3757 SE Clay St - Apartments FOR SALE


Portland, OR 97214- Richmond
$3,649,000 USD
503-225-8456
3757 SE Clay St, Portland, OR for Sale
$3,649,000 USD
Apartments - FOR SALE
1/15
null | 5.14% Cap Rate

3757 SE Clay St
Portland, OR 97214
Richmond


HIGHLIGHTS

  • Located in the vibrant Hawthorne neighborhood

OVERVIEW

CALL FOR OFFERS: March 17, 2025 Norris & Stevens, Inc. is pleased to present for sale the Clay Street Apartments, located at 3757 SE Clay St, Portland, OR 97214. Situated in the heart of SE Portland, this property benefits from its proximity to Hawthorne Blvd, renowned for its mix of local shops, restaurants, and cultural attractions. This prime location ensures a high level of tenant demand, particularly among young professionals and families attracted to the area’s walkability, diverse amenities, and easy access to downtown Portland. The Clay Street Apartments offer a stable rental income potential supported by the neighborhood’s historically strong rental market and consistent property value appreciation. With ongoing neighborhood development enhancing its appeal, investing in this multifamily property presents an opportunity to capitalize on Portland’s dynamic real estate market while benefiting from a well-established and thriving community environment.

FOR SALE DETAILS

PRICE

$3,649,000 USD

PRICE/SF

$496 USD /SF

# OF UNITS

15

PRICE/UNIT

$243,267

CAP RATE

5.14%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Clay Street Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2023

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

CM2

APN/PARCEL ID

R157065

ASK ABOUT THIS PROPERTY

Cameron MercerNorris & Stevens, Inc.More Info
503-225-8456

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Cameron MercerNorris & Stevens, Inc.More Info
503-225-8456

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