Unique investment opportunity in the heart of Sellwood-Moreland! Five beautifully designed 2-bedroom, 2.1-bathroom units, offering modern style and unbeatable convenience in one of Portland’s most sought-after neighborhoods. Located just steps away from the Willamette River, charming cafes, trendy restaurants, and vibrant shops along SE Milwaukie. Outdoor adventures, and close to Oaks Park, Sellwood Riverfront Park, and Westmoreland Park—perfect for exploring, relaxing, and making the most of this incredible neighborhood. Step inside, and you’ll immediately notice the open-concept layouts, where natural light pours in through expansive windows and soaring ceilings. The gourmet kitchens are true centerpieces, featuring sleek stainless steel appliances, custom cabinetry, and stylish tile work—perfect for entertaining or just enjoying a quiet night in. Spacious living areas create the ideal atmosphere for gathering, and relaxing. Upstairs are luxurious primary suites offers serene retreats, with additional bedrooms and well-appointed bathrooms provide plenty of space and privacy. Each unit has private, fenced yards—a rare find! Constructed by a reputable, local builder, this development comes with a 1-year builder warranty, so you can settle in with confidence that your investment is secure.
Active
Price cut: $70K (4/24)
$2,239,900
1656 SE Umatilla St, Portland, OR 97202
10beds
4,293sqft
Est.:
Multi Family
Built in 2025
-- sqft lot
$-- Zestimate®
$522/sqft
$-- HOA
What's special
Stylish tile workSleek stainless steel appliancesPrivate fenced yardsOpen-concept layoutsLuxurious primary suitesSoaring ceilingsWell-appointed bathrooms
- 52 days
- on Zillow |
- 390 |
- 10 |
Zillow last checked: 8 hours ago
Listing updated: April 24, 2025 at 04:29am
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#: 475098775

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 10
- Bathrooms: 15
- Full bathrooms: 10
- Partial bathrooms: 5
Heating
- Mini Split
Cooling
- Air Conditioning
Appliances
- Included: Dishwasher, Range, Electric Water Heater
- Laundry: Washer Dryer Hookup
Features
- Basement: Crawl Space
Interior area
- Total structure area: 4,293
- Total interior livable area: 4,293 sqft
Video & virtual tour
Property
Features
- Stories: 2
- Has view: Yes
- View description: Trees/Woods
Lot
- Features: Level, SqFt 5000 to 6999
Details
- Parcel number: New Construction
- Zoning: RM1
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Cement Siding
- Foundation: Concrete Perimeter
- Roof: Composition
Condition
- New Construction
- Year built: 2025
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Sellwood - Moreland
Location
- Region: Portland
Financial & listing details
- Price per square foot: $522/sqft
- Tax assessed value: $593,050
- Annual tax amount: $5,222
- Date on market: 3/18/2025
- Listing terms: Cash,Conventional
- Total actual rent: 13350
- Road surface type: Paved
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