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31592469
31592468

1904 SE 80th Ave, Portland, OR 97215

PB
OR 200807134
Barry Investment Real Estate
Listed by Barry Investment Real Estate
$2,250,000
61 days on market
Updated 26 days ago

Tabor Villa Apartments

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 8,550
Units 11
Cap Rate 6.32%
NOI $142,232
Pro-Forma Cap Rate 6.55%
Pro-Forma NOI $147,268
Price per SqFt $263
Broker Co-Op Yes
Year Built 1966
Year Renovated 2022
Acreage 0.430

Low Maintenance + Stable Cash Flow in SE Portland - 11 Fully Renovated Units

Marketing description

Tabor Villa Apartments presents a rare opportunity to acquire a turn-key, fully stabilized multifamily asset in one of Southeast Portland’s strongest and most resilient submarkets. The property consists of 11 modernized units and is ideally positioned within a quiet residential enclave of the Montavilla neighborhood, offering residents a peaceful living environment while remaining minutes from the vibrant retail, dining, and lifestyle amenities along Hawthorne, Division, and greater SE Portland.

The property benefits from proximity to major employment and educational institutions, including Warner Pacific University and Portland Community College, which supports consistent demand from a broad and diversified tenant base. The community features single-level apartment homes with spacious floor plans, modern finishes, and on-site parking - a highly desirable amenity that further enhances tenant appeal and retention in this submarket.

Tabor Villa has undergone a comprehensive interior and exterior renovation, transforming the asset into a modern, low-maintenance investment. Each unit was upgraded with new cabinetry, quartz countertops, stainless steel appliances, updated flooring, fresh paint, and contemporary design touches throughout, positioning the property to meet the expectations of today’s renters while minimizing near-term capital expenditures.

The property has been successfully leased at strong market rents and has demonstrated solid performance in recent years, providing an incoming investor with immediate, stable cash flow from day one. In addition to its current income profile, the investment offers meaningful upside potential through continued rent growth as units re-lease during more favorable spring and summer leasing cycles, as well as from anticipated tightening in the Portland rental market driven by limited new multifamily construction in the coming years.

Investment highlights

  • Potential Loan Assumption for well qualified buyer
  • Renovated community with strong in-place rents.
  • Quiet residential setting within walking distance to many of Southeast Portland’s most desirable amenities.
  • Unique single-level layout featuring spacious floor plans and on-site parking.
  • Located in the proven Central SE Portland submarket with historically low vacancy.

Listing Contacts

PB
OR 200807134
Barry Investment Real Estate
Listed by Barry Investment Real Estate

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$142,232.00
$11,852.67/mo

Valuation Metrics

0
DSCR
6.32%
Cap Rate
6.32%
ROI

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Additional Information

Name
Phillip Barry
License
200807134
Brokerage Phone
5035939707
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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