Portland, OR 97266

$1,540,000
9,866
SqFt

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List Price
$1,540,000
Days on Market
1
MLS#
576296232
Property Type
Multifamily
Sqft. of Residence
9,866
Lot Size
10, 000 to 14, 999 SqFt
Region
Portland Southeast
Status
ACTIVE

Property Description

The SE 119th Apartments is an 11-unit multifamily community located at 3548 SE 119th Avenue in Portland's Powellhurst-Gilbert neighborhood. Constructed in 2003, the property is substantially newer than much of the apartment inventory throughout the East Portland market, offering investors a more modern asset with an attractive townhome-style floor plans.The community consists entirely of spacious two-bedroom, one-bath townhome-style apartment homes averaging approximately 897 square feet. Each unit features functional two-story floorplans, washer & dryer hookups, private patio areas, and ample off-street parking. The larger floorplans and townhome design continue to appeal to residents seeking additional space and a more residential living environment.Current ownership has completed ongoing maintenance and improvements throughout their ownership, including replacing the roof on one of the two buildings in early 2025. Unit interiors have also been updated as apartments have turned over.SE 119th Apartments presents investors with the opportunity to acquire a newer vintage apartment community featuring desirable floorplans, stable occupancy, and continued rental upside within one of Portland's more affordable workforce housing submarkets.

Additional Information

Tax Amount
$20,828
Year Built
2003
High School
David Douglas
Elementary School
W Powellhurst
Middle School
Ron Russell
Acres
0.32
Living Area
9,866
Terms
Call Listing Agent
Fuel Description
Electricity
Heating Description
Wall Heater
Hoa Rent Includes
None
Hot Water Description
Electricity
Exterior Description
Wood Siding
Roof Type
Composition
Sewer Description
Public Sewer
Parking
Off Street, Paved
Parking Description
Off Street, Paved
Road Surface
Paved
Number Of Units Total
11
Unit Type One Baths Total
1
Unit Type One Beds Total
2
Unit Type One Rent
1343
Unit Type One Sq Ft
897
Unit Type One Units Total
11

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Amount of Loan
Annual Interest Rate
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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of Barry Investment Real Estate.

The content relating to real estate for sale on this site comes in part from the IDX program of the RMLS of Portland, Oregon. Real Estate listings held by brokerage firms other than this firm are marked with the RMLS logo, and detailed information about these properties include the name of the listing's broker. Listing content is copyright © 2026 RMLS of Portland, Oregon. All information provided is deemed reliable but is not guaranteed and should be independently verified. This content last updated on . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.