1901-1943 SE 122nd Ave - Apartments FOR SALE


Portland, OR 97233- Mill Park
$5,460,000 USD
503-241-5541
1901-1943 SE 122nd Ave, Portland, OR for Sale
$5,460,000 USD
Apartments - FOR SALE
1/40
null | 6.38% Cap Rate

1901-1943 SE 122nd Ave
Portland, OR 97233
Mill Park


OVERVIEW

HFO is pleased to present Beverly Rose Terrace, a 42-unit multifamily community offering investors a compelling value-add opportunity in East Portland. The property provides a clear path to income stabilization through lease-up, mark-to-market rent growth, and operational improvements rather than significant capital investment. Comprised almost entirely of spacious two-bedroom apartment homes with in-unit washers and dryers, air conditioning, and assigned off-street parking, Beverly Rose Terrace is well positioned to attract and retain long-term residents. Located adjacent to the newly redeveloped Mill Park and within close proximity to Adventist Health Portland, Walla Walla University School of Nursing, and the East Portland Community Center, the property benefits from a strong employment base and abundant neighborhood amenities. Convenient access to US-26, I-205, TriMet transit, and nearby retail further enhances its appeal, making Beverly Rose Terrace an attractive opportunity to acquire a well-located asset with significant upside potential through disciplined asset management.

FOR SALE DETAILS

PRICE

$5,460,000 USD

PRICE/SF

$151 USD /SF

# OF UNITS

42

PRICE/UNIT

$130,000

CAP RATE

6.38%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Beverly Rose Terrace Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1999

PARKING SPACES

42

LAND DETAILS

LAND ACRES

0.94 AC

LAND SF

40,946 SF

ZONING

R1

APN/PARCEL ID

R145762

ASK ABOUT THIS PROPERTY

Jack StephensHFO Investment Real EstateMore Info
503-241-5541

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Jack StephensHFO Investment Real EstateMore Info
503-241-5541

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