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Listed by Bridge Creek Realty
$ 2,420,000
Est. payment | /mo
15,400 SqFt
$ 2,420,000
Est. payment | /mo
15,400 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 15,400 sqft
Price per Sqft $157
MLS Listing ID 24047581
Year Built 1999
Annual Tax Amount $27,376
Tax Year 2023
Lot Size 0.810 Acres
Property Description
Powell Station Apartments is a 14-unit complex in Portland’s Powellhurst-Gilbert neighborhood. Built in 1999, it features two-bedroom, two-bath units across four buildings with private yards, balconies, and rentable garage spaces. Extensive renovations in over half the units have raised rents to $1,599, while classic units rent for $1,175, offering a 27% rent upside. This property presents a value-add opportunity with modern upgrades and desirable amenities.
Location
State OR
County Multnomah
Area _143
Zoning RM1
Interior
Heating Baseboard
Exterior
Garage No
Building
Story 2
Sewer Public Sewer
Water Public Water
Level or Stories 2
Schools
Elementary Schools Gilbert Hts
Middle Schools Alice Ott
High Schools David Douglas
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Rett Pratt
REALTOR® | Lic# 890300192