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16804-16918 SE Division St
Portland, OR 97236 Centennial

$2,200,000 USD

Apartments For Sale  •  11,700 SF

Property Details

  • Property Type Apartments
  • Total Building Size 11,700 SF
  • Lot Size 0.48 AC
  • Building Class C
  • Year Built 2003
  • Zoning CM
40 Transit Score
60 Walk Score

Highlights

14-Unit Mixed-Use Asset Built in 2003 Featuring 14 Apartment Homes and a Stabilized Retail Component With Long-Term Tenancy
Approximately 7.1% Rental Upside in the Apartment Units Supporting Meaningful Revenue Growth Through Strategic Rent Adjustments
Retail Tenant in Place Since 2012 Demonstrating Operating Stability with the Ability to Increase Lease Terms Upon Expiration in 2032
High-Visibility Location Along SE Division Street a Dominant East-West Commercial Corridor With Strong Traffic Counts and Bus Transit Stops
Positioned Within East Portland’s Centennial Neighborhood Surrounded by National and Regional Tenants
Excellent Regional Connectivity With Close Proximity to I-84 and I-205 Providing Direct Access Across the Portland Metro Area

Property Flyers

Amenities

  • 24 Hour Access
  • Air Conditioning
  • Balcony
  • Dishwasher
  • Disposal
  • Microwave
  • Heating
  • On-Site Retail
  • Kitchen
  • Hardwood Floors
  • Refrigerator
  • Range
  • Tub/Shower
  • Freezer
  • Walk-Up

Public Transportation

AirportDriveWalkDistance
Portland International 22 min - 12.1 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 15
Type: Surface
Included in Rent: Yes
Noah Bussanich 503-200-2074 Marcus & Millichap
Noah Bussanich 503-200-2074 Marcus & Millichap