2020 SE 34th Ave 4 Unit Apartment Building Offered For Sale Portland, OR 97214

This property presents a rare opportunity to acquire a brand-new, 2026-built, four-unit multifamily asset in one of Portland's most coveted inner eastside locations, perfectly
positioned halfway between SE Division St and SE Hawthorne Blvd. The property features a distinctive four-corners floor plan, with each unit occupying its own corner of the lot for maximum privacy and livability. Each of the four 2-bedroom, 1.5-bath units (~980 SF) is finished to a high standard, including engineered hardwood floors, Carrara marble baths with heated floors, Carrara quartz countertops with full-slab backsplashes, custom cabinetry, mini-split heating and cooling, and generous attic storage. Fiber cement exterior, all-electric utilities, and public water/sewer round out a low-maintenance profile ideal for long-term ownership.
The projected annual gross income of $144,000 and the ability to customize finishes make this an exceptional turn-key investment or owner-occupant opportunity in a neighborhood that consistently commands strong rental demand.
Situated in Portland's highly desirable Hawthorne/Division corridor, 2020 SE 34th Ave places residents steps from SE Division Street's renowned dining and retail scene. Everyday conveniences are close at hand with Safeway and New Seasons Market nearby, while Sewallcrest Park offers green space just blocks away. Excellent TriMet bus access at SE Division & 34th Ave provides easy connectivity throughout the city, and the neighborhood's walkability and bike infrastructure make car-free living a natural fit.