4811-4823 NE Prescott St - Apartments FOR SALE


Portland, OR 97218- Cully
$1,500,000 USD
360-515-4229
4811-4823 NE Prescott St, Portland, OR for Sale
$1,500,000 USD
Apartments - FOR SALE
1/13
null | 4.89% Cap Rate

4811-4823 NE Prescott St
Portland, OR 97218
Cully


HIGHLIGHTS

  • Desirable neighborhood
  • Investment Property
  • washer/dryer in unit

OVERVIEW

This seven-unit multifamily property in Portland’s desirable Cully neighborhood offers an exceptional investment opportunity. The property features six spacious two-bedroom, one-bathroom units and one larger three-bedroom, one-bathroom unit with a private garage, making it ideal for a mix of tenants and potential owner-occupancy. Recent upgrades include a new roof installed five years ago and energy-efficient double-pane windows throughout, reducing long-term maintenance and improving tenant appeal. Situated in a highly sought-after area known for its vibrant community feel, the property offers easy access to parks, dining, shopping, and public transit, providing excellent livability for tenants. With strong rental demand, a desirable unit mix, and recent capital improvements, this property presents a rare opportunity for investors seeking steady income potential and long-term appreciation in one of Portland’s fastest-growing neighborhoods.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$240 USD /SF

# OF UNITS

7

PRICE/UNIT

$214,286

CAP RATE

4.89%

% LEASED

86%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Office/Residential, Dormitory

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1975

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.68 AC

LAND SF

29,621 SF

ZONING

R3H, Portland

APN/PARCEL ID

R317714

ASK ABOUT THIS PROPERTY

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360-515-4229

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Listings OptOpt Real EstateMore Info
360-515-4229

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