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Listed by Barry Investment Real Estate
$ 1,925,000
Est. payment | /mo
10,180 SqFt
$ 1,925,000
Est. payment | /mo
10,180 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 10,180 sqft
Price per Sqft $189
Subdivision Hazelwood
MLS Listing ID 756370414
HOA Y/N No
Year Built 1968
Annual Tax Amount $21,944
Tax Year 2025
Lot Size 0.760 Acres
Property Description
Walnut Manor Apartments is a well-maintained 12-unit multifamily community located at 611 SE 139th Avenue in Portland's Hazelwood neighborhood of SE Portland. Constructed in 1968, the property consists entirely of spacious single-level two-bedroom units, offering residents an attractive low-density living environment that is increasingly rare among comparable vintage apartment communities in the Portland market. Situated on approximately 0.75 acres, the property benefits from an efficient site layout with ample off-street parking and strong overall curb appeal.The community features twelve large 2-bedroom/1-bath floorplans, including eleven units at approximately 830 square feet and one unit at approximately 900 square feet. Each apartment includes private fenced patio areas, washer/dryer hookups with owner-provided appliances, ductless mini-split heating and air conditioning systems, and double-pane vinyl windows. Interior finishes throughout the property include a combination of bamboo flooring and luxury vinyl plank flooring in nearly all units, contributing to strong resident appeal and long-term tenant retention.The units offer bright, comfortable living spaces with abundant natural light, clean neutral finishes, and functional layouts that appeal to a broad tenant base. Spacious kitchens feature ample cabinet storage and full appliance packages, while sliding glass doors provide direct access to private outdoor patio spaces, creating an attractive blend of indoor and outdoor living rarely found in comparable vintage product.Current ownership has completed several meaningful capital improvements over time, including a full roof replacement in 2017 and complete gutter replacement in 2024. Ownership also participated in Energy Trust of Oregon efficiency programs, resulting in upgraded insulation, vinyl windows, and additional energy-efficiency improvements throughout the property. Unit interiors have also been thoughtfully upgraded during turnover periods.
Location
State OR
County Multnomah
Area _143
Zoning R3
Interior
Heating Wall Heater
Cooling Mini Split
Exterior
Roof Type Composition
Garage No
Building
Lot Description Level
Story 1
Foundation Block
Sewer Public Sewer
Water Public Water
Level or Stories 1
Schools
Elementary Schools Menlo Park
Middle Schools Floyd Light
High Schools David Douglas
Others
Acceptable Financing CallListingAgent, Cash, Conventional
Listing Terms CallListingAgent, Cash, Conventional
