2165 NE Multnomah St - Apartments FOR SALE


Portland, OR 97232- Sullivan's Gulch
$1,075,000 USD
503-704-9173
2165 NE Multnomah St, Portland, OR for Sale
$1,075,000 USD
Apartments - FOR SALE
1/15
null | 5.26% Cap Rate

2165 NE Multnomah St
Portland, OR 97232
Sullivan's Gulch


HIGHLIGHTS

  • Extra Large Layouts
  • Private Decks & Patios
  • Washer / Dryer in each unit
  • Off Street Parking
  • Highly Desirable Neighborhood
  • Stable Rent History

OVERVIEW

Ideally situated in the highly sought-after Sullivan’s Gulch neighborhood—just south of NE Broadway’s coffee shops, restaurants, boutiques, and light rail—this four-unit property combines strong rental income with an unbeatable location. Tenants love the spacious, townhouse-style layouts, private outdoor spaces, in-unit laundry, decks/patios & off-street parking. Brand new Studio unit was added in 2023, equipped with Sprinkler System. With reliable renters and a proven income record, this is a rare opportunity to own a stable, low-maintenance investment in one of Portland’s most desirable close-in locations

FOR SALE DETAILS

PRICE

$1,075,000 USD

PRICE/SF

$236 USD /SF

# OF UNITS

4

PRICE/UNIT

$268,750

CAP RATE

5.26%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sullivan's Gulch Four-Plex

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1975

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

5,000 SF

ZONING

R2.5

APN/PARCEL ID

R181857

ASK ABOUT THIS PROPERTY

Kathy RogersTownship Properties Real EstateMore Info
503-704-9173

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Kathy RogersTownship Properties Real EstateMore Info
503-704-9173

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