4032-4050 SE Holgate Blvd
Portland, OR 97202
Cedar Breaks Apartments · Multifamily Property For Sale · 10 Units

Cedar Breaks Apartments is a Tudor-style, charming, well located property which sits on one tax lot in desirable Southeast Portland neighborhood, Woodstock. The property was constructed in 1973 with a wood frame . Exterior is composed of stucco style panels with wood trim and pitched composite shingle roof which was replaced in 201 6. The property consists of ten units total; two two-bedroom/one-and-one-half bath townhouses and eight two-bedroom/one-bath flats. There is one parking space per unit, an on-site laundry facility and limited landscaping requiring care. Three of the ten units have been recently upgraded and have granite counter-tops, stainless-steel appliances, new lighting fixtures and hardwood-look laminate floors. Six of the units feature decks and patios with private yards. The two townhouse units feature fireplaces. The asset is ideally and conveniently located in the Woodstock neighborhood of Southeast Portland in Multnomah County, Oregon. It is situated four miles southeast of downtown Portland and 10 miles from Portland International Airport. The property is a short walk to Trader Joe's, Walgreens and Starbucks. Within a mile is New Seasons Market, Reed College, Safeway, and Portland Eateries such as Otto's Sausage Kitchen and Meat Market, Grand Central Bakery, Double Mountain Tap Room, and Shut Up and Ea t. Portland State University, OHSU and Portland Community College are also just four miles west of the property. Tenants will enjoy the accessibility from this southeast neighborhood to most of Portland’s eclectic restaurants, food carts, shops, trendy streets, and colleges. Within one mile of the property in 2017 approximately 30% of the population were age 20-34 years old and 20.2% of that population made between $50,000 to $75,000. Home prices rose seven percent last year and this zip code currently has a median sales price of $525,000.