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5490 SE Milwaukie Ave
Portland, OR 97202 Sellwood-Moreland

$2,375,000 USD

Apartments For Sale  •  8,365 SF

Property Details

  • Property Type Apartments
  • Total Building Size 8,365 SF
  • Lot Size 0.1 AC
  • Building Class B
  • Year Built 2015
  • Zoning RH
48 Transit Score
72 Walk Score

Highlights

Eleven Unit Property Built in 2015, Featuring an Attractive Mix of Studio and Two-Bedroom Floor Plans, Including Townhomes
Rents are Approximately 11.5% Below Market, Allowing for Immediate Cash Flow with Meaningful Upside Through Rent Optimization
Located in Sellwood, One of Portland's Top-Performing Submarkets, Offering Proximity to Top-Tier Dining, Parks, Retail and Daily Conveniences
Well-Appointed Interiors with Hardwood Floors, Granite Countertops, Stainless Steel Appliances, Fireplaces and In-Unit Washer/Dryers
Contemporary Cedar Shake Exterior that Has Been Well Maintained, Contributing to Long-Term Durability and Curb Appeal

Property Flyers

Public Transportation

Commuter RailDriveWalkDistance
11 min - 4.1 mi
AirportDriveWalkDistance
Portland International 26 min - 14.1 mi
Whitney Rhoades 503-351-0146 Marcus & Millichap
Whitney Rhoades 503-351-0146 Marcus & Millichap