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4633 SW Huber St
Portland, OR 97219
Huber Terrace · Multifamily Property For Sale
·
12 Units
Investment Highlights
- SOUTHWEST PORTLAND ASSET - 12 Unit Apartment Community Built 1969 in Established Southwest Portland Residential Neighborhood
- CAPITAL EXPENDITURE RISK - Majority of Units Remodeled Within Past 15 Years Reducing Near Term Capital Expenditure Risk
- ONGOING RENT UPSIDE - Updated Interiors Support Continued Rent Growth Through Selective Interior Enhancements
- ASSUMABLE IN PLACE DEBT - Assumable Loan at 5.6 Percent Interest and Approximately 60 Percent Loan to Value
- DESIRABLE UNIT MIX - Two Bedroom Heavy Unit Mix Supporting Strong Tenant Demand and Longer Average Lengths of Stay
Executive Summary
The Rhoades Group of Marcus & Millichap is pleased to exclusively offer Huber Terrace, a well-maintained 12-unit apartment community located at 4633 SW Huber Street in Southwest Portland. Built in 1969, the property has benefited from consistent ownership and thoughtful interior upgrades, with most units renovated over the past 15 years. These improvements position Huber Terrace as a stabilized investment with continued rental upside and limited near-term capital requirements.
Huber Terrace is situated in a quiet residential pocket of Southwest Portland, offering tenants a suburban feel while remaining close to everyday amenities. The property is minutes from Multnomah Village, which provides convenient access to grocery stores, restaurants, coffee shops, and daily services. The surrounding neighborhood is primarily composed of single-family homes and low-density multifamily properties, supporting long-term rental demand driven by residents seeking privacy, affordability, and proximity to employment centers and schools.
The community consists of twelve units with a highly desirable mix: one studio, three one-bedroom units, and eight two-bedroom units. The strong concentration of two-bedroom layouts appeals to roommates, couples, and small families, supporting stable occupancy and reduced turnover. Interior upgrades in most units include luxury vinyl plank flooring, granite countertops, and stainless steel appliances in select units, allowing the property to compete favorably with newer assets in the submarket.
Amenities include on-site shared laundry, fifteen off-street parking spaces, and a private rear courtyard with seating and landscaping that creates a quiet, buffered outdoor space. A key investment highlight is assumable in-place financing at a 5.6% interest rate and approximately 60% loan-to-value, offering buyers an opportunity to secure favorable debt while acquiring a well-located, renovated asset with durable cash flow and long-term upside.
Huber Terrace is situated in a quiet residential pocket of Southwest Portland, offering tenants a suburban feel while remaining close to everyday amenities. The property is minutes from Multnomah Village, which provides convenient access to grocery stores, restaurants, coffee shops, and daily services. The surrounding neighborhood is primarily composed of single-family homes and low-density multifamily properties, supporting long-term rental demand driven by residents seeking privacy, affordability, and proximity to employment centers and schools.
The community consists of twelve units with a highly desirable mix: one studio, three one-bedroom units, and eight two-bedroom units. The strong concentration of two-bedroom layouts appeals to roommates, couples, and small families, supporting stable occupancy and reduced turnover. Interior upgrades in most units include luxury vinyl plank flooring, granite countertops, and stainless steel appliances in select units, allowing the property to compete favorably with newer assets in the submarket.
Amenities include on-site shared laundry, fifteen off-street parking spaces, and a private rear courtyard with seating and landscaping that creates a quiet, buffered outdoor space. A key investment highlight is assumable in-place financing at a 5.6% interest rate and approximately 60% loan-to-value, offering buyers an opportunity to secure favorable debt while acquiring a well-located, renovated asset with durable cash flow and long-term upside.
Property Facts
| Price Per Unit | $187,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.32 AC |
| Cap Rate | 5.99% | Building Size | 9,050 SF |
| No. Units | 12 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1969/2018 |
| Property Subtype | Apartment | Parking Ratio | 1.44/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | CG | ||
| Price Per Unit | $187,500 |
| Sale Type | Investment |
| Cap Rate | 5.99% |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.32 AC |
| Building Size | 9,050 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1969/2018 |
| Parking Ratio | 1.44/1,000 SF |
| Zoning | CG |
Amenities
Unit Amenities
- Granite Countertops
- Stainless Steel Appliances
Site Amenities
- Courtyard
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | - | 400 |
| 1+1 | 3 | - | 750 |
| 2+1 | 8 | - | 800 |
Property Taxes
| Parcel Number | R331149 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $923,310 |
Property Taxes
Parcel Number
R331149
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$923,310
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