6719-6731 82Nd AvePortland, OR 97266

For Sale
$3,395,000

20-Unit Apartment Building, SE Portland

Overview

Added:
Dec 11, 2024
Days on market:
94
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.

Property Details for 6719-6731 82Nd Ave

Property type
Multifamily properties, Apartment buildings
Square Feet
17,350 SF
Year Built
1999
Lot Size (sq. ft)
31,363 SF
Units
20

Location Insight

City
Portland
County
Multnomal
State
Oregon
Latitude
45.474360352765
Longitude
-122.57916828302
6719-6731 82Nd Ave, Portland, Oregon

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
6719-6731 82Nd Ave
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message