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8370-8374 SE Brooklyn St
Portland, OR 97266
Brooklyn St Townhomes · Multifamily Property For Sale
·
9 Units
Investment Highlights
- NEWER CONSTRUCTION VINTAGE: Built in 2005 by the Current Owner’s Family, Showcasing Pride of Ownership
- STREAMLINED TURNOVER PROCESS: All Units Feature the Same 900 SF Floor Plan Allowing for Efficient and Predictable Turns
- PRIVATE FENCED OUTDOOR SPACE: Each Unit Includes a Private Fenced Backyard and Back Patio
- TOWNHOUSE-STYLE LIVING: Nine Desirable Two-Story Townhome Units
- PROVEN UPGRADE CONCEPT: Approximately 50% of Units Updated with LVP Flooring Downstairs and Carpet Upstairs
- HOUSE-STYLE AMENITIES: Washer/Dryer Hookups Located Upstairs in Every Unit
Executive Summary
Brooklyn St Townhomes is a nine-unit apartment property built in 2005 by the current owner’s family, consisting entirely of two-story townhouse units. Each unit is approximately 900 square feet and feature a 2 Bed / 1 Bath floorplan. Interior features include washer/dryer hookups located upstairs, under-stairs storage, private back patios, and fenced backyards for each residence. Approximately half of the units have been updated with LVP flooring on the main level and carpet upstairs. The property also includes 11 off-street parking spaces and a newly constructed stainless steel garbage storage enclosure. The flag lot positioning provides separation from street frontage.
The investment appeal is driven by the property’s townhouse-style configuration, uniform unit mix, and partially completed interior upgrades. The consistent floor plan allows for efficient leasing, maintenance, and future renovations. With approximately 50% of units already updated, there is a clear path for continued interior improvements across remaining units. The two-story layouts and private outdoor spaces support tenant demand and retention. Built in 2005, the asset offers a newer construction profile compared to much of the surrounding inventory. The nine-unit scale provides a manageable and straightforward operational footprint.
Located in the Powellhurst-Gilbert neighborhood, the property benefits from strong access to transportation and nearby amenities. It is situated less than one mile from the I-205 freeway, providing direct regional connectivity. The property is in close proximity to Powell Street Station and Fubonn Shopping Center, offering convenient access to transit and retail services. The surrounding area includes a high-traffic retail corridor that supports daily needs. With an 88 Walk Score and 94 Bike Score, the location provides strong accessibility by foot and bicycle. These factors support consistent renter demand within the submarket.
The investment appeal is driven by the property’s townhouse-style configuration, uniform unit mix, and partially completed interior upgrades. The consistent floor plan allows for efficient leasing, maintenance, and future renovations. With approximately 50% of units already updated, there is a clear path for continued interior improvements across remaining units. The two-story layouts and private outdoor spaces support tenant demand and retention. Built in 2005, the asset offers a newer construction profile compared to much of the surrounding inventory. The nine-unit scale provides a manageable and straightforward operational footprint.
Located in the Powellhurst-Gilbert neighborhood, the property benefits from strong access to transportation and nearby amenities. It is situated less than one mile from the I-205 freeway, providing direct regional connectivity. The property is in close proximity to Powell Street Station and Fubonn Shopping Center, offering convenient access to transit and retail services. The surrounding area includes a high-traffic retail corridor that supports daily needs. With an 88 Walk Score and 94 Bike Score, the location provides strong accessibility by foot and bicycle. These factors support consistent renter demand within the submarket.
Property Facts
| Price Per Unit | $170,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.37 AC |
| Cap Rate | 6.86% | Building Size | 10,244 SF |
| No. Units | 9 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2005 |
| Property Subtype | Apartment | Parking Ratio | 1.07/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R2 | ||
| Price Per Unit | $170,000 |
| Sale Type | Investment |
| Cap Rate | 6.86% |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.37 AC |
| Building Size | 10,244 SF |
| No. Stories | 2 |
| Year Built | 2005 |
| Parking Ratio | 1.07/1,000 SF |
| Zoning | R2 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Public Transportation
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 9 | - | 900 |
Property Taxes
| Parcel Number | R590936 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $720,160 |
Property Taxes
Parcel Number
R590936
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$720,160
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