16-18 NE Graham St - Apartments FOR SALE


Portland, OR 97212- North Eliot
$995,000 USD
503-720-8147
16-18 NE Graham St, Portland, OR for Sale
$995,000 USD
Apartments - FOR SALE
1/3
null | 5.15% Cap Rate

16-18 NE Graham St
Portland, OR 97212
North Eliot


HIGHLIGHTS

  • Turnkey investment with extensive updates throughout with two units below market rent, creating immediate rental upside
  • Rare historic character paired with modern improvements with newer appliances & flooring throughout the units
  • Owner-occupant potential with the ability to offset housing costs through rental income
  • Minutes from the North Williams & Vancouver corridors, known for popular restaurants, cafés, shops, and neighborhood amenities
  • Highly walkable and bikeable urban setting with everyday conveniences - Bike Score of 97 and Walk Score of 89
  • Excellent connectivity throughout Portland, with convenient access to downtown, the Central Eastside, and surrounding neighborhoods

OVERVIEW

The Graham 4-plex is a turnkey renovated vintage apartment located in one of Portland’s best neighborhoods – ideal for an investor or an owner-occupant. Originally constructed in 1900, the Graham 4-Plex presents a rare opportunity to acquire a piece of Portland’s architectural heritage in turnkey condition. The property features four well-appointed 600 SF one-bedroom, one-bath units, each thoughtfully renovated while preserving the distinctive architectural character that makes vintage Portland properties so desirable. Two of the four units are currently leased below market rents, providing a clear path to additional income growth for the next owner. The property offers an attractive combination of current cash flow and future upside, making it well suited for investors seeking yield and long-term appreciation potential. Every unit has been meticulously maintained and upgraded with modern kitchens, bathrooms, flooring, and newer appliances. Tenants benefit from a shared back patio, onsite laundry, dedicated bike storage, and secure entry, features that enhance both resident satisfaction and the property's rental appeal. The architectural details of the Graham 4-Plex have been remarkably preserved over more than a century, offering the charm and character investors increasingly seek in Portland's vintage housing stock. At the same time, extensive modernization means the property delivers the functionality and reliability expected from a modern investment property. The Graham 4-Plex strikes the ideal balance between timeless character and modern performance. For investors, it offers a stabilized, turnkey asset with identifiable rental upside. For an owner-occupant, it provides the opportunity to live in one unit while rental income helps offset the cost of ownership. In a market where historic character commands attention but modern efficiency drives value, the Graham 4-Plex stands apart: a beautifully preserved 1900 property, thoughtfully renovated for today’s market, with income upside from day one.

FOR SALE DETAILS

PRICE

$995,000 USD

PRICE/SF

$414 USD /SF

# OF UNITS

4

PRICE/UNIT

$248,750

CAP RATE

5.15%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,614 SF

ZONING

RM2

APN/PARCEL ID

R102443

ASK ABOUT THIS PROPERTY

Jordan CarterKidder MathewsMore Info
503-720-8147

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Jordan CarterKidder MathewsMore Info
503-720-8147

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