a proven rental history and low-maintenance construction, this turnkey property is ideal for both seasoned investors and those looking to expand their portfolio. The building features a desirable mix of thoughtfully designed units, allowing for flexible leasing and strong occupancy rates. Stylish, contemporary finishes throughout the interiors and a clean, modern exterior enhance tenant satisfaction and curb appeal. Secure entry and well-maintained common areas contribute to tenant comfort and building integrity. Set in the heart of North Tabor—a neighborhood prized for its close-in convenience, tree-lined streets, and easy access to transit, parks, and vibrant local businesses—this location places tenants near the MAX light rail, Providence Portland Medical Center, and popular spots like Tabor Bread, Coquine, and the Montavilla dining and shopping scene. With a strong Walk Score and bike-friendly streets, this area is ideal for tenants seeking a connected, car-free lifestyle. Enjoy the stability of a high-demand rental location, paired with the ease of a well-executed new build. Don’t miss this rare chance to own a premium multifamily asset in one of Portland’s most sought-after close-in Eastside neighborhoods.
  1. Listed by Darryl Bodle • Keller Williams Realty Portland Premiere • 503-709-4632
  2. Listed by Kelly Christian • Keller Williams Realty Portland Premiere

Property Details for 11 Northeast 55th Avenue

Subdivision
NORTH TABOR
Zoning
CM2
View
Trees Woods
LISTING UPDATED: 04/16/2026 12:13 AM

Property Details for 11 Northeast 55th Avenue

StatusActive
MLS #619792928
Days on Market254
Taxes$4,359 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeMulti Family
Year Built2025
Lot Size0.12 AC / 5,227 SF
CountyMultnomah County
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Location

Listing Courtesy of Keller Williams Realty Portland Premiere
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Building Information for 11 Northeast 55th Avenue

Stories3Residences16Year Built2025Building Size-Lot Size0.12 AC / 5,227 SF

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$17,232 per month

30 year fixed, 6.46% Interest

Principal and Interest

$16,868

Property Taxes

$363

HOA Dues

$0

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Property Information for 11 Northeast 55th Avenue

Summary
Location and General Information
  • Country: US
  • Directions: 55th, just north of Burnside in North Tabor proper.
School Information
  • Elementary School: Glencoe
  • High School: Franklin
  • Middle Or Junior School: Mt Tabor
Taxes and HOA
  • Tax Year: 2024
  • Tax Annual Amount: $4,359.25
  • Parcel Number: R216522
  • Tax Legal Description: MELROSE, S 50' OF E 107' OF LOT 13 EXC PT IN ST
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Property
Lot Information
  • Acres: 0.12
  • Lot Description: Level
  • Lot Size Square Feet: 5227.0
  • Lot Size Range: Sq Ft5000to6999
  • Lot Size: 5,000 to 6,999 Sq Ft
Property and Assessments
  • Property Type: Multi Family
  • Water Description: Public Water
  • Property Condition: New Construction
  • Year Built: 2025
Utilities
  • Fuel Description: Electricity
  • Heating Description: Wall Heater
  • Hot Water Description: Electricity
  • Sewer Description: Public Sewer
  • Rent Includes: None
Interior and Exterior Features
Exterior Features
  • Exterior Description: Cement Siding
Interior Features
  • Stories: 3
Multi Family
Multi-Family Information
  • Number Of Units Total: 16
  • Gross Income Actual: $256,005.00
  • Gross Rent Multiplier: $13.09
  • Net Income Actual: $173,288.00
  • Operating Expense: $82,717.00
  • Security Features: Entry
  • Unit Type Type: Unit Type Type1, Unit Type Type2, Unit Type Type3, Unit Type Type4, Unit Type Type5, Unit Type Type6, Unit Type Type7, Unit Type Type8
  • SqFt Approximate Building Total: 9647
Unit 1 Information
  • Unit Type 1 Baths Total: 1
  • Unit Type 1 Baths Decimal: 1.00
  • Unit Type 1 Beds Total: 0
  • Unit Type 1 Features: Dishwasher, Microwave, Range, Refrigerator
  • Unit Type 1 Rent: $975
  • Unit Type 1 SqFt: 265.0
  • Unit Type 1 Units Total: 2
Unit 2 Information
  • Unit Type 2 Baths Total: 1
  • Unit Type 2 Baths Decimal: 1.00
  • Unit Type 2 Beds Total: 1
  • Unit Type 2 Features: Dishwasher, Microwave, Range, Refrigerator
  • Unit Type 2 Rent: $1,225
  • Unit Type 2 SqFt: 399.0
  • Unit Type 2 Units Total: 4
Unit 3 Information
  • Unit Type 3 Baths Total: 1
  • Unit Type 3 Baths Decimal: 1.00
  • Unit Type 3 Beds Total: 1
  • Unit Type 3 Features: Dishwasher, Microwave, Range, Refrigerator
  • Unit Type 3 Rent: $1,475
  • Unit Type 3 SqFt: 556.0
  • Unit Type 3 Units Total: 2
Unit 4 Information
  • Unit Type 4 Baths Total: 1
  • Unit Type 4 Baths Decimal: 1.00
  • Unit Type 4 Beds Total: 1
  • Unit Type 4 Features: Dishwasher, Microwave, Range, Refrigerator
  • Unit Type 4 Rent: $1,325
  • Unit Type 4 SqFt: 486
  • Unit Type 4 UnitsTotal: 4
Unit 5 Information
  • Unit Type 5 Baths Total: 1
  • Unit Type 5 Baths Decimal: 1.00
  • Unit Type 5 Beds Total: 1
  • Unit Type 5 Features: Dishwasher, Microwave, Range, Refrigerator
  • Unit Type 5 Rent: $1,450
  • Unit Type 5 SqFt: 576.0
  • Unit Type 5 Units Total: 1
Unit 6 Information
  • Unit Type 6 Baths Total: 1
  • Unit Type 6 Baths Decimal: 1.00
  • Unit Type 6 Beds Total: 1
  • Unit Type 6 Features: Dishwasher, Microwave, Range, Refrigerator
  • Unit Type 6 Rent: $1,425
  • Unit Type 6 SqFt: 466.0
  • Unit Type 6 Units Total: 1
Unit 7 Information
  • Unit Type 7 Baths Total: 1
  • Unit Type 7 Baths Decimal: 1.00
  • Unit Type 7 Beds Total: 1
  • Unit Type 7 Features: Dishwasher, Microwave, Range, Refrigerator
  • Unit Type 7 Rent: $1,425
  • Unit Type 7 SqFt: 564
  • Unit Type 7 Units Total: 1
Unit 8 Information
  • Unit Type 8 Baths Total: 1
  • Unit Type 8 Baths Decimal: 1.00
  • Unit Type 8 Beds Total: 1
  • Unit Type 8 Features: Dishwasher, Microwave, Range, Refrigerator
  • Unit Type 8 Rent: $1,450
  • Unit Type 8 SqFt: 551.0
  • Unit Type 8 Units Total: 1

Property History for 11 Northeast 55th Avenue

DateEvent & SourcePriceAppreciation
Jan 8, 2024

Sold (Public Record)

Public Record #1526185726

$650,000

+13.2% / yr

Apr 7, 2017

Sold (Public Record)

Public Record #591867605

$281,850—
DateEvent & SourcePrice
01/08/2024

Sold (Public Record)

Public Record #1526185726

$650,000

+13.2% / yr

04/07/2017

Sold (Public Record)

Public Record #591867605

$281,850

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 11 Northeast 55th Avenue

Taxable ValueLand-Additions-Total-
Tax Record2025$4,522 ($377 / month)
Home Facts
Baths1Total Finished SqFt850 SqFtAbove Grade Finished SqFt850 SqFtStories1Lot Size5,000 SqFtStyleCommercialYear Built1924ZoningR1CountyMULTNOMAHAPN1N2E31DB 15800

Schools near 11 Northeast 55th Avenue

This home is within Portland School District 1j.
Rating
School
Type
Grades
Distance
Glencoe Elementary School
Public - K to 5
Mt Tabor Middle School
Public - 6 to 8
Franklin High School
Public - 9 to 12
Portland Arthur Academy Charter School
Charter - K to 5
Rating
School
Distance
Glencoe Elementary School
PublicK to 5

Mt Tabor Middle School
Public6 to 8

Franklin High School
Public9 to 12

Portland Arthur Academy Charter School
CharterK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 11 Northeast 55th Avenue, Portland, OR 97213

11 Northeast 55th Avenue is a multi-family home for sale in Portland, OR 97213. This property was listed for sale on August 5, 2025 by Keller Williams Realty Portland Premiere, it's currently listed at $3,349,900. It has been on the market for a total of 254 days and was last sold on January 8, 2024. This listing's school district is Portland School District 1j. Nearby schools include Glencoe Elementary School, Mt Tabor Middle School and Franklin High School. 11 Northeast 55th Avenue is a 0-bed, 0-bath, 9,647 sqft multi-family home built in 2025.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Realty Portland Premiere

All information provided is deemed reliable but is not guaranteed and should be independently verified. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland Oregon. Real estate listings held by brokerage firms other than Compass are marked with the RMLS logo and detailed information about these properties includes the names of the listing brokers. Copyright © 2026 RMLS, Portland, Oregon. Last updated: 04/16/2026 12:13 AM