5855 NE Prescott St

Portland, OR 97218

$5,424,900
Price
—
Beds
—
Baths
13,521 Sq. Ft.
$401 / Sq. Ft.
13,521
Sq. Ft.
$401
per Sq. Ft.
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Description

Investor Opportunity – Newly Built 17-Unit Portland Multifamily Portfolio! An exceptional opportunity to acquire a newly constructed 17-unit multifamily portfolio across three high-performing Portland neighborhoods: Cully, Kenton, and St. Johns. Built between 2023 and 2025, each building showcases modern design with high-end finishes, open layouts, and oversized windows that fill the interiors with natural light. The combination of thoughtful design and new construction ensures lasting tenant appeal...Investor Opportunity – Newly Built 17-Unit Portland Multifamily Portfolio! An exceptional opportunity to acquire a newly constructed 17-unit multifamily portfolio across three high-performing Portland neighborhoods: Cully, Kenton, and St. Johns. Built between 2023 and 2025, each building showcases modern design with high-end finishes, open layouts, and oversized windows that fill the interiors with natural light. The combination of thoughtful design and new construction ensures lasting tenant appeal and minimal ongoing maintenance. Every unit is individually metered, providing simplified management and reduced operating costs. With the majority of units currently leased and income-producing, investors benefit from immediate cash flow and potential for continued rent growth and appreciation across some of Portland’s most stable rental markets. In Cully, residents enjoy easy access to Tamale Boy, Baerlic Brewing, Coffee Beer, and outdoor spaces such as Khunamokwst Park and the Beaumont Village corridor. Kenton offers a close-knit community anchored by Kenton Park and the Denver Avenue retail district, where tenants frequent Po’Shines Café De La Soul, Mayfly Taproom, and Prince Coffee. St. Johns attracts long-term renters with its riverfront charm and vibrant main street featuring Cathedral Park, StormBreaker Brewing, Great North Coffee, and St. Johns Theater & Pub. This portfolio delivers turnkey performance and operational efficiency; the recent construction offers strong tax depreciation benefits and reduced capital expenditure needs. With stable tenancy, desirable locations, and contemporary design, investors gain both dependable returns and long-term upside potential. Whether held as a complete portfolio or considered individually for strategic flexibility, these assets provide scale, stability, and enduring value in three of Portland’s most in-demand rental 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 5855 Northeast Prescott Street

Subdivision
CULLY
Parking Features
On Street
Zoning
CM2
Garage Spaces
.00
Parking Total
.00
LISTING UPDATED: 02/01/2026 12:37 AM

Property Details for 5855 Northeast Prescott Street

StatusActive
MLS #326159155
Days on Market87
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family
Year Built2025
Lot Size-
CountyMultnomah County

Location

Listing Courtesy of Keller Williams Realty Portland Premiere
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Building Information for 5855 Northeast Prescott Street

Stories2Residences17Year Built2025Building Size-Lot Size-

Payment Calculator

$26,440 per month

30 year fixed, 6.15% Interest

Principal and Interest

$26,440

Property Taxes

$0

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 5855 Northeast Prescott Street

Summary
Location and General Information
  • Country: US
  • Directions: NE Cully Blvd to NE Prescott St
  • Road Surface: Paved
School Information
  • Elementary School: Rigler
  • High School: Leodis Mc Daniel
  • Middle Or Junior School: Beaumont
Taxes and HOA
  • Tax Year: 2025
  • Tax Annual Amount: $.00
  • Parcel Number: New Construction
  • Tax Legal Description: TBD
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Property
Lot Information
  • Lot Size Range: Sq Ft0Kto2999
  • Lot Size: 0K to 2,999 Sq Ft
Property and Assessments
  • Property Type: Multi Family
  • Water Description: Public Water
  • Property Condition: New Construction
  • Year Built: 2025
Utilities
  • Cooling Description: Mini Split
  • Fuel Description: Electricity
  • Heating Description: Mini Split
  • Hot Water Description: Electricity
  • Sewer Description: Public Sewer
  • Rent Includes: None
Interior and Exterior Features
Exterior Features
  • Exterior Description: Cement Siding, Lap Siding
  • Roof Type: Composition
Interior Features
  • Basement: Crawl Space
  • Foundation Details: Concrete Perimeter
  • Stories: 2
Multi Family
Multi-Family Information
  • Number Of Units Total: 17
  • Gross Income Actual: $25,640.00
  • Gross Income Projected: $29,435.00
  • Gross Rent Multiplier: $211.58
  • Investor Information: Incomplete, Rent Records
  • Net Income Actual: $.00
  • Operating Expense: $.00
  • Storage: None
  • Unit Type Type: Unit Type Type1, Unit Type Type10, Unit Type Type2, Unit Type Type3, Unit Type Type4, Unit Type Type5, Unit Type Type6, Unit Type Type7, Unit Type Type8, Unit Type Type9
  • SqFt Approximate Building Total: 13521
Unit 1 Information
  • Unit Type 1 Baths Total: 2
  • Unit Type 1 Baths Decimal: 1.10
  • Unit Type 1 Beds Total: 2
  • Unit Type 1 Features: Air Conditioning, Dishwasher, Range, Washer Dryer Hookup
  • Unit Type 1 Rent: $2,175
  • Unit Type 1 SqFt: 855.0
  • Unit Type 1 Units Total: 1
Unit 2 Information
  • Unit Type 2 Baths Total: 2
  • Unit Type 2 Baths Decimal: 1.10
  • Unit Type 2 Beds Total: 2
  • Unit Type 2 Features: Air Conditioning, Dishwasher, Range, Washer Dryer Hookup
  • Unit Type 2 Rent: $1,795
  • Unit Type 2 SqFt: 855.0
  • Unit Type 2 Units Total: 2
Unit 3 Information
  • Unit Type 3 Baths Total: 2
  • Unit Type 3 Baths Decimal: 1.10
  • Unit Type 3 Beds Total: 2
  • Unit Type 3 Features: Air Conditioning, Dishwasher, Range, Washer Dryer Hookup
  • Unit Type 3 Rent: $1,800
  • Unit Type 3 SqFt: 691.0
  • Unit Type 3 Units Total: 1
Unit 4 Information
  • Unit Type 4 Baths Total: 2
  • Unit Type 4 Baths Decimal: 1.10
  • Unit Type 4 Beds Total: 2
  • Unit Type 4 Features: Air Conditioning, Dishwasher, Range, Washer Dryer Hookup
  • Unit Type 4 Rent: $1,995
  • Unit Type 4 SqFt: 855
  • Unit Type 4 UnitsTotal: 1
Unit 5 Information
  • Unit Type 5 Baths Total: 3
  • Unit Type 5 Baths Decimal: 2.10
  • Unit Type 5 Beds Total: 2
  • Unit Type 5 Features: Air Conditioning, Dishwasher, Range, Washer Dryer Hookup
  • Unit Type 5 Rent: $1,950
  • Unit Type 5 SqFt: 888.0
  • Unit Type 5 Units Total: 4
Unit 6 Information
  • Unit Type 6 Baths Total: 3
  • Unit Type 6 Baths Decimal: 2.10
  • Unit Type 6 Beds Total: 2
  • Unit Type 6 Features: Air Conditioning, Dishwasher, Range, Washer Dryer Hookup
  • Unit Type 6 Rent: $2,050
  • Unit Type 6 SqFt: 940.0
  • Unit Type 6 Units Total: 1
Unit 7 Information
  • Unit Type 7 Baths Total: 3
  • Unit Type 7 Baths Decimal: 2.10
  • Unit Type 7 Beds Total: 2
  • Unit Type 7 Features: Air Conditioning, Dishwasher, Range, Washer Dryer Hookup
  • Unit Type 7 Rent: $2,025
  • Unit Type 7 SqFt: 1023
  • Unit Type 7 Units Total: 1
Unit 8 Information
  • Unit Type 8 Baths Total: 3
  • Unit Type 8 Baths Decimal: 2.10
  • Unit Type 8 Beds Total: 2
  • Unit Type 8 Features: Air Conditioning, Dishwasher, Range, Washer Dryer Hookup
  • Unit Type 8 Rent: $1,970
  • Unit Type 8 SqFt: 933.0
  • Unit Type 8 Units Total: 4
Unit 9 Information
  • Unit Type 9 Baths Total: 3
  • Unit Type 9 Baths Decimal: 2.10
  • Unit Type 9 Beds Total: 2
  • Unit Type 9 Features: Air Conditioning, Dishwasher, Range, Washer Dryer Hookup
  • Unit Type 9 Rent: $1,995
  • Unit Type 9 SqFt: 939.0
  • Unit Type 9 Units Total: 1
Unit 10 Information
  • Unit Type 10 Baths Total: 3
  • Unit Type 10 Baths Decimal: 2.10
  • Unit Type 10 Beds Total: 2
  • Unit Type 10 Features: Air Conditioning, Dishwasher, Range, Washer Dryer Hookup
  • Unit Type 10 Rent: $1,925
  • Unit Type 10 SqFt: 855.0
  • Unit Type 10 Units Total: 1

Public Records for 5855 Northeast Prescott Street

Taxable ValueLand-Additions-Total-
Home Facts
Beds0StyleCondominiumCountyMULTNOMAHAPN1N2E19AD 90000

Schools near 5855 Northeast Prescott Street

This home is within Portland School District 1j.
Rating
School
Type
Grades
Distance
Rigler Elementary School
Public - K to 5
Beaumont Middle School
Public - 6 to 8
Leodis V. McDaniel High School
Public - 9 to 12
Portland Arthur Academy Charter School
Charter - K to 5
Rating
School
Distance
Rigler Elementary School
PublicK to 5

Beaumont Middle School
Public6 to 8

Leodis V. McDaniel 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 5855 Northeast Prescott Street, Portland, OR 97218

5855 Northeast Prescott Street is a multi-family home for sale in Portland, OR 97218. This property was listed for sale on November 6, 2025 by Keller Williams Realty Portland Premiere, it's currently listed at $5,424,900. This listing's school district is Portland School District 1j. Nearby schools include Rigler Elementary School, Beaumont Middle School and Leodis V. McDaniel High School. 5855 Northeast Prescott Street is a 0-bed, 0-bath, 13,521 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: 02/01/2026 12:37 AM