1647 NE Market Dr - Apartments FOR SALE


Fairview, OR 97024
$750,000 USD
503-816-7167
1647 NE Market Dr, Fairview, OR for Sale
$750,000 USD
Apartments - FOR SALE
1/84
null | 6.7% Cap Rate

1647 NE Market Dr
Fairview, OR 97024


HIGHLIGHTS

  • 100% Occupied – Stable, long-term tenants
  • Newer construction with updated systems throughout
  • Easy access to I-84 and public transit, Edgefield, Mt Hood CC

OVERVIEW

Fully leased and ready to go — this newer-construction mixed-use investment delivers steady, reliable cash flow with modern systems and minimal maintenance requirements. The ground-floor retail storefront is occupied by a popular local florist with a long tenant history, while the two side by side residential units (a spacious 3-bedroom and a stylish 1-bedroom) each feature private garages — a rare and desirable amenity for tenants in this growing submarket. Located within the Downtown Fairview redevelopment corridor, this property is well-positioned to benefit from the city’s ongoing efforts to revitalize the area with new restaurants, retail, public amenities, and housing. Fairview continues to experience steady population growth of about 1% annually, and home values have outpaced much of Multnomah County. This combination of population and value growth underscores the area’s rising profile and long-term investment appeal. Its prime location near NE Halsey Street offers excellent visibility and walkability, while I-84 access and proximity to I205 ensures convenience for both commercial and residential occupants. This is a true turnkey opportunity — newer systems, strong tenancy, and a proven rental history — perfect for investors seeking dependable returns and future appreciation potential in one of East Multnomah County’s most promising growth areas.

FOR SALE DETAILS

PRICE

$750,000 USD

PRICE/SF

$172 USD /SF

# OF UNITS

3

PRICE/UNIT

$250,000

CAP RATE

6.7%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Turnkey Fairview Mixed-Use Investment

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2005

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,049 SF

ZONING

FV

APN/PARCEL ID

R546827,R546828,R546829

ASK ABOUT THIS PROPERTY

David AbramsThink Real EstateMore Info
503-816-7167

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David AbramsThink Real EstateMore Info
503-816-7167

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