Cambridge Townhomes

    • Number of Units: 18 Townhomes

    • Unit Mix: 3 Bed / 3 Bath

    • Average Unit Size: 1,431 SF (includes attached garage)

    • Year Built: 2025

    • Average Rent: $2,645/month

    • Current Occupancy: 78% Leased (14/18 units)

    • Cap Rate: 5.7%

    • Gated community providing added privacy and security

    • On-site playground within shared common area

  • FOR SALE

    Accepting Offers

Lead Advisor:

Ben Murphy

15065 SE Division Street | Portland, OR 97236

New Construction Townhome Community with Condo-Quality Finishes

Cambridge Townhomes is a newly constructed, gated multifamily community located along SE Division Street in Portland, Oregon. Built in 2025, the property consists of 18 thoughtfully designed three-bedroom townhomes offering modern finishes, private outdoor space, and attached garages — features that strongly appeal to today’s renters seeking both comfort and convenience.

With 14 of 18 units currently leased (78% occupancy), the property presents an opportunity to acquire a stabilized, low-maintenance asset with continued lease-up potential in a growing East Portland submarket.

Interior Features

Each townhome is designed with high-end finishes that deliver a condo-quality living experience:

  • Custom cabinetry

  • Quartz countertops

  • In-unit air conditioning

  • Electric fireplace

  • In-unit laundry

  • Private fenced yards

  • Attached garages

These features help drive tenant demand, support strong rental rates, and reduce long-term turnover.

Location

Situated on SE Division Street, Cambridge Townhomes benefits from convenient access to neighborhood retail, schools, parks, and major commuter routes. The location offers residents a balance of suburban comfort with proximity to urban amenities, supporting long-term rental demand in the area.

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