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NE 28th Ave & NE Clackamas St

NE 28th Ave & NE Clackamas St

https://www.josephbernard.net/ne-28th-ave--ne-clackamas-st
Address:
1326-1328 NE 28th Ave & 2808-2810 NE Clackamas St, Portland, Oregon 97232
Price:
$1,615,000
Units:
9
Price per unit:
$179,444
Cap Rate:
5.40%
Year Built:
1926

Highlights

  • Highly sought after Sullivan Gulch neighborhood of NE Portland
  • Charming single-level apartments
  • Hardwood floors
  • Off-street parking
  • On-site laundry & storage
  • Strong rents in place
  • Central location near many amenities
  • Walk Score: 93 (Walker's Paradise)
  • Bike Score: 80 (Very Bikeable)
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NE 28th Ave & NE Clackamas St

Summary

The 28th & Clackamas apartments are located in the highly sought after inner NE Portland neighborhood of Sullivans Gulch. The property provides a unique setting with vintage single level apartments & off-street parking. The community is comprised of 1BR/1BA units with strong rents in place ($1,226 average), and experienced strong collections in 2020. The property is comprised of two parcels, which include 7 units and the adjacent 2 units providing an investor some flexibility on the acquisition. Central to many nearby amenities, the property has benefited from the central location along with the continued growth and development of the surrounding neighborhood - which continues to operate as one of the lowest vacancy sub-markets in the Portland metro. Rare opportunity to acquire a vintage apartment community in the premiere inner NE Portland sub-market.

Highlights

  • Highly sought after Sullivan Gulch neighborhood of NE Portland
  • Charming single-level apartments
  • Hardwood floors
  • Off-street parking
  • On-site laundry & storage
  • Strong rents in place
  • Central location near many amenities
  • Walk Score: 93 (Walker's Paradise)
  • Bike Score: 80 (Very Bikeable)
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NE 28th Ave & NE Clackamas St

NE 28th St/NE Clackamas St

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NE 28th Ave & NE Clackamas St

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NE 28th Ave & NE Clackamas St

Document Title Document Type
Property Flyer Adobe PDF
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NE 28th Ave & NE Clackamas St

Phillip Barry
pbarry@josephbernard.net
Joseph Bernard, LLC
5200 S Macadam Avenue
Suite 300
Portland, Oregon 97239
503.546.9390 Main
866.546.9390 Toll Free
877.631.5610 Fax
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