3548 SE 119th St - Apartments FOR SALE


Portland, OR 97266- Powellhurst-Gilbert
$1,540,000 USD
503-593-9707
3548 SE 119th St, Portland, OR for Sale
$1,540,000 USD
Apartments - FOR SALE
1/24
null | 6.8% Cap Rate

3548 SE 119th St
Portland, OR 97266
Powellhurst-Gilbert


OVERVIEW

The SE 119th Apartments is an 11-unit multifamily community located at 3548 SE 119th Avenue in Portland's Powellhurst-Gilbert neighborhood. Constructed in 2003, the property is substantially newer than much of the apartment inventory throughout the East Portland market, offering investors a more modern asset with an attractive townhome-style floor plans. The community consists entirely of spacious two-bedroom, one-bath townhome-style apartment homes averaging approximately 897 square feet. Each unit features functional two-story floorplans, washer & dryer hookups, private patio areas, and ample off-street parking. The larger floorplans and townhome design continue to appeal to residents seeking additional space and a more residential living environment. Current ownership has completed ongoing maintenance and improvements throughout their ownership, including replacing the roof on one of the two buildings in early 2025. Unit interiors have also been updated as apartments have turned over. SE 119th Apartments presents investors with the opportunity to acquire a newer vintage apartment community featuring desirable floorplans, stable occupancy, and continued rental upside within one of Portland's more affordable workforce housing submarkets.

FOR SALE DETAILS

PRICE

$1,540,000 USD

PRICE/SF

$159 USD /SF

# OF UNITS

11

PRICE/UNIT

$140,000

CAP RATE

6.8%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2003

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.32 AC

LAND SF

13,939 SF

ZONING

R7

APN/PARCEL ID

R278075

ASK ABOUT THIS PROPERTY

Phillip BarryBarry Investment Real EstateMore Info
503-593-9707

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Phillip BarryBarry Investment Real EstateMore Info
503-593-9707

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