$1950000
-
24 Bed
-
24 Bath
-
12224 SqFt
-
0 DOM
-
Built: 2006
- Status: Active
Love this home?
Krishna Regupathy
Principal Broker
(503) 893-8874Turn-key 8-plex investment opportunity in SE Portland, offering the ideal blend of strong current performance, tenant-friendly design, and future upside. 6.55% CAP Rate. Built in 2006, this well-maintained multi-family asset consists of 4 separate buildings with 8 townhouse-style units, a highly desirable layout that consistently attracts long-term tenants. Each spacious unit features 3 bedrooms, 2.5 bathrooms, 1,528 square feet, plus an attached garage, a premium feature that supports stronger rents and tenant retention. Designed for today’s rental demand, the floor plan is optimized for dual roommate or multigenerational living, with a private bedroom and full bath on the garage level offering both interior and exterior access, ideal for privacy, guest space, or shared living arrangements. The main living spaces are bright and functional, and every unit includes a spacious low-maintenance composite deck, giving tenants valuable outdoor living space without added upkeep concerns. The property offers ample parking with 20 off-street spaces in addition to the attached garages, a rare and valuable amenity in this close-in SE Portland location. Each residence also includes its own washer and dryer, further enhancing convenience and long-term tenant appeal. Currently 100% occupied and professionally managed, this is a true stabilized, income-producing asset with immediate cash flow from day one. In addition to its strong occupancy history, there remains clear room for income growth through moderate rent increases, making this an excellent opportunity for both seasoned and first-time multifamily investors seeking yield and appreciation potential. Ideally situated in a high-convenience SE Portland location near major bus lines, shopping, and everyday services, the property checks the boxes for accessibility, lifestyle, and consistent rental demand. A rare opportunity to acquire a modern, low-maintenance multifamily investment with strong unit design, premium amenities.
Listing Provided Courtesy of Troy D Doty P.C., Northwest Realty Source
General Information
-
534869674
-
-
0 DOM
-
24
-
0.47 acres
-
24
-
12224
-
2006
-
RM1
-
Multnomah
-
R116844
-
Clark
-
Harrison Park
-
Leodis McDaniel
-
MultiFamily
-
-
BINNSMEAD, E 10' OF LOT 8 EXC PT IN ST, LOT 9 EXC PT IN ST
Listing Provided Courtesy of Troy D Doty P.C., Northwest Realty Source
Krishna Realty data last checked: Apr 16, 2026 23:08 | Listing last modified Apr 16, 2026 12:12,
Source:
Download our Mobile app
Similar Properties
Download our Mobile app
