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8423-8451 SE Brooklyn St
Portland, OR 97266 Powellhurst-Gilbert

$1,950,000 USD

Apartments For Sale  •  12,224 SF

Property Details

  • Property Type Apartments
  • Total Building Size 12,224 SF
  • Lot Size 0.47 AC
  • Building Class B
  • Year Built 2006
  • Cap Rate 6.55 %
  • Zoning R3
50 Transit Score
60 Walk Score

Highlights

Stabilized 8-unit multifamily asset, 100% occupied with professional third-party management in place
Modern 2006 construction featuring eight large 1,528 SF townhouse-style 3BR/2.5BA units across 4 buildings
Premium amenity package includes attached garages, in-unit laundry, composite decks, and 20 off-street parking spaces
Efficient roommate-friendly layouts with private lower-level suite, full bath, and separate exterior access
In-place cash flow with clear rental upside through mark-to-market rent growth in strong SE Portland submarket

Property Flyers

Financial Summary (Actual)

Net Operating Income: $127,695 USD (2025)
Cap Rate: 6.55 %
Total Expenses: $68,088 USD

Amenities

  • Wheelchair Accessible (Rooms)

Public Transportation

Commuter RailDriveWalkDistance
18 min - 8.0 mi
Transit/SubwayDriveWalkDistance
SE Division Street (MAX Green Line - Tri-County Metropolitan Transportation District of Oregon Rail (TriMet Rail)) 7 min 14 min 0.7 mi
SE Powell Blvd (MAX Green Line - Tri-County Metropolitan Transportation District of Oregon Rail (TriMet Rail)) 2 min 15 min 0.7 mi
AirportDriveWalkDistance
Portland International 17 min - 8.9 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 12
Type: Surface
Included in Rent: Yes
Troy Doty 503-997-4169 Northwest Realty Source
Troy Doty 503-997-4169 Northwest Realty Source