6908 N ROBERTS AVE

Portland, 97203

  • Bed

  • Bath

  • 1013 SqFt

  • 57 DOM

  • Built: 1926

  • Status: Active

$1,500,000

Price cut: $200K (06-26-2025)

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6908 N ROBERTS AVE

Portland 97203

$1500000

Price cut: $200K (06-26-2025)

  • Bed

  • Bath

  • 1013 SqFt

  • 57 DOM

  • Built: 1926

  • Status: Active

Krishna Regupathy

Principal Broker

(503) 893-8874

Seller financing available! Located in St John’s, this property is well situated as an open storage facility. The 1.3-acre parcel is securely tucked away between The Port of Portland and Union Pacific Railroad. Key Storage is an established, cash-flowing business currently self-managed at a cap rate of 8.8%. There is significant opportunity to increase rents as many of the spaces are currently renting below market rates. All leases are month-month, and as spaces have become available, they have easily leased up at market rates. A new owner could bring in third-party management to earn passive income at a 7.9% cap rate or continue to self-manage and increase returns upwards of 9%. This property includes a detached management office and 2br 1ba 949sf single family house that could be used as a manager’s residence or separate rental property. Seller financing terms- Down payment: 60%, Interest rate: 6%, Terms: 5 years, Amortization: 30 years, Monthly payment: $3,597

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