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Camelia Townhouse Apartments

Multifamily | 29 Units | $129,310/unit

Listing Contacts

Active

Asking Price: $3,750,000
Address 

13145 SE Division St, Portland, OR 97236

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Date Added
Apr 11, 2025
Days on Market
41 days
Time Since Last Update
41 days

Details

Property TypeMultifamily
SubtypeApartment Building
Square Footage930 - 1,148
Cap Rate5.02%
Occupancy100%
NOI$189,284
Units29
Year Built1972
Buildings6
Stories2
ZoningR2a
Lot Size (acres)1.49
Price/Unit$129,310
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Marketing Description

The Camelia Townhouse Apartments, built in 1972, has 29 units located in 6 buildings spread over 1.5 Acres.​ This fully rented complex features Townhomes that have been updated over the years with new kitchen cabinets, flooring and newer vinyl windows in most of the apartments.​ Each of the 6 buildings have new roofs, installed in 2019, and every apartment has its own Washer & Dryer and is on a separate electrical meter.​ Camelia Townhomes have 25- 2 Bedroom 1.5 Bath, 930 sq ft apartments and 4- 3 Bedroom 1.5 Bath 1148 sq ft apartments, AND every Townhome comes with a dedicated parking space with 20 overflow spaces.​ On a Bus Line and close to multiple Parks, local services, shopping and restaurants, this 29 unit complex is priced under $130K per door.​ Below market rents offer top line growth opportunity.​

Valuation Calculator

Valuation Calculator

Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$189,284.00
$15,773.67/mo

Valuation Metrics

0
DSCR
5.05%
Cap Rate
5.05%
ROI

Due Diligence

Due diligence information will be provided.
Please reach out to the listing contacts for details.

Contact

Listing Contacts


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Additional Information
Broker Name
Douglas Landers
Broker License
OR 200903041
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