Cambridge Townhomes on Division 15065 SE Division St 18 Unit Apartment Building $6,490,000 ($360,556/Unit) 5.69% Cap Rate Portland, OR 97236

Cambridge Townhomes on Division offers the opportunity to acquire a newly constructed, high-quality multifamily asset in Southeast Portland. Completed in 2025, the gated 18-unit townhome community combines modern design, strong in-place income, and clear upside through continued lease-up and rent growth.
The property is comprised entirely of spacious three-bedroom, three-bath townhomes averaging approximately 1,450 square feet. Each unit features attached garages, private outdoor space, and condo-quality finishes including custom cabinetry, quartz countertops, plank flooring, high-end appliances, electric fireplaces, in-unit laundry, and air conditioning. These features position the asset competitively within the submarket and support long-term tenant demand.
Cambridge Townhomes is currently in lease-up, providing investors the ability to capture near-term income growth as the property stabilizes. Pro forma rents indicate additional upside potential while remaining in line with comparable townhome and multifamily properties in the area. New construction and efficient systems further limit near-term capital expenditure requirements.
Located along SE Division Street, the property benefits from strong visibility, convenient access to major employment centers, retail, dining, and transit, and favorable surrounding demographics. On-site amenities, including a gated entrance and community playground, enhance livability and tenant retention.
Offered at an attractive basis relative to recent comparable sales, Cambridge Townhomes on Division represents a compelling opportunity to acquire a low-maintenance, institutional-quality asset with immediate cash flow and long-term appreciation potential.