2630 SE 136th Ave - Apartments FOR SALE


Portland, OR 97236- Powellhurst-Gilbert
$1,950,000 USD
503-218-4387
2630 SE 136th Ave, Portland, OR for Sale
$1,950,000 USD
Apartments - FOR SALE
1/11
null | 7.78% Cap Rate

2630 SE 136th Ave
Portland, OR 97236
Powellhurst-Gilbert


HIGHLIGHTS

  • 18 Units - 50% with Renovated Interiors
  • Compelling Value-Add Potential - 18.2% increase on recent lease trade-outs for 2x1 units
  • 812 SF Avg. Unit Size - $1,357 Avg. Monthly Rent
  • 6.74% Current Capitalization Rate
  • Garden Style Design - 4 Buildings (single story); 1 Building (two-story)
  • Renovated Units Feature LVT flooring, Hard Surface countertops, Washer/Dryer Hookups

OVERVIEW

136th Apartments is an 18-unit multifamily investment opportunity located at 2630-2664 SE 136th Ave in Portland, Oregon. The property consists of five buildings in a garden-style configuration across approximately 1.05 acres. Built in 1972. Approximately 50% of the units have been renovated with new LVT flooring, countertops, stainless appliances, paint and trim, and updated light and plumbing fixtures. The property offers an average unit size of 812 square feet and includes washer/dryer hookups in each unit.

FOR SALE DETAILS

PRICE

$1,950,000 USD

PRICE/SF

$133 USD /SF

# OF UNITS

18

PRICE/UNIT

$108,333

CAP RATE

7.78%

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1972

PARKING SPACES

32

LAND DETAILS

LAND ACRES

1.05 AC

LAND SF

45,735 SF

ZONING

RM-1

APN/PARCEL ID

R334244

ASK ABOUT THIS PROPERTY

Benjamin MurphyCommercial Integrity NWMore Info
503-218-4387

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Benjamin MurphyCommercial Integrity NWMore Info
503-218-4387

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