14937 SE Stark St - Apartments FOR SALE


Portland, OR 97233- Glenfair
$2,200,000 USD
206-566-6593
14937 SE Stark St, Portland, OR for Sale
$2,200,000 USD
Apartments - FOR SALE
1/15
null | Request Cap Rate

14937 SE Stark St
Portland, OR 97233
Glenfair


OVERVIEW

14937 SE Stark St presents an opportunity to acquire a well-located 16-unit apartment community in Portland’s Mid-County submarket on nearly three quarters of an acre. Across four buildings, 12 of the 16 units were built between 2001 and 2005, with one fourplex built in 1966. The unit mix is highly attractive with the majority being 2-bed / 1.5-bath townhouse-style layouts that provide strong livability and long-term tenant appeal. The asset benefits from solid construction, functional layouts, and a quiet setting set back from Stark Street. 12 units feature in-unit laundry, and the property offers plenty of off-street parking. The newer buildings in particular reflect durable construction and systems that limit near-term capital needs, while the overall site design creates a low-density, residential feel. Currently fully leased, the property offers clear upside through operational improvements and light rent increases. With strong fundamentals, desirable townhouse-style units, and meaningful room for income growth, 14937 SE Stark St represents a stable, income-producing asset with a straightforward path to enhanced returns in a solid East Portland location.

FOR SALE DETAILS

PRICE

$2,200,000 USD

PRICE/SF

$156 USD /SF

# OF UNITS

16

PRICE/UNIT

$137,500

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2005

PARKING SPACES

26

LAND DETAILS

LAND ACRES

0.73 AC

LAND SF

31,799 SF

ZONING

RM3

APN/PARCEL ID

R109805

ASK ABOUT THIS PROPERTY

Matthew MillerSMI Real EstateMore Info
206-566-6593

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Matthew MillerSMI Real EstateMore Info
206-566-6593

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.