14937 SE STARK ST, Portland, OR 97233
- $2,200,000
- List Price
- $2,200,000
- Days on Market
- 85
- MLS#
- 599632980
- Property Type
- Multifamily
- Lot Size
- 20, 000 SqFt to .99 Acres
- Region
- Portland Southeast
- Status
- ACTIVE
Property Description
14937 SE Stark St presents an opportunity to acquire a well-located 16-unit apartment community in Portland’s Mid-County submarket on nearly three quarters of an acre. Across four buildings, 12 of the 16 units were built between 2001 and 2005, with one fourplex built in 1966. The unit mix is highly attractive with the majority being 2-bed / 1.5-bath townhouse-style layouts that provide strong livability and long-term tenant appeal.The asset benefits from solid construction, functional layouts, and a quiet setting set back from Stark Street. 12 units feature in-unit laundry, and the property offers plenty of off-street parking. The newer buildings in particular reflect durable construction and systems that limit near-term capital needs, while the overall site design creates a low-density, residential feel. Currently fully leased, the property offers clear upside through operational improvements and light rent increases. With strong fundamentals, desirable townhouse-style units, and meaningful room for income growth, 14937 SE Stark St represents a stable, income-producing asset with a straightforward path to enhanced returns in a solid East Portland location.
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Additional Information
- Tax Amount
- $32,542
- Year Built
- 2005
- High School
- David Douglas
- Elementary School
- Parklane
- Middle School
- Oliver
- Acres
- 0.73
- Stories
- 2
- Terms
- Cash, Conventional
- Cooling Description
- Other
- Fuel Description
- Electricity
- Heating Description
- Other
- Hoa Rent Includes
- None
- Hot Water Description
- Other
- Exterior Description
- Other
- Roof Type
- Other
- Sewer Description
- Public Sewer
- Parking
- Assigned
- Parking Description
- Assigned
- Number Of Units Total
- 16
- Unit Type One Baths Total
- 1
- Unit Type One Beds Total
- 1
- Unit Type One Rent
- 995
- Unit Type One Sq Ft
- 700
- Unit Type One Units Total
- 1
- Unit Type Two Baths Total
- 1
- Unit Type Two Beds Total
- 2
- Unit Type Two Units Total
- 5
- Unit Type Three Baths Total
- 2
- Unit Type Three Beds Total
- 2
- Unit Type Three Rent
- 1368
- Unit Type Three Sq Ft
- 993
- Unit Type Three Units Total
- 10
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Listing courtesy of SMI Commercial Real Estate LLC.
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