3827 SE Francis St - Apartments FOR SALE


Portland, OR 97202- Creston-Kenilworth
$845,000 USD
503-200-2022
3827 SE Francis St, Portland, OR for Sale
$845,000 USD
Apartments - FOR SALE
1/9
null | 5.01% Cap Rate

3827 SE Francis St
Portland, OR 97202
Creston-Kenilworth


HIGHLIGHTS

  • On-Site Laundry & Storage
  • Bike & Pedestrian Friendly - 95 Bike Score/87 Walk Score
  • Amenity-Rich Area - SE Powell Blvd

OVERVIEW

The Rhoades Group of Marcus & Millichap is pleased to exclusively represent the sale of Francis St. Apartments, a charming 5-unit property built in 1969. This asset features a mix of one- and two-bedroom units and boasts modern conveniences, including on-site laundry and bicycle storage. Francis St. Apartments’ location grants residents immediate access to the significant thoroughfare of SE Powell Blvd, extending from the Ross Island Bridge through East Portland and into the city of Gresham. It serves as a vital connector for various neighborhoods and is officially designated as part of U.S. Route 26. With a Bike Score of 95 and a Walk Score of 87, tenants can easily explore nearby parks, restaurants, schools, and local retail options in addition to easy access to employment opportunities. With rents currently under market, the property presents a strong investment opportunity for nimble investors who can realize value growth through strategic rent adjustments and utility optimization. Backed by strong market indicators, including an average 1-mile household income of $106,082 and a 3-mile population of 209,217, Francis St. Apartments is well-positioned for long-term stability and strong returns in the competitive Portland market.

FOR SALE DETAILS

PRICE

$845,000 USD

PRICE/SF

$243 USD /SF

# OF UNITS

5

PRICE/UNIT

$169,000

CAP RATE

5.01%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1974

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,837 SF

ZONING

R1, Portland

APN/PARCEL ID

R328148

ASK ABOUT THIS PROPERTY

Whitney RhoadesMarcus & MillichapMore Info
503-200-2022

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Whitney RhoadesMarcus & MillichapMore Info
503-200-2022

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