2136 NW Johnson St - Apartments FOR SALE


Portland, OR 97210- Uptown Portland
$2,095,000 USD
503-205-0610
2136 NW Johnson St, Portland, OR for Sale
$2,095,000 USD
Apartments - FOR SALE
1/17
null | 5.84% Cap Rate

2136 NW Johnson St
Portland, OR 97210
Uptown Portland


HIGHLIGHTS

  • Prime NW Portland location with Walk Score 98
  • Potential to add two units
  • Substantial capital improvements completed
  • Wood frame construction with brick veneer
  • Strong in-place cash flow with upside
  • Well-maintained with low deferred maintenance

OVERVIEW

Ethos Commercial Advisors is pleased to present Kaye Manor Apartments, a 13-unit vintage apartment community located in the heart of Portland’s iconic Alphabet District. Built in 1905 and meticulously maintained by long-term ownership, the property features 9 studio units and 4 one-bedroom units, with potential for 2 additional units in the basement. Kaye Manor combines historic character with thoughtful modern upgrades, offering a unique investment opportunity in one of Portland’s most desirable rental submarkets. Kaye Manor is a compelling long-term hold with embedded value in its condition, location, and expansion potential. The opportunity to build out additional units in the basement offers strong upside. The NW Portland market remains one of the most desirable rental submarkets in the region, with high demand and limited supply.

FOR SALE DETAILS

PRICE

$2,095,000 USD

PRICE/SF

$303 USD /SF

# OF UNITS

13

PRICE/UNIT

$161,154

CAP RATE

5.84%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Kaye Manor Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1926

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

5,001 SF

ZONING

RM3

APN/PARCEL ID

R198484

ASK ABOUT THIS PROPERTY

Brian HansonEthos Commercial Advisors LLCMore Info
503-205-0610

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Brian HansonEthos Commercial Advisors LLCMore Info
503-205-0610

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