$2350000
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Bed
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Bath
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6939 SqFt
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1 DOM
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Built: 1913
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Status: Active
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Mattsonian Apartments is a boutique mixed-use apartment property located along East Burnside Street, one of Portland’s most prominent and highly trafficked urban corridors. The three-story building consists of 10 efficiently designed studio apartments above a ground-floor retail space, offering investors a compelling blend of residential and commercial income in a dense, transit-oriented location. Originally constructed in 1913, the property benefits from historic character and irreplaceable urban positioning, while providing functional layouts well suited to todays renter-by-necessity demographic. The residential units average approximately 500 square feet and appeal to tenants seeking affordable housing options near employment centers, transit, and downtown Portland amenities. The asset features multiple income streams, including stabilized residential rents, a ground-floor retail tenant (a tea house), and billboard income with strong visibility along East Burnside Street. This diversified revenue profile enhances income stability and reduces reliance on any single source of cash flow. Additionally, RUBS billing recovers a meaningful portion of utility expenses, contributing to operational efficiency. With in-place cash flow and demonstrated rental upside, Mattsonian Apartments presents an opportunity to acquire a well-located urban asset supported by durable demand drivers, diversified income sources, and long-term investment stability.
Listing Provided Courtesy of Reuben Schug, Windermere Realty Trust
General Information
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123387279
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Income
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1 DOM
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6939
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1913
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Multi
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Multnomah
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R150253
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CommercialSale
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Income
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EAST PORTLAND, BLOCK 146, E 50' OF LOT 1 EXC PT IN ALLEY & EXC PT
Listing Provided Courtesy of Reuben Schug, Windermere Realty Trust
PDXA1 Realty Group data last checked: Mar 08, 2026 03:13 | Listing last modified Mar 06, 2026 17:23,
Source:
Residence Information
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6939
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Flat
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OnStreet
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3
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1913
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No
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Features and Utilities
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None
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ForcedAir
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PublicSewer
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Electricity
Financial
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11326.01
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CallListingAgent
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03-06-2026
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No
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No
Comparable Information
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1
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2
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CallListingAgent
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$2,350,000
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$2,350,000
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Mar 06, 2026 17:23
Schools
Map
Listing courtesy of Windermere Realty Trust.
The content relating to real estate for sale on this site comes in part from the IDX program of the RMLS of Portland, Oregon.
Real Estate listings held by brokerage firms other than this firm are marked with the RMLS logo, and
detailed information about these properties include the name of the listing's broker.
Listing content is copyright © 2019 RMLS of Portland, Oregon.
All information provided is deemed reliable but is not guaranteed and should be independently verified.
PDXA1 Realty Group data last checked: Mar 08, 2026 03:13 | Listing last modified Mar 06, 2026 17:23.
Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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