$1950000
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24 Bed
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24 Bath
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12224 SqFt
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3 DOM
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Built: 2006
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Status: Active
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Turn-key 8-plex investment opportunity in SE Portland, offering the ideal blend of strong current performance, tenant-friendly design, and future upside. 6.55% CAP Rate. Built in 2006, this well-maintained multi-family asset consists of 4 separate buildings with 8 townhouse-style units, a highly desirable layout that consistently attracts long-term tenants. Each spacious unit features 3 bedrooms, 2.5 bathrooms, 1,528 square feet, plus an attached garage, a premium feature that supports stronger rents and tenant retention. Designed for today’s rental demand, the floor plan is optimized for dual roommate or multigenerational living, with a private bedroom and full bath on the garage level offering both interior and exterior access, ideal for privacy, guest space, or shared living arrangements. The main living spaces are bright and functional, and every unit includes a spacious low-maintenance composite deck, giving tenants valuable outdoor living space without added upkeep concerns. The property offers ample parking with 20 off-street spaces in addition to the attached garages, a rare and valuable amenity in this close-in SE Portland location. Each residence also includes its own washer and dryer, further enhancing convenience and long-term tenant appeal. Currently 100% occupied and professionally managed, this is a true stabilized, income-producing asset with immediate cash flow from day one. In addition to its strong occupancy history, there remains clear room for income growth through moderate rent increases, making this an excellent opportunity for both seasoned and first-time multifamily investors seeking yield and appreciation potential. Ideally situated in a high-convenience SE Portland location near major bus lines, shopping, and everyday services, the property checks the boxes for accessibility, lifestyle, and consistent rental demand. A rare opportunity to acquire a modern, low-maintenance multifamily investment with strong unit design, premium amenities.
Listing Provided Courtesy of Troy D Doty P.C., Northwest Realty Source
General Information
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534869674
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3 DOM
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24
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0.47 acres
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24
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12224
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2006
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RM1
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Multnomah
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R116844
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Clark
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Harrison Park
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Leodis McDaniel
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MultiFamily
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BINNSMEAD, E 10' OF LOT 8 EXC PT IN ST, LOT 9 EXC PT IN ST
Listing Provided Courtesy of Troy D Doty P.C., Northwest Realty Source
PDXA1 Realty Group data last checked: Apr 19, 2026 02:34 | Listing last modified Apr 16, 2026 12:12,
Source:
Residence Information
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-
-
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12224
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-
-
-
24
-
-
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24
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Composition
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8,
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OffStreet
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2
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2006
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No
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CementSiding, LapSiding
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Finished
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-
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Finished
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ConcretePerimeter
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Features and Utilities
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-
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None
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Electricity
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WallHeater
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PublicSewer
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Electricity
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Electricity
Financial
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32727.54
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0
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MaintenanceGrounds
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-
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Cash,Conventional
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04-16-2026
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-
No
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No
Comparable Information
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3
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3
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Cash,Conventional
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$1,950,000
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$1,950,000
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-
Apr 16, 2026 12:12
Schools
Map
Listing courtesy of Northwest Realty Source.
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: Apr 19, 2026 02:34 | Listing last modified Apr 16, 2026 12:12.
Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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Venkat Muthu is a wonderful person to go with. Very friendly and advices as per the need and gives his service and support where and when needed and some times going beyond. Really happy to share the review and I highly recommend if anyone is looking for any homes.
— Alishetty
Venkat is great to work with as realtor. He is very patient and listens to the requests of the buyer or seller and doesn’t push as t any point of time. He has a good understanding of the market situation and location for investments as well. All this comes from experience with him recently buying a home.
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