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16405 E Burnside St
Portland, OR 97233 Rockwood

$6,300,000 USD

Apartments For Sale  •  48,366 SF

Property Details

  • Property Type Apartments
  • Total Building Size 36,160 SF
  • Lot Size 1.72 AC
  • Building Class C
  • Year Built 1992
55 Transit Score
69 Walk Score

Highlights

Strong 2br/1ba unit mix with Washer/Dryers in unit
Significant upside in the rents (15-20%), with ability to implement RUBS in the future
Extensively renovated asset (New Siding, Windows, Roofs, Paint, Interior upgrades)
Low vacancy in recent years (estimated 1-2%)
Operational Value-Add Opportunity

Property Flyers

Public Transportation

Transit/SubwayDriveWalkDistance
E 162Nd (MAX Blue Line - Tri-County Metropolitan Transportation District of Oregon Rail (TriMet Rail)) 0 min 2 min 0.1 mi
E 172Nd (MAX Blue Line - Tri-County Metropolitan Transportation District of Oregon Rail (TriMet Rail)) 1 min 8 min 0.4 mi
E 148Th (MAX Blue Line - Tri-County Metropolitan Transportation District of Oregon Rail (TriMet Rail)) 2 min 15 min 0.8 mi
E 181St (MAX Blue Line - Tri-County Metropolitan Transportation District of Oregon Rail (TriMet Rail)) 2 min 16 min 0.9 mi
AirportDriveWalkDistance
Portland International 17 min - 8.0 mi
Phillip Barry 503-593-9707 Joseph Bernard, LLC
Phillip Barry 503-593-9707 Joseph Bernard, LLC