2602 SE 141st Ave - Apartments FOR SALE


Portland, OR 97236- Powellhurst-Gilbert
$1,195,000 USD
800-845-3524
2602 SE 141st Ave, Portland, OR for Sale
$1,195,000 USD
Apartments - FOR SALE
1/2
null | Request Cap Rate

2602 SE 141st Ave
Portland, OR 97236
Powellhurst-Gilbert


HIGHLIGHTS

  • Modern, High-Demand Unit Design
  • Stable Income with Proven Tenant Retention
  • Rare Development Potential with Excellent SE Portland Location

OVERVIEW

This sixplex is offered as part of a 13-property, 43-unit residential portfolio that is 98% leased, primarily located in Southeast and Northeast Portland, and will be sold via Sealed Bid Auction on June 3, 2026. The two-story Amber Court Apartments, built in 2008, are located on SE 141st Avenue, one block south of SE Division. All units feature two bedrooms, two-and-a-half baths, and a den that can function as an office or third bedroom, along with a one-car garage. Tenants are on month-to-month leases, with several in place for over three years. Adjacent Auction Property is a leased three-bedroom, one-bath home on a 12,197± sq. ft. lot, shares access and offers potential for up to eight additional units if redeveloped. Projected 2026 gross income is $135,720, with real estate taxes of $17,040. The landlord covers water, sewer, trash, and landscaping. This property presents a rare opportunity to acquire newer construction with stable income and future development potential in a well-located Southeast Portland setting. Contact listing broker for bid package with detailed property information.

FOR SALE DETAILS

PRICE

$1,195,000 USD

PRICE/SF

$112 USD /SF

# OF UNITS

6

PRICE/UNIT

$199,167

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Six-Unit Amber Court Apartments

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2008

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,432 SF

ZONING

RM2

APN/PARCEL ID

R334196

ASK ABOUT THIS PROPERTY

Sharon PeedeRealty Marketing NorthwestMore Info
800-845-3524

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Sharon PeedeRealty Marketing NorthwestMore Info
800-845-3524

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