16804 Division StPortland, OR 97236

This exceptional 14-unit apartment building in Portland, Oregon's Centennial neighborhood presents a compelling investment opportunity. Located at 16804 SE Division St, this property boasts 11,900 square feet on a 0.48-acre lot and offers a strong 5.38% cap rate. Built in 2003, the complex comprises two buildings featuring a mix of spacious studios and two-bedroom townhomes, each averaging $750 in monthly rent. The property includes a fully occupied retail unit, a convenience store, adding to its income potential. Units are equipped with fully equipped kitchens (including built-in microwaves), hardwood-style flooring, in-unit washers and dryers, and private decks or patios. Residents enjoy off-street parking and convenient access to public transportation, with a TriMet bus stop nearby. The location offers easy access to major thoroughfares like Division, Powell, and Stark Streets, and is minutes from shopping centers, including a Fred Meyer grocery store. This property sits near the border of Portland and Gresham, providing access to the amenities of both cities. The asking price is $2,500,000, representing a price per unit of $166,667 and a price per square foot of $214. The net rentable square footage is 11,700 square feet. This is a turnkey investment with strong rental income and significant upside potential.