# 5855 NE Prescott St, Portland, OR 97218

> **TL;DR:** 20bd/26ba residential multi family, $5,424,900 ($401/sqft), built 2025, 13,521 sqft.
> A/C. Est. $23,508/mo. Listed 155 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $5,424,900 |
| Price/sqft | $401 |
| Bedrooms | 20 |
| Bathrooms | 26 full |
| Square Feet | 13,521 |
| Year Built | 2025 |
| Stories | 2 |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 155 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $23,508 |
| **Total** | **$23,508** |

## Nearby Schools

- **Elementary:** Rigler
- **Middle:** Beaumont
- **High:** Leodis McDaniel

## Key Amenities

- A/C

## Property Highlights

- Built in 2025
- 2 stories

## Description

### Agent 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 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 Cafe 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.

## Location

- **Address:** 5855 NE Prescott St, Portland, OR 97218
- **County:** Multnomah
- **Neighborhood:** CULLY
- **Coordinates:** 45.555742, -122.602117
- **Google Maps:** https://www.google.com/maps?q=45.555742,-122.602117

## Listing Agent

- **Name:** Darryl Bodle
- **Brokerage:** Keller Williams Realty Portland Premiere
- **Phone:** 5037094632
- **Email:** info@toodb.com

## Primary Photo

![5855 NE Prescott St - Primary Photo](http://lh.rdcpix.com/d30fa9512f950af01da4f101c61566eal-f2922135998r.jpg)

*46 total photos available on [listing page](https://www.propertysimple.com/listing/5855-ne-prescott-st-portland-or-97218-26159155)*

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**MLS#:** 326159155 | **Updated:** 2026-04-24
**Source:** listhub

*Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/5855-ne-prescott-st-portland-or-97218-26159155)

---

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