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Listed by Barry Investment Real Estate
$ 1,639,000
Est. payment | /mo
12,247 SqFt
$ 1,639,000
Est. payment | /mo
12,247 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 12,247 sqft
Price per Sqft $133
MLS Listing ID 263315632
HOA Y/N No
Year Built 1910
Annual Tax Amount $6,441
Tax Year 2025
Lot Size 10,018 Sqft
Property Description
The NE 6th Ave Apartments is an 11-unit multifamily asset located in Portland's desirable close-in Northeast submarket. Originally constructed in 1910, the property features classic early-20th century architecture with strong in-place income and attractive going-in fundamentals. The unit mix includes a combination of studios, one-bedroom, and larger two- and three-bedroom units, offering broad tenant appeal. As of April 2026, the property generates $15,405/month in rental income, with additional upside potential through operational efficiencies and organic rent growth. The asset includes a large unfinished basement and attic, providing potential for future revenue-generating improvements such as storage or bike parking, or other creative ideas (buyer to verify feasibility).Situated on a 0.23-acre lot, the property benefits from a unique, community-oriented setting with open space and garden areas - an uncommon feature for close-in Northeast Portland assets. The NE 6th Ave Apartments present investors with a stable, in-place income-producing opportunity at an attractive basis in one of Portland's most desirable rental locations.
Location
State OR
County Multnomah
Community Laundry
Area _142
Zoning R2.5
Rooms
Basement Unfinished
Interior
Heating Forced Air
Cooling None
Exterior
Community Features Laundry
View Park Greenbelt
Roof Type Composition
Garage No
Building
Lot Description Level
Story 2
Foundation Block
Sewer Public Sewer
Water Public Water
Level or Stories 2
Schools
Elementary Schools Sabin
Middle Schools Harriet Tubman
High Schools Jefferson
Others
Acceptable Financing CallListingAgent, Cash, Conventional
Listing Terms CallListingAgent, Cash, Conventional
