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3945-4005 SE 80th Ave
Portland, OR 97206
Eastport Plaza Manor Apartments · Multifamily Property For Sale
·
20 Units
PROPERTY FACTS
| No. Units | 20 | Lot Size | 0.44 AC |
| Property Type | Multifamily | Building Size | 14,280 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1960/2024 |
| Building Class | C | Parking Ratio | 0.84/1,000 SF |
| Zoning | R2A - contextual district intended to preserve low-rise neighborhoods characterized by single-family detached homes on lots with a minimum width of 40 feet. | ||
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.44 AC |
| Building Size | 14,280 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1960/2024 |
| Parking Ratio | 0.84/1,000 SF |
| Zoning | R2A - contextual district intended to preserve low-rise neighborhoods characterized by single-family detached homes on lots with a minimum width of 40 feet. |
AMENITIES
UNIT AMENITIES
- Dishwasher
- Microwave
- Storage Space
- Washer/Dryer
- Washer/Dryer Hookup
- Refrigerator
- Stainless Steel Appliances
- Wet Bar
SITE AMENITIES
- Courtyard
- Storage Space
ABOUT 3945-4005 SE 80TH AVE , PORTLAND, OR 97206
This rare, close-in opportunity consists of 20 two-bedroom apartment units in two buildings with a central courtyard and off-street parking. Built in 1960, Eastport Plaza Manor offers investors a rare opportunity as the property has been held by the same ownership group for a number of years and has not seen significant rehab during that time, providing a relative blank canvas to improve the property. Close-in SE Portland is considered one of the most desirable rental markets in the City of Portland and has a vacancy rate below 5% for two-bedroom units. Eastport Plaza Manor is one block from the Eastport Plaza Shopping Center, anchored by a Walmart Supercenter. The location has close proximity to multiple modes of transportation, features a Walk Score of 85, a Biker’s Paradise Score of 96, and offers wide range of dining and entertainment options to accompany a diverse range of employers. It is centrally located just five blocks between SE Powell and SE Holgate, main east-west arterials, and 12 blocks east of the I-205 freeway and the Green Line of TriMet’s award winning light rail line. TriMet’s #9 bus stops just blocks from the property as well. This location provides tenants easy access to downtown Portland, Gresham, and all of Portland’s trendy neighborhoods and attractions. There are more than 20 public parks located within a mile and a half of the property, including Mt. Tabor Park, an extinct volcanic cinder cone, which offers visitors nearly 200 acres of parkland and expansive views of Portland, picnic areas, and numerous paved and natural pathways to explore on feet and by bike. Kelly Butte Natural Area is also nearby, and Essex Park is just one block from the property. Also located within a mile is Portland Community College, which enrolls 11,117 students annually and employs more than 2,000 people. Warner Pacific University, which boasts 25 undergraduate degrees for its 1,300 students, is one mile away.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 20 | $1,125 | 710 |
PROPERTY TAXES
| Parcel Number | R148926 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,190,790 |
PROPERTY TAXES
