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Listed by Barry Investment Real Estate
$ 1,625,000
Est. payment | /mo
9,250 SqFt
$ 1,625,000
Est. payment | /mo
9,250 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 9,250 sqft
Price per Sqft $175
Subdivision Mill Park
MLS Listing ID 211615530
Year Built 1976
Annual Tax Amount $17,986
Tax Year 2025
Lot Size 0.770 Acres
Property Description
SE 130th Avenue Apartments is a unique 8-unit multifamily investment opportunity located in Portland's Mill Park neighborhood of SE Portland. Situated on approximately 0.77 acres, the property offers a low-density residential setting consisting of a diverse mix of duplexes, a triplex, and a freestanding single-family home, creating an attractive alternative to traditional apartment product in the East Portland market.The property includes seven spacious 2-bedroom/1-bath apartment units averaging approximately 950 square feet, along with a separately situated 2,600 square foot 3-bedroom/2-bath single-family residence featuring a full basement and private fenced backyard. The diverse unit mix provides investors with an appealing blend of apartment and residential-style living environments that are increasingly difficult to replicate in today's development environment.The apartment units feature an attractive amenity package including private enclosed patio areas, in-unit washer/dryer hookups with owner-provided appliances, ductless mini-split heating and air conditioning systems, insulated vinyl windows, and upgraded luxury vinyl plank flooring throughout many of the interiors. The spacious floorplans offer bright living areas with strong natural light and functional layouts designed for comfortable day-to-day living. The combination of larger unit sizes, air conditioning, private outdoor spaces, and in-unit laundry amenities has contributed to strong tenant demand and long-term resident retention.The freestanding home has undergone extensive renovations, including a full interior remodel completed in 2022 featuring updated flooring, refinished hardwood floors, new kitchen appliances, masonry waterproofing improvements, a newer roof installed in 2021, updated gas furnace in 2019, and a new gas fireplace insert.
Location
State OR
County Multnomah
Area _143
Zoning RM1
Rooms
Basement Full Basement
Interior
Heating Forced Air, Wall Heater
Cooling Mini Split
Exterior
Roof Type Composition
Garage No
Building
Lot Description Level
Foundation Block
Sewer Public Sewer
Water Public Water
Schools
Elementary Schools Menlo Park
Middle Schools Floyd Light
High Schools David Douglas
Others
Acceptable Financing CallListingAgent, Cash, Conventional
Listing Terms CallListingAgent, Cash, Conventional
