3020-3024 SW 12th Ave - Apartments FOR SALE


Portland, OR 97239- Homestead-Council Crest
$850,000 USD
503-222-0282
3020-3024 SW 12th Ave, Portland, OR for Sale
$850,000 USD
Apartments - FOR SALE
1/51
null | Request Cap Rate

3020-3024 SW 12th Ave
Portland, OR 97239
Homestead-Council Crest


OVERVIEW

Well-maintained triplex in a prime location close to OHSU with expansive city views. The property consists of three units with solid rental demand and long-term tenancy history. The lower-level 2-bedroom unit has been fully remodeled, featuring new kitchen and bathroom cabinets, fixtures, appliances, and LVP flooring throughout. Currently left vacant—ideal for an owner-occupant or ready for mid or long-term rental use. The main-level unit offers large spaces and panoramic views from a wraparound deck. The third unit is an studio that adds consistent supplemental income. Strong location, updated condition, and flexible use make this a compelling investment or owner-user opportunity.

FOR SALE DETAILS

PRICE

$850,000 USD

PRICE/SF

$352 USD /SF

# OF UNITS

3

PRICE/UNIT

$283,333

CAP RATE

Request Cap Rate

% LEASED

66%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1957

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,019 SF

ZONING

RM2

APN/PARCEL ID

R247351

ASK ABOUT THIS PROPERTY

Cory CarlsonConstant Commercial Real Estate IncMore Info
503-222-0282

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Cory CarlsonConstant Commercial Real Estate IncMore Info
503-222-0282

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.