136th Apartments
Owner-Managed I Value-Add Investment Opportunity I 15% Rental Upside
Marketing description
136th Apartments is an 18-unit multifamily investment opportunity located at 2630-2664 SE 136th Ave in Portland, Oregon. The property consists of five buildings in a garden-style configuration across approximately 1.05 acres. Built in 1972. Approximately 50% of the units have been renovated with new LVT flooring, countertops, stainless appliances, paint and trim, and updated light and plumbing fixtures. The property offers an average unit size of 812 square feet and includes washer/dryer hookups in each unit.
Investment highlights
18 Units - 50% with Renovated Interiors
Compelling Value-Add Potential - 18.2% increase on recent lease trade-outs for 2x1 units
812 SF Avg. Unit Size - $1,357 Avg. Monthly Rent
6.74% Current Capitalization Rate
Garden Style Design - 4 Buildings (single story); 1 Building (two-story)
Renovated Units Feature LVT flooring, Hard Surface countertops, Washer/Dryer Hookups
32 Surface Parking Spaces (1.8 Spaces/Unit)
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Zoning
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Is there information that looks off?
