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Listed by Barry Investment Real Estate
$1,540,000
Est. payment /mo
9,866 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 9,866 sqft
Price per Sqft $156
MLS Listing ID 576296232
HOA Y/N No
Year Built 2003
Annual Tax Amount $20,828
Tax Year 2025
Lot Size 0.320 Acres
Property Description
The SE 119th Apartments is an 11-unit multifamily community located at 3548 SE 119th Avenue in Portland's Powellhurst-Gilbert neighborhood. Constructed in 2003, the property is substantially newer than much of the apartment inventory throughout the East Portland market, offering investors a more modern asset with an attractive townhome-style floor plans.The community consists entirely of spacious two-bedroom, one-bath townhome-style apartment homes averaging approximately 897 square feet. Each unit features functional two-story floorplans, washer & dryer hookups, private patio areas, and ample off-street parking. The larger floorplans and townhome design continue to appeal to residents seeking additional space and a more residential living environment.Current ownership has completed ongoing maintenance and improvements throughout their ownership, including replacing the roof on one of the two buildings in early 2025. Unit interiors have also been updated as apartments have turned over.SE 119th Apartments presents investors with the opportunity to acquire a newer vintage apartment community featuring desirable floorplans, stable occupancy, and continued rental upside within one of Portland's more affordable workforce housing submarkets.
Location
State OR
County Multnomah
Area _143
Zoning R1
Interior
Heating Wall Heater
Exterior
Roof Type Composition
Garage No
Building
Lot Description Level
Sewer Public Sewer
Water Public Water
Schools
Elementary Schools W Powellhurst
Middle Schools Ron Russell
High Schools David Douglas
Others
Acceptable Financing CallListingAgent
Listing Terms CallListingAgent
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