8423-8451 SE Brooklyn St - Apartments FOR SALE


Portland, OR 97266- Powellhurst-Gilbert
$1,950,000 USD
503-997-4169
8423-8451 SE Brooklyn St, Portland, OR for Sale
$1,950,000 USD
Apartments - FOR SALE
1/41
null | 6.55% Cap Rate

8423-8451 SE Brooklyn St
Portland, OR 97266
Powellhurst-Gilbert


HIGHLIGHTS

  • Stabilized 8-unit multifamily asset, 100% occupied with professional third-party management in place
  • Modern 2006 construction featuring eight large 1,528 SF townhouse-style 3BR/2.5BA units across 4 buildings
  • Premium amenity package includes attached garages, in-unit laundry, composite decks, and 20 off-street parking spaces
  • Efficient roommate-friendly layouts with private lower-level suite, full bath, and separate exterior access
  • In-place cash flow with clear rental upside through mark-to-market rent growth in strong SE Portland submarket

OVERVIEW

Turn-key 8-plex investment opportunity in SE Portland, offering the ideal blend of strong current performance, tenant-friendly design, and future upside. Built in 2006, this well-maintained multi-family asset consists of 4 separate buildings with 8 townhouse-style units, a highly desirable layout that consistently attracts long-term tenants. Each spacious unit features 3 bedrooms, 2.5 bathrooms, 1,528 square feet, plus an attached garage, a premium feature that supports stronger rents and tenant retention. Designed for today’s rental demand, the floor plan is optimized for dual roommate or multigenerational living, with a private bedroom and full bath on the garage level offering both interior and exterior access, ideal for privacy, guest space, home office use, or shared living arrangements. The main living spaces are bright and functional, and every unit includes a spacious low-maintenance composite deck, giving tenants valuable outdoor living space without added upkeep concerns. The property offers ample parking with 20 off-street spaces in addition to the attached garages, a rare and valuable amenity in this close-in SE Portland location. Each residence also includes its own washer and dryer, further enhancing convenience and long-term tenant appeal. Currently 100% occupied and professionally managed, this is a true stabilized, income-producing asset with immediate cash flow from day one. In addition to its strong occupancy history, there remains clear room for income growth through moderate rent increases, making this an excellent opportunity for both seasoned and first-time multifamily investors seeking yield and appreciation potential. Ideally situated in a high-convenience SE Portland location near major bus lines, shopping, and everyday services, the property checks the boxes for accessibility, lifestyle, and consistent rental demand. A rare opportunity to acquire a modern, low-maintenance multifamily investment with strong unit design, premium amenities.

FOR SALE DETAILS

PRICE

$1,950,000 USD

PRICE/SF

$160 USD /SF

# OF UNITS

8

PRICE/UNIT

$243,750

CAP RATE

6.55%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2006

PARKING SPACES

28

LAND DETAILS

LAND ACRES

0.47 AC

LAND SF

20,548 SF

ZONING

R3

APN/PARCEL ID

R116844

ASK ABOUT THIS PROPERTY

Troy DotyNorthwest Realty SourceMore Info
503-997-4169

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Troy DotyNorthwest Realty SourceMore Info
503-997-4169

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