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Jerrel Thomas

jthomas@ascentnw.com +1(503) 850-9404

Listed by Barry Investment Real Estate

$ 1,625,000

Est. payment | -/mo

9,250 SqFt

Save

$ 1,625,000

Est. payment | -/mo

Save

9,250 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 9,250 sqft

Price per Sqft $175

Subdivision Mill Park

MLS Listing ID 211615530

Year Built 1976

Annual Tax Amount $17,986

Tax Year 2025

Lot Size 0.770 Acres

Property Description

SE 130th Avenue Apartments is a unique 8-unit multifamily investment opportunity located in Portland's Mill Park neighborhood of SE Portland. Situated on approximately 0.77 acres, the property offers a low-density residential setting consisting of a diverse mix of duplexes, a triplex, and a freestanding single-family home, creating an attractive alternative to traditional apartment product in the East Portland market.The property includes seven spacious 2-bedroom/1-bath apartment units averaging approximately 950 square feet, along with a separately situated 2,600 square foot 3-bedroom/2-bath single-family residence featuring a full basement and private fenced backyard. The diverse unit mix provides investors with an appealing blend of apartment and residential-style living environments that are increasingly difficult to replicate in today's development environment.The apartment units feature an attractive amenity package including private enclosed patio areas, in-unit washer/dryer hookups with owner-provided appliances, ductless mini-split heating and air conditioning systems, insulated vinyl windows, and upgraded luxury vinyl plank flooring throughout many of the interiors. The spacious floorplans offer bright living areas with strong natural light and functional layouts designed for comfortable day-to-day living. The combination of larger unit sizes, air conditioning, private outdoor spaces, and in-unit laundry amenities has contributed to strong tenant demand and long-term resident retention.The freestanding home has undergone extensive renovations, including a full interior remodel completed in 2022 featuring updated flooring, refinished hardwood floors, new kitchen appliances, masonry waterproofing improvements, a newer roof installed in 2021, updated gas furnace in 2019, and a new gas fireplace insert.

Location

State OR

County Multnomah

Area _143

Zoning RM1

Rooms

Basement Full Basement

Interior

Heating Forced Air, Wall Heater

Cooling Mini Split

Exterior

Roof Type Composition

Garage No

Building

Lot Description Level

Foundation Block

Sewer Public Sewer

Water Public Water

Schools

Elementary Schools Menlo Park

Middle Schools Floyd Light

High Schools David Douglas

Others

Acceptable Financing CallListingAgent, Cash, Conventional

Listing Terms CallListingAgent, Cash, Conventional

Regional Multiple Listing Service (RMLS)

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(503) 850-9404

jthomas@ascentnw.com

2175 NW Raleigh St Ste 110, Portland, OR, 97210, USA

1401 SE 130TH AVE Portland, OR 97233