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Listed by Barry Investment Real Estate
$2,250,000
Est. payment /mo
8,550 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 8,550 sqft
Price per Sqft $263
MLS Listing ID 755752891
HOA Y/N No
Year Built 1966
Annual Tax Amount $23,298
Tax Year 2025
Lot Size 0.430 Acres
Property Description
Tabor Villa Apartments presents a rare opportunity to acquire a turn-key, fully stabilized multifamily asset in one of Southeast Portland's strongest and most resilient submarkets. The property consists of 11 modernized units and is ideally positioned within a quiet residential enclave of the Montavilla neighborhood, offering residents a peaceful living environment while remaining minutes from the vibrant retail, dining, and lifestyle amenities along Hawthorne, Division, and greater SE Portland.The property benefits from proximity to major employment and educational institutions, including Warner Pacific University and Portland Community College, which supports consistent demand from a broad and diversified tenant base. The community features single-level apartment homes with spacious floor plans, modern finishes, and on-site parking - a highly desirable amenity that further enhances tenant appeal and retention in this submarket.Tabor Villa has undergone a comprehensive interior and exterior renovation, transforming the asset into a modern, low-maintenance investment. Each unit was upgraded with new cabinetry, quartz countertops, stainless steel appliances, updated flooring, fresh paint, and contemporary design touches throughout, positioning the property to meet the expectations of today's renters while minimizing near-term capital expenditures.The property has been successfully leased at strong market rents and has demonstrated solid performance in recent years, providing an incoming investor with immediate, stable cash flow from day one. In addition to its current income profile, the investment offers meaningful upside potential through continued rent growth as units re-lease during more favorable spring and summer leasing cycles, as well as from anticipated tightening in the Portland rental market driven by limited new multifamily construction in the coming years.
Location
State OR
County Multnomah
Community Laundry
Area _143
Zoning R1
Rooms
Basement Daylight, Exterior Entry, Finished
Interior
Heating Baseboard, Forced Air
Exterior
Community Features Laundry
Roof Type Composition
Garage No
Building
Lot Description Level
Story 1
Foundation Block
Sewer Public Sewer
Water Public Water
Level or Stories 1
Schools
Elementary Schools Vestal
Middle Schools Harrison Park
High Schools Franklin
Others
Acceptable Financing Assumable, CallListingAgent, Cash, Conventional
Listing Terms Assumable, CallListingAgent, Cash, Conventional
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Nearby School & Business
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