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Chateau Apartments 1910 SE Stark St 10 Unit Apartment Building $1,590,000 ($159,000/Unit) Portland, OR 97214
Investment Highlights
- Delivered 100% vacant — immediate renovation and lease-up with no relocation required
- All 10 units are 2BR/1BA with efficient floorplans — ideal for value-add repositioning
- Prime inner-SE location (RM2 zoning) offering strong rent potential and future redevelopment upside
Executive Summary
Close-in Portland value-add opportunity in the heart of SE Stark! Chateau Apartments offers (10) two-bed/one-bath units (approx. 677–717 sq ft) plus a shared laundry room and 10 on-site parking spaces. The property is zoned RM2, providing medium-scale multi-dwelling capacity, strong rent potential, and meaningful long-term redevelopment upside.
All units will be delivered 100% vacant at closing, eliminating relocation requirements and allowing an investor to begin renovation and lease-up immediately. The building is currently secured and boarded; interior access is available only after an accepted offer or during designated inspection periods.
Sale is subject to HUD income-restriction removal and Home Forward Board approval—please allow adequate review time. Buyer to verify all information, including square footage and zoning. Current governmental tax exemption will not continue after transfer.
A rare chance to acquire a fully vacant, close-in 10-unit building with both income and land-value upside in one of Portland’s most walkable, transit-served neighborhoods.
All units will be delivered 100% vacant at closing, eliminating relocation requirements and allowing an investor to begin renovation and lease-up immediately. The building is currently secured and boarded; interior access is available only after an accepted offer or during designated inspection periods.
Sale is subject to HUD income-restriction removal and Home Forward Board approval—please allow adequate review time. Buyer to verify all information, including square footage and zoning. Current governmental tax exemption will not continue after transfer.
A rare chance to acquire a fully vacant, close-in 10-unit building with both income and land-value upside in one of Portland’s most walkable, transit-served neighborhoods.
Property Facts
| Price | $1,590,000 | Lot Size | 0.23 AC |
| Price Per Unit | $159,000 | Building Size | 8,850 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| No. Units | 10 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1968 |
| Property Subtype | Apartment | Parking Ratio | 1.13/1,000 SF |
| Apartment Style | Low-Rise | Cross Streets | se 19th ave |
| Building Class | C | ||
| Zoning | RM2 - The RM2 zone is a medium-scale multi-dwelling zone applied in and around centers and corridors that are well-served by transit. | ||
| Price | $1,590,000 |
| Price Per Unit | $159,000 |
| Sale Type | Investment |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 8,850 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1968 |
| Parking Ratio | 1.13/1,000 SF |
| Cross Streets | se 19th ave |
| Zoning | RM2 - The RM2 zone is a medium-scale multi-dwelling zone applied in and around centers and corridors that are well-served by transit. |
Amenities
Unit Amenities
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 10 | - | 677 - 717 |
Walk Score®
Walker's Paradise (93)
Bike Score®
Biker's Paradise (93)
Property Taxes
| Parcel Number | R167885 | Improvements Assessment | $887,990 |
| Land Assessment | $679,230 | Total Assessment | $1,567,220 |
Property Taxes
Parcel Number
R167885
Land Assessment
$679,230
Improvements Assessment
$887,990
Total Assessment
$1,567,220
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Presented by
Oregon Realty Advisors, Inc
Chateau Apartments | 1910 SE Stark St
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