6603 N Seneca St, Portland, OR 97203

• 4,868 sqft

Property Description

New construction detached cottage portfolio near St. Johns offering four detached homes in one North Portland location with a projected 5.09% cap rate at stabilization. The offering includes 6605 N Seneca St, 9411 N Macrum Ave, 9415 N Macrum Ave, and 9421 N Macrum Ave, totaling 4,868 square feet with 12 bedrooms, 8 full bathrooms, and 4 half bathrooms across the four homes. Each residence offers 3 bedrooms and 2.1 bathrooms, with living, dining, kitchen, and half bath on the main level, plus all bedrooms, 2 full bathrooms, and laundry upstairs. The two larger homes offer 1,253 square feet each, while the two interior homes offer 1,181 square feet each. 6605 N Seneca St includes the premium yard space in the community, while 9421 N Macrum Ave offers an end position with patio space. Whole home ducted heat pump systems provide efficient year round heating and cooling, while whole house ventilation and one year builder warranties add to the new construction package. This offering gives investors four detached rental homes with separate addresses, efficient footprints, individual outdoor areas, and broad tenant appeal. Near downtown St. Johns, Cathedral Park, Pier Park, New Seasons Market University Park, local coffee, food carts, restaurants, transit, bike routes, Lombard access, and connections toward University Park, Kenton, and downtown Portland, the location supports everyday convenience and long term rental demand. Projected cap rate, rental assumptions, and expenses are approximated and should be independently verified.

Listing Status:

Active

Date Added:

May 26, 2026

Data Last Updated:

June 18, 2026 at 2:43PM

Listing Office:

Keller Williams Realty Portland Premiere : 503-597-2444

Listing Agent:

Darryl Bodle : 503-709-4632

MLS ID:

207223178

Interior

• Basement: Crawl space
• A/C: Heat pump
• Heating: Forced air

Exterior

• General: Cement sidingLap siding
• Parking: On streetParking spaces: 0

Construction

• Roofing: Composition
• General: Concrete perimeterStem wall

Location

• Road/Access: Paved
• Originating MLS: Regional Multiple Listing ServiceInc.
• County: Multnomah

Lot

• Zoning: R2.5TBDNew Construction
• View: View

Utilities

• Water: Public water
• Sewer: Public sewer

Financial

• Source: Regional Multiple Listing ServiceInc.