5871 NE Prescott St

Portland, OR 97218

$799,900
Price
—
Beds
—
Baths
2,565 Sq. Ft.
$312 / Sq. Ft.
2,565
Sq. Ft.
$312
per Sq. Ft.
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a front view of a house
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an empty room with wooden floor and windows
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a view of kitchen with stainless steel appliances kitchen island wooden cabinets and wooden floor
a kitchen with a sink cabinets stainless steel appliances and wooden floor
a sink with a window
a bathroom with a sink and mirror
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a bathroom with a sink a toilet and shower
an empty room with windows
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a view of a pathway both side of building
a view of an empty room with wooden floor and a window
a kitchen with stainless steel appliances a refrigerator a sink a stove top oven a counter space and cabinets
a white kitchen with stainless steel appliances granite countertop a stove a sink and a microwave
a view of a kitchen with a sink and wooden floor
a bathroom with a granite countertop sink toilet and a mirror
an empty room with a window
a bathroom with a toilet a sink and mirror
an empty room with windows
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Description

Offered as a stabilized multifamily portfolio, this opportunity includes three townhome-style condo units located at 5857 NE Prescott St in Portland, within the desirable Cully neighborhood. The property consists of newer-construction homes with consistent, efficient layouts designed for strong long-term rental performance. Each unit offers approximately 855 square feet with 2 bedrooms and 1.1 bathrooms, featuring an open great room concept on the main level and a single ensuite bathroom upstairs....Offered as a stabilized multifamily portfolio, this opportunity includes three townhome-style condo units located at 5857 NE Prescott St in Portland, within the desirable Cully neighborhood. The property consists of newer-construction homes with consistent, efficient layouts designed for strong long-term rental performance. Each unit offers approximately 855 square feet with 2 bedrooms and 1.1 bathrooms, featuring an open great room concept on the main level and a single ensuite bathroom upstairs. One unit is street-facing, while the remaining two units are set behind a secured gate, providing an added layer of privacy, security, and peace of mind that is attractive to long-term tenants. The homes showcase modern architecture and elevated design that resonates with today’s renters, including light-filled interiors, fireplaces anchoring the living spaces, private back patios, and fenced yard areas that enhance livability and tenant retention. Energy-efficient mini-split systems provide year-round heating and cooling, aligning with tenant expectations while supporting operational efficiency. The location continues to perform well as a rental market, offering close proximity to neighborhood restaurants, coffee shops, retail, parks, and convenient access throughout Northeast Portland. Strong walkability and bike access further support sustained tenant demand. All units are currently tenant-occupied with stabilized market rents ranging from $1,775 to $2,175 per month, providing immediate in-place income. There is a modest homeowners association of $40 per month plus water. Income figures are per seller-provided rent roll, with certain expenses estimated. Buyer to perform all due diligence regarding financials, operating expenses, and projected rental cash flow. This portfolio presents a clean, low-maintenance opportunity to bolster an investment portfolio with modern construction, desirable unit mix, and stabilized revenue in a proven Northeast Portland location.
  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 5871 Northeast Prescott Street

Subdivision
CULLY
Parking Features
On Street
Zoning
CM2
View
Trees Woods
Garage Spaces
.00
Parking Total
.00
LISTING UPDATED: 02/21/2026 12:12 AM

Property Details for 5871 Northeast Prescott Street

StatusActive
MLS #771192738
Days on Market30
Taxes$12,575 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family
Year Built2024
Lot Size-
CountyMultnomah County

Location

Listing Courtesy of Keller Williams Realty Portland Premiere
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Building Information for 5871 Northeast Prescott Street

Stories2Residences3Year Built2024Building Size-Lot Size-

Payment Calculator

$4,946 per month

30 year fixed, 6.15% Interest

Principal and Interest

$3,899

Property Taxes

$1,048

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 5871 Northeast Prescott Street

Summary
Location and General Information
  • Country: US
  • Directions: NE Cully Blvd, W on 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: $12,574.69
  • Parcel Number: R723494
  • Parcel Number 2: R723493
  • Parcel Number 3: R723488
  • Tax Legal Description: PRESCOTT STREET CONDOMINIUM, UNIT 7; UNIT 6 & UNIT 1
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Property
Lot Information
  • Lot Description: Level
  • Lot Size Range: Sq Ft7000to9999
  • Lot Size: 7,000 to 9,999 Sq Ft
Property and Assessments
  • Property Type: Multi Family
  • Water Description: Public Water
  • Property Condition: New Construction
  • Year Built: 2024
Utilities
  • Cooling Description: Heat Pump, Mini Split
  • Fuel Description: Electricity
  • Heating Description: Mini Split
  • Hot Water Description: Electricity, Tank
  • Sewer Description: Public Sewer
  • Rent Includes: None
Interior and Exterior Features
Exterior Features
  • Exterior Description: Cement Siding
  • Roof Type: Composition
Interior Features
  • Basement: Crawl Space
  • Foundation Details: Concrete Perimeter, Slab
  • Stories: 2
Multi Family
Multi-Family Information
  • Number Of Units Total: 3
  • Gross Income Actual: $69,411.00
  • Gross Rent Multiplier: $11.52
  • Investor Information: According To Owner, Incomplete, Rent Records
  • Net Income Actual: $48,087.00
  • Operating Expense: $21,324.00
  • Security Features: Security Gate, Sidewalk
  • Storage: None
  • Unit Type Type: Unit Type Type1, Unit Type Type2, Unit Type Type3
  • SqFt Approximate Building Total: 2565
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, Fireplace, Microwave
  • 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, Fireplace, Microwave
  • Unit Type 2 Rent: $1,795
  • Unit Type 2 SqFt: 855.0
  • Unit Type 2 Units Total: 1
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, Fireplace, Microwave
  • Unit Type 3 Rent: $1,775
  • Unit Type 3 SqFt: 855.0
  • Unit Type 3 Units Total: 1

Property History for 5871 Northeast Prescott Street

DateEvent & SourcePriceAppreciation
Dec 10, 2025

Sold (Public Record)

Public Record #1922907966

$259,900—
DateEvent & SourcePrice
12/10/2025

Sold (Public Record)

Public Record #1922907966

$259,900

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

Public Records for 5871 Northeast Prescott Street

Taxable ValueLand-Additions-Total-
Tax Record2025$4,347 ($362 / month)
Home Facts
Beds0Total Finished SqFt879 SqFtAbove Grade Finished SqFt879 SqFtStyleCondominiumYear Built2024CountyMULTNOMAHAPN1N2E19AD 90008

Schools near 5871 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 5871 Northeast Prescott Street, Portland, OR 97218

5871 Northeast Prescott Street is a multi-family home for sale in Portland, OR 97218. This property was listed for sale on January 22, 2026 by Keller Williams Realty Portland Premiere, it's currently listed at $799,900. It has been on the market for a total of 30 days and was last sold on December 10, 2025. 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. 5871 Northeast Prescott Street is a 0-bed, 0-bath, 2,565 sqft multi-family home built in 2024.

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: 02/21/2026 12:12 AM