Portland, OR 97266,11401 SE POWELL BLVD
Portland, OR 97266,11401 SE POWELL BLVD
Portland, OR 97266,11401 SE POWELL BLVD
Portland, OR 97266,11401 SE POWELL BLVD
Portland, OR 97266,11401 SE POWELL BLVD
Portland, OR 97266,11401 SE POWELL BLVD
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Listed by Bridge Creek Realty
$ 1,450,000
Est. payment | /mo

8,292 SqFt


Save
$ 1,450,000
Est. payment | /mo
Save

8,292 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 8,292 sqft

Price per Sqft $174

MLS Listing ID 24200635

Year Built 1973

Annual Tax Amount $15,238

Tax Year 2023

Lot Size 0.750 Acres

Property Description

Powell Flats is a 10-unit, garden-style apartment complex in Portland’s Powellhurst-Gilbert area. Built in 1973, it offers two-bedroom, two-bath units with an average rent of $1,470. Four of the units are vacant, creating immediate value-add potential. Investors can increase rental income by upgrading units and aligning rents with the market rate of $1,500, making it a strong investment opportunity in a growing submarket.

Location

State OR

County Multnomah

Community Laundry

Area _143

Zoning C2

Interior

Heating Baseboard

Exterior

Community Features Laundry

Garage No

Building

Story 1

Sewer Public Sewer

Water Public Water

Level or Stories 1

Schools

Elementary Schools W Powellhurst

Middle Schools Ron Russell

High Schools David Douglas

Others

Acceptable Financing Cash, Rehab

Listing Terms Cash, Rehab

Regional Multiple Listing Service (RMLS)
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315 Oak St, STE 200, River, OR, 97031, United States

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11401 SE POWELL BLVD