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2630 SE 136th Ave
Portland, OR 97236
Multifamily Property For Sale
·
18 Units
Investment Highlights
- 18 Units - 50% with Renovated Interiors
- 812 SF Avg. Unit Size - $1,357 Avg. Monthly Rent
- Garden Style Design - 4 Buildings (single story); 1 Building (two-story)
- Compelling Value-Add Potential - 18.2% increase on recent lease trade-outs for 2x1 units
- 6.74% Current Capitalization Rate
- Renovated Units Feature LVT flooring, Hard Surface countertops, Washer/Dryer Hookups
Executive Summary
136th Apartments is an 18-unit multifamily investment opportunity located at 2630-2664 SE 136th Ave in Portland, Oregon. The property consists of five buildings in a garden-style configuration across approximately 1.05 acres. Built in 1972. Approximately 50% of the units have been renovated with new LVT flooring, countertops, stainless appliances, paint and trim, and updated light and plumbing fixtures. The property offers an average unit size of 812 square feet and includes washer/dryer hookups in each unit.
Property Facts
| Price Per Unit | $125,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 1.05 AC |
| Cap Rate | 6.74% | Building Size | 14,624 SF |
| No. Units | 18 | Average Occupancy | 95% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1972/2021 |
| Apartment Style | Garden | Parking Ratio | 2.19/1,000 SF |
| Zoning | RM-1 - Residential Multi-Dwelling 1 | ||
| Price Per Unit | $125,000 |
| Sale Type | Investment |
| Cap Rate | 6.74% |
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.05 AC |
| Building Size | 14,624 SF |
| Average Occupancy | 95% |
| No. Stories | 2 |
| Year Built/Renovated | 1972/2021 |
| Parking Ratio | 2.19/1,000 SF |
| Zoning | RM-1 - Residential Multi-Dwelling 1 |
Amenities
Unit Amenities
- Kitchen
- Refrigerator
- Range
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | $1,250 | 658 |
| 2+1 | 15 | $1,575 | 796 |
| 3+1 | 2 | $1,600 | 1,013 |
Property Taxes
| Parcel Number | R334244 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,189,490 |
Property Taxes
Parcel Number
R334244
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,189,490
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