610 SE Cesar E Chavez Blvd - Apartments FOR SALE


Portland, OR 97214- Sunnyside
$3,100,000 USD
503-680-4638
610 SE Cesar E Chavez Blvd, Portland, OR for Sale
$3,100,000 USD
Apartments - FOR SALE
1/2
null | 5.8% Cap Rate

610 SE Cesar E Chavez Blvd
Portland, OR 97214
Sunnyside


HIGHLIGHTS

  • Easy maintenance brick exterior
  • Quality interiors with Hardwood floors
  • Highly desirable location

OVERVIEW

Paradise Villa Apartments, (17 Units) located at 610 SE Cesar Estrada Chavez Blvd, offers investors an exceptional opportunity to acquire a well-performing multifamily asset in one of Portland’s most convenient and highly trafficked central corridors. Surrounded by established residential neighborhoods, major retail, popular restaurants, and key transit routes, the property benefits from consistent renter demand and excellent visibility. This well-maintained community features an attractive mix of studio and one-bedroom units, many with recent updates, making it a desirable option for tenants seeking quality housing with immediate access to everyday amenities. Residents enjoy outstanding walkability, close proximity to New Seasons Market, Ladd’s Addition, Division/Clinton, and direct connectivity to downtown, I-5, and the inner eastside employment hubs. Operationally, the property has demonstrated stable occupancy and dependable income, with additional upside available through unit renovations, rent optimization, and modernized systems. The highly accessible location, combined with Portland’s constrained housing supply, positions Paradise Villa as a compelling long-term hold for investors seeking both current income and appreciation potential. Paradise Villa Apartments stands out as a rare offering in one of Portland’s most in-demand submarkets—an opportunity to secure a centrally located asset with enduring appeal and meaningful value-add pathways.

FOR SALE DETAILS

PRICE

$3,100,000 USD

PRICE/SF

$266 USD /SF

# OF UNITS

18

PRICE/UNIT

$172,222

CAP RATE

5.8%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Paradise Villa Apartments

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1943

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.81 AC

LAND SF

35,221 SF

ZONING

-

APN/PARCEL ID

R233587

ASK ABOUT THIS PROPERTY

Grayson PounderPounder Realty LLCMore Info
503-680-4638

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Grayson PounderPounder Realty LLCMore Info
503-680-4638

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