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Key Details
Sold Price $5,897,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 30,940 sqft
Price per Sqft $190
Subdivision Trio Addition
MLS Listing ID 585932628
Sold Date 09/10/26
Year Built 1971
Annual Tax Amount $82,370
Tax Year 2025
Lot Size 2.760 Acres
Property Description
Dickinson Crossing presents a rare & flexible investment opportunity in SW Portland. The offering includes 43 well-maintained 1- & 2-bedroom units (41,970 sf lot) plus add'l 80,168 SF of raw land on 2 separate tax lot(s). Seller is completing a 3 lot partition to separate the apartments from raw land, allowing for either a partial sale or full property sale. (Partial sale subject to final plat recording). The vacant land is zoned RM1, offering multiple development options, apartments, townhomes, or other middle-housing concepts. Buyers to perform their own due diligence. The existing apartment community has been carefully maintained by long-term ownership, with clean grounds and many long-term renters. Strong demand in this location supports stable occupancy. The property sits directly on a TriMet bus line and minutes from RESTAURANTS - Walter Mitty's, Original Pancake House, The Old Barn, Buster's BBQ, Kuang's, Sushi. FAST FOOD - Dominos, Taco Time, Wendy's, McDonald's. LODGING - Aladdin Inn & Suites, Comfort Suites, All comfort Residential Care. SERVICES - Tri Met Transit Center, Les Schwab Tire Center, Veterinary Hospital, Goodwill Donation. GROCERY - Walgreens, Fred Meyer, Safeway, Barbur Liquor. SCHOOLS - PCC Campus, Markham, Jackson & Wilson, Oregon School of Massage. PARKS - Holly Farm, Dickinson, Spring Garden. GAS - Chevron, Shell. Lot B). 24,515 sf lot for future dev/building along Dickinson St. Lot C). 55,653 sf lot for future dev/building, on SW Comus St. The development potential creates an outstanding opportunity.
Location
State OR
County Multnomah
Community Alllandscaping, Laundry
Area _148
Zoning R2
Rooms
Basement None
Interior
Heating Mini Split
Cooling Mini Split
Exterior
Garage Spaces 1.0
Community Features AllLandscaping, Laundry
Roof Type Composition
Garage No
Building
Lot Description Gentle Sloping, Level, Public Road
Story 2
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public Water
Level or Stories 2
Schools
Elementary Schools Markham
Middle Schools Jackson
High Schools Other
Others
Acceptable Financing Cash, Contract, Conventional
Listing Terms Cash, Contract, Conventional
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