Huber Terrace
Well-Maintained Asset in Desirable West Portland Park Neighborhood
Marketing description
Property Website: http://huberterrace-therhoadesgroup.lovable.app/
The Rhoades Group of Marcus & Millichap is pleased to exclusively offer Huber Terrace, a
well-maintained 12-unit apartment community located at 4633 SW Huber Street in Southwest Portland.
Built in 1969, the property has benefited from consistent ownership and thoughtful interior
upgrades, with most units renovated over the past 15 years. These improvements position Huber
Terrace as a stabilized investment with continued rental upside and limited near-term capital
requirements.
Huber Terrace is situated in a quiet residential pocket of Southwest Portland, offering tenants a
suburban feel while remaining close to everyday amenities. The property is minutes from Multnomah
Village, which provides convenient access to grocery stores, restaurants, coffee shops, and daily
services. The surrounding neighborhood is primarily composed of single-family homes and low-density multifamily properties, supporting long-term rental demand driven by residents seeking privacy, affordability, and proximity to employment centers and schools.
The community consists of twelve units with a highly desirable mix: one studio, three one-bedroom units, and eight two-bedroom units. The strong concentration of two-bedroom layouts appeals to
roommates, couples, and small families, supporting stable occupancy and reduced turnover.
Interior upgrades in most units include luxury vinyl plank flooring, granite countertops, and
stainless steel appliances in select units, allowing the property to compete favorably with newer
assets in the submarket.
Amenities include on-site shared laundry, fifteen off-street parking spaces, and a private rear
courtyard with seating and landscaping that creates a quiet, buffered outdoor space.
A key investment highlight is assumable in-place financing at a 5.6% interest rate and
approximately 60% loan-to-value, offering buyers an opportunity to secure favorable debt while
acquiring a well-located, renovated asset with durable cash flow and long-term upside.
Investment highlights
SOUTHWEST PORTLAND ASSET - 12 Unit Apartment Community Built 1969 in Established Southwest Portland Residential Neighborhood
ASSUMABLE IN PLACE DEBT - Assumable Loan at 5.6 Percent Interest and Approximately 60 Percent Loan to Value
CAPITAL EXPENDITURE RISK - Majority of Units Remodeled Within Past 15 Years Reducing Near Term Capital Expenditure Risk
DESIRABLE UNIT MIX - Two Bedroom Heavy Unit Mix Supporting Strong Tenant Demand and Longer Average Lengths of Stay
ONGOING RENT UPSIDE - Updated Interiors Support Continued Rent Growth Through Selective Interior Enhancements
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