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Division Street Apartments

Division Street Apartments

https://www.josephbernard.net/division_st
Address:
13021 SE Division Street, Portland, Oregon 97236
Price:
$325,900
Units:
5
Price per unit:
$65,180
Cap Rate:
8.09%
Year Built:
1975

Highlights

  • Located on Bus Line
  • Recent Interior Upgrades
  • Private Backyard Areas
  • Off Street Parking
  • Large 2 Bedroom Units
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Division Street Apartments

Summary

The Division Street Apartments are a 5 unit community located on SE Division and 130th Avenue in the Hazelwood neighborhood of SE Portland. This property features large 2 bedroom units that have had recent interior upgrades, off street parking and private backyard areas. The TriMet bus line runs along SE Division, giving giving tenants easy access to Portland's extensive transportation system. 

Highlights

  • Located on Bus Line
  • Recent Interior Upgrades
  • Private Backyard Areas
  • Off Street Parking
  • Large 2 Bedroom Units
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Division Street Apartments

Hazelwood offers quiet, tree lined residential streets in the midst of several busy Portland roads such as Burnside Street and 122nd Ave.  The TriMet MAX line runs through the area (Gresham-Portland line, and to the airport), making this a fairly easy commute for those residents riding the train.   Hazelwood does have a mix of residential and commercial areas.  The largest area employer is the Adventist Hospital, and there are a lot of other medical related businesses in the area (mostly closer to 102nd Ave).   You'll find Mall 205 and the Gateway Shopping Center, many retail shops, and some automobile-related businesses such as car dealerships, which are primarily located along 122nd Ave. (PortlandNeighborhoods.com)

The Portland rental market is ranked #4 in the country in terms of apartment rent growth, according to Axiometrics, Inc., a provider of data and analysis on the multi-family housing sector. Portland is also well known for its strong land-use planning and investment into public transportation.  Some of the larger Portland employers include Nike, Columbia Sportswear, Tektronix, Precision Castparts Corp. and Mentor Graphics Corp.   

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Division Street Apartments

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Division Street Apartments

Document Title Document Type
Property Flyer Adobe PDF
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Division Street Apartments

Bernard Gehret
bgehret@josephbernard.net
Michael Candianides
mcandianides@josephbernard.net
Joseph Bernard, LLC
5 Centerpointe Drive, Suite 400
Lake Oswego, OR 97035
503.546.9390 Main
866.546.9390 Toll Free
877.631.5610 Fax