17726 SE Division St - Apartments FOR SALE


Portland, OR 97236
$11,600,000 USD
503-998-7413
17726 SE Division St, Portland, OR for Sale
$11,600,000 USD
Apartments - FOR SALE
1/94
null | 7.01% Cap Rate

17726 SE Division St
Portland, OR 97236


OVERVIEW

» Recent Exterior Envelope Renovation Reduces Near-Term Capital Needs Ownership has completed a comprehensive exterior upgrade including new siding, a new roof, and new windows, significantly improving the building envelope. These improvements reduce near-term capital expenditure requirements while enhancing durability, energy efficiency, and curb appeal. » Demonstrated Capital Commitment by Current Ownership The substantial recent capital investment signals proactive asset stewardship and provides incoming ownership with a well-maintained physical plant, allowing a new owner to focus on operational performance rather than immediate deferred maintenance. » High-Visibility Location Along SE Division Street Corridor Positioned directly on SE Division Street, the property benefits from strong visibility and accessibility along one of East County’s primary commercial corridors connecting Portland and Gresham, supporting tenant demand and long-term leasing stability. » Established East Portland / Gresham Submarket Located within a mature and densely populated East County submarket, the property benefits from stable surrounding residential density, established retail amenities, and consistent consumer demand that support long-term tenancy. » Durable 1979 Construction with Updated Exterior Systems Originally constructed in 1979, the property offers durable construction while benefiting from recent modernization of critical exterior components, effectively blending proven building fundamentals with refreshed infrastructure.

FOR SALE DETAILS

PRICE

$11,600,000 USD

PRICE/SF

$117 USD /SF

# OF UNITS

78

PRICE/UNIT

$148,718

CAP RATE

7.01%

% LEASED

97%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Applegate Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1979

PARKING SPACES

50

LAND DETAILS

LAND ACRES

3.02 AC

LAND SF

131,551 SF

ZONING

N/Av

APN/PARCEL ID

R338182

ASK ABOUT THIS PROPERTY

Rob MartonHFO Investment Real EstateMore Info
503-998-7413

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Rob MartonHFO Investment Real EstateMore Info
503-998-7413

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