Paradise Villa Apartments 610 SE Cesar E Chavez Blvd 18 Unit Apartment Building $3,100,000 ($172,222/Unit) 5.80% Cap Rate Portland, OR 97214

Paradise Villa Apartments, (17 Units) located at 610 SE Cesar Estrada Chavez Blvd, offers investors an exceptional opportunity to acquire a well-performing multifamily asset in one of Portland’s most convenient and highly trafficked central corridors. Surrounded by established residential neighborhoods, major retail, popular restaurants, and key transit routes, the property benefits from consistent renter demand and excellent visibility.
This well-maintained community features an attractive mix of studio and one-bedroom units, many with recent updates, making it a desirable option for tenants seeking quality housing with immediate access to everyday amenities. Residents enjoy outstanding walkability, close proximity to New Seasons Market, Ladd’s Addition, Division/Clinton, and direct connectivity to downtown, I-5, and the inner eastside employment hubs.
Operationally, the property has demonstrated stable occupancy and dependable income, with additional upside available through unit renovations, rent optimization, and modernized systems. The highly accessible location, combined with Portland’s constrained housing supply, positions Paradise Villa as a compelling long-term hold for investors seeking both current income and appreciation potential.
Paradise Villa Apartments stands out as a rare offering in one of Portland’s most in-demand submarkets—an opportunity to secure a centrally located asset with enduring appeal and meaningful value-add pathways.