Positioned just outside the heart of Multnomah Village, this newly built 7 unit investment opportunity pairs efficient modern construction with one of Southwest Portland’s most established neighborhood settings. The property is configured as a fourplex and triplex and offers seven 2 bedroom, 2½ bathroom residences totaling approximately 6,760 square feet. Each home features a thoughtfully designed two story floor plan with an open main level connecting the kitchen, dining area, and living room, plus a private patio that extends usable living space outdoors. Upstairs, each residence includes two bedrooms, two full bathrooms, and conveniently located laundry, while energy efficient mini splits provide year round heating and cooling. The consistent unit mix supports straightforward management, while the mix of end and interior units creates natural differentiation across the property. An exceptional 83 Walk Score strengthens long term tenant appeal, with Multnomah Arts Center, Village Coffee, Fat City Cafe, Annie Bloom’s Books, Grand Central Bakery, and the broader collection of shops, dining, services, and neighborhood amenities of Multnomah Village all nearby. The location also provides convenient access to major Southwest Portland transportation corridors and employment centers while retaining the walkability and neighborhood character that continue to attract residents to this area. New construction gives investors the benefit of modern systems, efficient layouts, and reduced near term capital expenditure compared with older multifamily inventory. Every detail reflects the vision of a multi-year Street of Dreams builder, blending elevated design with everyday livability and backing every home with an exceptional warranty. This is how your investment was meant to be.
Active
$3,184,300
7574 SW 31st Ave, Portland, OR 97219
14beds
6,760sqft
Multi Family
Built in 2026
-- sqft lot
$-- Zestimate®
$471/sqft
$-- HOA
What's special
Two bedroomsConveniently located laundry
- 22 days
- 22
- 2
Zillow last checked:
Listing updated:
Listed by:
Darryl Bodle 503-709-4632,
Keller Williams Realty Portland Premiere,
Kelly Christian 908-328-1873,
Keller Williams Realty Portland Premiere
Source: RMLS (OR),MLS#: 460796463
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 14
- Bathrooms: 21
- Full bathrooms: 14
- Partial bathrooms: 7
Heating
- Heat Pump, Mini Split
Cooling
- Heat Pump, Air Conditioning
Appliances
- Included: Dishwasher, Range, Electric Water Heater, Tank Water Heater
- Laundry: Washer Dryer Hookup
Features
- Basement: Crawl Space
Interior area
- Total structure area: 6,760
- Total interior livable area: 6,760 sqft
Video & virtual tour
Property
Parking
- Parking features: None
Features
- Stories: 2
- Has view: Yes
- View description: Trees/Woods
Lot
- Size: 6,098 Square Feet
- Features: Level, SqFt 5000 to 6999
Details
- Parcel number: New Construction
- Zoning: CM1
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Cement Siding, Lap Siding
- Foundation: Concrete Perimeter, Stem Wall
- Roof: Composition
Condition
- New Construction
- Year built: 2026
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Security: Sidewalk
- Subdivision: Multnomah Village
Location
- Region: Portland
Financial & listing details
- Price per square foot: $471/sqft
- Date on market: 8/19/2026
- Listing terms: Cash,Conventional
- Total actual rent: 17200
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 9/4/2026 | Listed for sale | $3,184,300$471/sqft |
Source: | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Multnomah
Nearby schools
Schools provided by the listing agent
- Elementary: Maplewood
- Middle: Jackson
- High: Ida B Wells
Source: RMLS (OR). This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.






