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Joe Saling

joe@sellingpdxhomes.com +1(503) 910-7364

Listed by Northwest Realty Source • info@nwrealtysource.com

$ 1,950,000

Est. payment | -/mo

12,224 SqFt

Save Virtual Tour

$ 1,950,000

Est. payment | -/mo

Save Virtual Tour

12,224 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 12,224 sqft

Price per Sqft $159

Subdivision Powellhurst - Gilbert

MLS Listing ID 534869674

HOA Y/N No

Year Built 2006

Annual Tax Amount $32,727

Tax Year 2025

Lot Size 0.470 Acres

Property Description

Turn-key 8-plex investment opportunity in SE Portland, offering the ideal blend of strong current performance, tenant-friendly design, and future upside. 6.55% CAP Rate. Built in 2006, this well-maintained multi-family asset consists of 4 separate buildings with 8 townhouse-style units, a highly desirable layout that consistently attracts long-term tenants. Each spacious unit features 3 bedrooms, 2.5 bathrooms, 1,528 square feet, plus an attached garage, a premium feature that supports stronger rents and tenant retention. Designed for today's rental demand, the floor plan is optimized for dual roommate or multigenerational living, with a private bedroom and full bath on the garage level offering both interior and exterior access, ideal for privacy, guest space, or shared living arrangements. The main living spaces are bright and functional, and every unit includes a spacious low-maintenance composite deck, giving tenants valuable outdoor living space without added upkeep concerns. The property offers ample parking with 20 off-street spaces in addition to the attached garages, a rare and valuable amenity in this close-in SE Portland location. Each residence also includes its own washer and dryer, further enhancing convenience and long-term tenant appeal. Currently 100% occupied and professionally managed, this is a true stabilized, income-producing asset with immediate cash flow from day one. In addition to its strong occupancy history, there remains clear room for income growth through moderate rent increases, making this an excellent opportunity for both seasoned and first-time multifamily investors seeking yield and appreciation potential. Ideally situated in a high-convenience SE Portland location near major bus lines, shopping, and everyday services, the property checks the boxes for accessibility, lifestyle, and consistent rental demand. A rare opportunity to acquire a modern, low-maintenance multifamily investment with strong unit design, premium amenities.

Location

State OR

County Multnomah

Area _143

Zoning RM1

Rooms

Basement Finished

Interior

Heating Wall Heater

Cooling None

Exterior

Garage Spaces 8.0

Roof Type Composition

Garage No

Building

Lot Description Level

Story 2

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public Water

Level or Stories 2

Schools

Elementary Schools Clark

Middle Schools Harrison Park

High Schools Leodis Mcdaniel

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Virtual Tour https://www.zillow.com/view-imx/8cd38e36-4670-432e-8d88-865ba8d68d72?initialViewType=pano&hidePhotos=true&setAttribution=mls&wl=true&utm_source=email&utm_medium=email&utm_campaign=emo-floorplancompleted

Regional Multiple Listing Service (RMLS)

NEARBY SCHOOLS & BUSINESSES

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8423 SE Brooklyn ST Portland, OR 97266