2201 E Portland St - Apartments FOR SALE


Phoenix, AZ 85006- East Side
$599,000 USD
480-634-6934
2201 E Portland St, Phoenix, AZ for Sale
$599,000 USD
Apartments - FOR SALE
1/26
null | 5.01% Cap Rate

2201 E Portland St
Phoenix, AZ 85006
East Side


HIGHLIGHTS

  • Two fully renovated homes on one lot: 3-bed/1-bath and 2-bed/1-bath
  • Complete 2025 renovation including new flooring, kitchens, appliances, electrical, plumbing, lighting, paint, and landscaping
  • Ideal for investors, house hackers, or multi-generational living
  • Located less than 2 miles from Roosevelt Row Arts District and Downtown Phoenix
  • Situated in a high-growth area with rising property values and strong rental demand
  • Turnkey investment with no deferred maintenance – ready for move-in or immediate rental

OVERVIEW

The Portland Homes – Two Fully Renovated Homes Near Roosevelt Row Located just under two miles from the vibrant Roosevelt Row Arts District in Downtown Phoenix, The Portland Homes is a unique opportunity to own two beautifully updated single-family residences on one lot. The property includes: One 3-bedroom, 1-bathroom home One 2-bedroom, 1-bathroom home Both homes underwent full renovations in 2025, including all-new flooring, modern kitchens, updated appliances, lighting and fixtures, electrical systems, hot water heaters, fresh interior and exterior paint, new gravel landscaping, and numerous structural and cosmetic upgrades. This setup is perfect for: Investors seeking strong rental income Homeowners looking to live in one unit and rent the other Families who want the flexibility of two separate living spaces on one property Situated in a fast-growing area, this location offers unbeatable access to some of Phoenix’s most popular cultural and entertainment hubs. The Roosevelt Row Arts District is just down the road, home to events like First Fridays Art Walk, M3F Music Festival, Phoestivus, and the Pie Social, plus a thriving scene of street art, local dining, nightlife, boutique shopping, and art galleries. You’re also just a 10-minute drive to Arcadia Proper, the Biltmore area, and other premier destinations across the Valley. Don’t miss out on this rare opportunity to own a versatile, fully renovated multi-unit property in one of Phoenix’s most dynamic neighborhoods.

FOR SALE DETAILS

PRICE

$599,000 USD

PRICE/SF

$374 USD /SF

# OF UNITS

2

PRICE/UNIT

$299,500

CAP RATE

5.01%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Portland Homes

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1961

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,681 SF

ZONING

R-3

APN/PARCEL ID

116-04-077

ASK ABOUT THIS PROPERTY

William XanderORION Investment Real EstateMore Info
480-634-6934

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William XanderORION Investment Real EstateMore Info
480-634-6934

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