NE 28th Ave & NE Clackamas St
5696
Property ID
6,749 SqFt
Size
Description
The 28th & Clackamas apartments are located in the highly sought after inner NE Portland neighborhood of Sullivans Gulch. The property provides a unique setting with vintage single level apartments & off-street parking. The community is comprised of 1BR/1BA units with strong rents in place ($1,226 average), and experienced strong collections in 2020. The property is comprised of two parcels, which include 7 units and the adjacent 2 units providing an investor some flexibility on the acquisition. Central to many nearby amenities, the property has benefited from the central location along with the continued growth and development of the surrounding neighborhood – which continues to operate as one of the lowest vacancy sub-markets in the Portland metro. Rare opportunity to acquire a vintage apartment community in the premiere inner NE Portland sub-market.
*Square footage per Portland Maps: Includes, 2808-2810 NE Clackamas: 3,859 main, 1,785 unfinished basement. 1326-1328 NE 28th: 1,105
Address
- Province / State: Oregon
- City / Town: Portland
- Postal code / ZIP: 97232
- Property ID 5696
- Price $1,695,000
- Property Type Multifamily
- Property status For Sale
- Year Built 1926
- Size 6,749 SqFt
- Land area 0.27.27 Acres
- Label Under Contract
- Number of Units 9