Log In/Sign Up
Your email has been sent.
Powell Heights & Powell Place Apartments 3254 SE 90th Pl 29 Unit Apartment Building $5,995,000 ($206,724/Unit) 6.20% Cap Rate Portland, OR 97266
Investment Highlights
- Powell Heights - 2025 New Construction (21 units)
- Fully stabilized 29-unit portfolio in Southeast Portland
- Prime walkable location near schools, shopping, dining, parks, and transit
- Powell Place - Fully Renovated (8 units)
- Modern high-end finishes with in-unit washer & dryers in all units
- Shared off-street parking lot offering operational efficiency and low-density appeal
Executive Summary
Powell Heights & Powell Place Apartments are a 29-unit, fully stabilized multifamily investment comprised of two adjacent properties in a highly desirable Southeast Portland neighborhood. The portfolio includes Powell Heights (21 units) and Powell Place (8 units), together offering a rare opportunity to acquire scale with operational efficiency in a low-density setting.
Situated on nearly one acre and sharing a common parking lot, the properties benefit from strong tenant appeal, efficient management, and a serene residential environment. The portfolio features a diverse mix of studio, one-bedroom, and two-bedroom apartments, supporting consistent demand and strong rental performance.
Powell Heights, representing 72% of the units, is brand-new construction (2025), while Powell Place, a 1973 vintage asset, has been fully renovated and has demonstrated a proven track record of achieving top-of-market rents. Together, the assets deliver a compelling blend of modern new-construction product and a renovated, lower-density vintage community – the combination of both provides the ability to offer parking, storage, and larger unit sizes—a truly unique offering for new construction - creating a best-in-class living experience that is truly unique in the neighborhood.
Situated on nearly one acre and sharing a common parking lot, the properties benefit from strong tenant appeal, efficient management, and a serene residential environment. The portfolio features a diverse mix of studio, one-bedroom, and two-bedroom apartments, supporting consistent demand and strong rental performance.
Powell Heights, representing 72% of the units, is brand-new construction (2025), while Powell Place, a 1973 vintage asset, has been fully renovated and has demonstrated a proven track record of achieving top-of-market rents. Together, the assets deliver a compelling blend of modern new-construction product and a renovated, lower-density vintage community – the combination of both provides the ability to offer parking, storage, and larger unit sizes—a truly unique offering for new construction - creating a best-in-class living experience that is truly unique in the neighborhood.
Property Facts
| Price | $5,995,000 | Property Subtype | Apartment |
| Price Per Unit | $206,724 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | B |
| Cap Rate | 6.20% | Lot Size | 0.79 AC |
| Sale Condition | Bulk/Portfolio Sale | Building Size | 17,350 SF |
| No. Units | 29 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 2025 |
| Zoning | R1 | ||
| Price | $5,995,000 |
| Price Per Unit | $206,724 |
| Sale Type | Investment |
| Cap Rate | 6.20% |
| Sale Condition | Bulk/Portfolio Sale |
| No. Units | 29 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.79 AC |
| Building Size | 17,350 SF |
| No. Stories | 3 |
| Year Built | 2025 |
| Zoning | R1 |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Fireplace
- Storage Space
- Washer/Dryer
- Kitchen
- Refrigerator
- Stainless Steel Appliances
- Range
- Tub/Shower
- Yard
- Patio
- Quartz Countertops
Site Amenities
- Courtyard
- Bicycle Storage
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 12 | $1,270 | 450 - 500 |
| 1+1 | 9 | $1,442 | 550 - 600 |
| 2+1 | 8 | $1,757 | 800 - 850 |
Walk Score®
Very Walkable (81)
Bike Score®
Very Bikeable (84)
Property Taxes
| Parcel Number | R244995 | Improvements Assessment | $0 |
| Land Assessment | $210,430 | Total Assessment | $210,430 |
Property Taxes
Parcel Number
R244995
Land Assessment
$210,430
Improvements Assessment
$0
Total Assessment
$210,430
1 of 65
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Powell Heights & Powell Place Apartments | 3254 SE 90th Pl
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.