5109 NE Killingsworth St - Apartments FOR SALE


Portland, OR 97218- Cully
$4,200,000 USD
503-680-4638
5109 NE Killingsworth St, Portland, OR for Sale
$4,200,000 USD
Apartments - FOR SALE
1/8
null | 4.6% Cap Rate

5109 NE Killingsworth St
Portland, OR 97218
Cully


HIGHLIGHTS

  • Additional 18 unit can be added, shovel ready!
  • Long history of high occupancy
  • All Architectural Plans completed

OVERVIEW

Prime Investment Opportunity in Portland, 37 Unit Potential. 19 existing units and permit ready to build 18 more. Opportunity to own a high-performing 19-unit apartment community with significant value-add potential in Portland’s thriving rental market. 5109 NE Killingsworth Street benefits from a consistent history of high occupancy, ensuring strong and stable cash flow for investors. This turnkey asset includes vacant land and permit-ready plans for an 18-unit expansion, allowing for immediate growth and increased rental income. Located in a high-demand rental corridor, the property is ideally positioned to capitalize on Portland’s strong housing market.

FOR SALE DETAILS

PRICE

$4,200,000 USD

PRICE/SF

$273 USD /SF

# OF UNITS

19

PRICE/UNIT

$221,053

CAP RATE

4.6%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1966

PARKING SPACES

20

LAND DETAILS

LAND ACRES

1.07 AC

LAND SF

46,535 SF

ZONING

N/Av

APN/PARCEL ID

R194241

ASK ABOUT THIS PROPERTY

Grayson PounderPounder Realty LLCMore Info
503-680-4638

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Grayson PounderPounder Realty LLCMore Info
503-680-4638

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