6719-6731 82Nd AvePortland, OR 97266

This exceptional 20-unit apartment building, located at 6719-6731 SE 82nd Ave in Portland, Oregon, presents a compelling investment opportunity. Built in 1999, this property boasts a total of 17,350 square feet situated on a 0.72-acre lot. The building comprises twenty units, each featuring two bedrooms and one bathroom, complete with convenient washer and dryer hookups. Significant improvements have been made, with approximately thirteen units undergoing renovations within the past five years. Furthermore, the roofs have been recently replaced, ensuring long-term structural integrity. The property's financial performance is highlighted by a 6.05% cap rate based on actuals and a 7.48% cap rate representing the highest achieved. The property is offered at an asking price of $3,395,000. Parcel numbers are R336284 & R336344. The sellers are undertaking a 1031 exchange. This well-maintained property offers a strong return on investment and is ideally situated in the desirable Southeast Portland area, with easy access to local amenities and transportation. This is a rare opportunity to acquire a stable, income-producing multifamily asset in a thriving market.