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2735 SE Clinton St
Portland, OR 97202
Clinton St | 3 Unit Stabilized Income Asset · Multifamily Property For Sale
·
3 Units
Investment Highlights
- Fully leased asset with immediate cash flow; Strong rental demand with low vacancy exposure
- Prime SE Portland location near Clinton and Division
- Recently updated with reduced near term capex
- Three unit configuration with flexible layout
- Ideal 1031 exchange option or portfolio addition
Executive Summary
Fully leased income producing property in Portland’s sought after Clinton-Division neighborhood delivering immediate rental income from day one. This asset features three units, including two within a detached house and a third unit located above a high sought after detached one car garage, offering flexible rental configurations and strong tenant appeal. Recent updates help reduce near term capital needs while supporting long term rent growth potential. Situated on sizable 5,000 sqft corner lot with a partially fenced yard with mature landscaping, the property benefits from a highly walkable SE location near Clinton St, Division, and Hawthorne with access to popular restaurants, cafes, parks, and transit options that drive consistent tenant demand and retention. Ideal opportunity for investors seeking stable cash flow in a proven rental corridor.
Property Facts
| Price Per Unit | $283,300 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.11 AC |
| Cap Rate | 5.77% | Building Size | 3,207 SF |
| No. Units | 3 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1914 |
| Zoning | R2.5 | ||
| Price Per Unit | $283,300 |
| Sale Type | Investment |
| Cap Rate | 5.77% |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | B |
| Lot Size | 0.11 AC |
| Building Size | 3,207 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1914 |
| Zoning | R2.5 |
Amenities
Unit Amenities
- Disposal
- Washer/Dryer Hookup
- Heating
- Range
- Double Pane Windows
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 2 | $2,145 | 1,212 |
| 1+1 | 1 | $1,795 | 700 |
Property Taxes
| Parcel Number | R150702 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $501,350 |
Property Taxes
Parcel Number
R150702
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$501,350
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