17440 E Burnside St - Apartments FOR SALE


Portland, OR 97233- Rockwood
$3,550,000 USD
503-208-9393
17440 E Burnside St, Portland, OR for Sale
$3,550,000 USD
Apartments - FOR SALE
1/12
null | Request Cap Rate

17440 E Burnside St
Portland, OR 97233
Rockwood


HIGHLIGHTS

  • Metal Frame Building
  • New siding, paint, windows, fences, and gutters
  • Value add opportunity
  • On the MAX line
  • Great mix of flats and townhouse units

OVERVIEW

Burnside Firs Apartments presents a prime investment opportunity in the dynamic Rockwood neighborhood of Portland, Oregon. This well-maintained multifamily asset combines strong financial performance with significant growth potential, making it an attractive addition to any investment portfolio. These metal framed buildings house 24 units, consisting of flats and townhouse style units, which have recently been updated with new siding, paint, gutters, and fences. With historically great occupancy, a new investor can choose to improve unit interiors or just operate normally and continue to bring all units to market rents upon turnover. Tenants tend to stay because of its tranquil setting and meticulous appearance. Positioned in one of Portland’s most rapidly evolving areas, Burnside Firs benefits from recent community revitalization efforts that foster a diverse and inclusive environment. Investors will appreciate its stable cash flow, potential for long-term appreciation, and the opportunity to capitalize on Rockwood’s continued transformation. Rockwood, located in Gresham, Oregon, is a compelling choice for real estate investment. The property’s location on the MAX streetcar line, presents a strategic location that offers a balance of suburban tranquility and urban accessibility, with convenient connections to downtown Portland and major transportation routes. The neighborhood’s ongoing redevelopment, growing economy, and strong rental demand create a favorable market for multifamily assets. Residents enjoy a vibrant cultural scene, abundant recreational amenities, and proximity to educational institutions, all of which contribute to sustained housing demand.

FOR SALE DETAILS

PRICE

$3,550,000 USD

PRICE/SF

$165 USD /SF

# OF UNITS

24

PRICE/UNIT

$147,917

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Burnside Firs

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1992

PARKING SPACES

30

LAND DETAILS

LAND ACRES

1.08 AC

LAND SF

47,045 SF

ZONING

MDR24, Gresham

APN/PARCEL ID

R321583,R321747

ASK ABOUT THIS PROPERTY

Hugh HoltmanSVN | Imbrie RealtyMore Info
503-208-9393

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Hugh HoltmanSVN | Imbrie RealtyMore Info
503-208-9393

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