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5235 SE Lambert St
Portland, OR 97206
Pacific Crest · Multifamily Property For Sale
·
16 Units
PROPERTY FACTS
| No. Units | 16 | Building Size | 12,700 SF |
| Property Type | Multifamily | Average Occupancy | 95% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1966/2020 |
| Building Class | C | Parking Ratio | 2.11/1,000 SF |
| Lot Size | 0.49 AC | ||
| Zoning | R2, CM1, Portland | ||
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.49 AC |
| Building Size | 12,700 SF |
| Average Occupancy | 95% |
| No. Stories | 2 |
| Year Built/Renovated | 1966/2020 |
| Parking Ratio | 2.11/1,000 SF |
| Zoning | R2, CM1, Portland |
AMENITIES
UNIT AMENITIES
- Dishwasher
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- Laundry Facilities
- Picnic Area
- Security System
- Bicycle Storage
ABOUT 5235 SE LAMBERT ST , PORTLAND, OR 97206
Pacific Crest apartments feature a close-in eastside location which is in close proximity to the hot Woodstock Strip, Reed College, the Brentwood Darlington Community Center, and Downtown Portland. Errol Heights City Park and Hazeltine Park are also nearby. Originally built in 1966, this copper plumbed reinforced concrete building consists of a desirable mix of eight (8) one bed one bath and eight (8) two bed one bath units. Extensive capital improvements include new roof, newly sealed/stripped parking lot, vinyl windows, and recently painting exterior. Units have been renovated with new countertops, cabinets, flooring, appliances, and fixtures. There is ample parking, as well as a bike storage shed. Residents have secure access to on-site laundry facilities, as well as barbeque and picnic area. Owner has recently installed a security system on site. A new investor will find that there is potential for significant upside on unit turnover through setting new rents, implementing a utility reimbursement program, and should experience continued growth and stability as the submarket continues to develop.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 8 | $1,040 | 650 - 750 |
| 2+1 | 8 | $1,265 | 800 |
PROPERTY TAXES
| Parcel Number | R144746 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $853,290 |
PROPERTY TAXES
