Stark Townhomes
Multifamily | 5.80% CAP | 16 Units
Marketing description
14937 SE Stark St presents an opportunity to acquire a well-located 16-unit apartment community in Portland's Mid-County submarket on nearly three quarters of an acre. Across four buildings, 12 of the 16 units were built between 2001 and 2005, with one fourplex built in 1966. The unit mix is highly attractive with the majority being 2-bed / 1.5-bath townhouse-style layouts that provide strong livability and long-term tenant appeal.
The asset benefits from solid construction, functional layouts, and a quiet setting set back from Stark Street. 12 units feature in-unit laundry, and the property offers plenty of off-street parking. The newer buildings in particular reflect durable construction and systems that limit near-term capital needs, while the overall site design creates a low-density, residential feel.
Currently fully leased, the property offers clear upside through operational improvements and light rent increases. With strong fundamentals, desirable townhouse-style units, and meaningful room for income growth, 14937 SE Stark St represents a stable, income-producing asset with a straightforward path to enhanced returns in a solid East Portland location.
Investment highlights
- 16-unit multifamily community on nearly 0.75 acres
- Majority townhouse-style 2-bed / 1.5-bath units
- Early-2000s construction on 12 of 16 units (2001-2005)
- Solid construction and durable systems limiting near-term CapEx
- Spacious, efficient floor plans with 9-foot ceilings
- 16 off-street parking spaces
- 12 units with in-unit washer and dryers
- Fully leased with historically strong occupancy and short turnover
- Stable asset with clear upside through operational efficiencies and rent growth
- Ability to implement utility bill-backs and measured rent increases
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