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18 photos
Additional details
Listed by Barry Investment Real Estate
$5,795,000
Est. payment /mo
17,350 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 17,350 sqft
Price per Sqft $334
MLS Listing ID 759785667
HOA Y/N No
Year Built 2025
Annual Tax Amount $51,273
Tax Year 2025
Lot Size 0.790 Acres
Property Description
Powell Heights & Powell Place Apartments are a 29-unit, fully stabilized multifamily investment comprised of two adjacent properties in a highly desirable Southeast Portland neighborhood. The portfolio includes Powell Heights (21 units)and Powell Place (8 units), together offering a rare opportunity to acquire scale with operational efficiency in a low-density setting.Situated on nearly one acre and sharing a common parking lot, the properties benefit from strong tenant appeal, efficient management, and a serene residential environment. The portfolio features a diverse mix of studio, one-bedroom, and two-bedroom apartments, supporting consistent demand and strong rental performance.Powell Heights, representing 72% of the units, is brand-new construction (2025), while Powell Place, a 1973 vintage asset, has been fully renovated and has demonstrated a proven track record of achieving top-of-market rents. Together, the assets deliver a compelling blend of modern new-construction product and a renovated, lower-density vintage community - the combination of both provides the ability to offer parking, storage, and larger unit sizes - a truly unique offering for new construction - creating a best-in-class living experience that is truly unique in the neighborhood.Potential Loan Assumption opportunity.
Location
State OR
County Multnomah
Area _143
Zoning R1
Interior
Heating Mini Split
Cooling Mini Split
Exterior
Roof Type Composition,Flat
Garage No
Building
Lot Description Level
Story 3
Sewer Public Sewer
Water Public Water
Level or Stories 3
Schools
Elementary Schools Earl Boyles
Middle Schools Harrison Park
High Schools Leodis Mcdaniel
Others
Acceptable Financing CallListingAgent, Cash, Conventional
Listing Terms CallListingAgent, Cash, Conventional
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Nearby School & Business
Discover Northwest Realty - Land
Broker | License ID: 90947
+1(360) 843-4032 | info@unitedcountrynw.com
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