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VINTAGE BUCKMAN 10-PLEX 335 SE 16th Avenue, Portland, Oregon 97214
OFFERED AT $2,500,000
MARTIN CROSS & DAVID COLUMBUS 503-781-2950
livingroomre.com
MULTIFAMILY PROPERTY FOR SALE
335 SE 16th Avenue
PRICE: $2,500,000UNITS: 10ZONING: R1LOT SIZE: 0.23 AC-10,000 SFPARCEL ID: R100746WALK SCORE®: 100BIKE SCORE®: 98TRANSIT SCORE®: 95
MLS#: 17648661YEAR BUILT: 1922BUILDING SIZE: 8,468 SFCURRENT CAP RATE: 4.1PROJECTED CAP RATE: 5.1BASEMENT STORAGE LAUNDRY ROOMPOSSIBLE DEVELOPMENT POTENTIAL
This 1922 10-Plex, is located in the central SE Portland Buckman neighborhood. Nestled between SE Stark and East Burnside, it’s close to award winning restaurants, micro breweries, specialty boutiques, coffee shops and movie theaters. The property has a walk score of 100, a transit score of 95, and is located 3 blocks from the Ankeny bike corridor giving it a bike score of 98!
The property is comprised of eight 1 bedroom, 1 bathroom apartments and two studio apartments ranging in size from 300–700 sf.
The building also includes a 1740 sf basement which currently includes the laundry room and some storage area but has plenty of space to create defined storage units to increase the building’s income.
All units have been lovingly restored, many with either granite or tile countertops, newer appliances, refinished original wood floors. All work is of the highest quality while still maintaining and respecting the original vintage character.
The property offers lots of greenspace including a picnic area, garden space, and the potential for development possibilities.
MARTIN CROSS &DAVID COLUMBUS
BROKER & PRINCIPAL BROKER503-781-2950
PLEASE RESPECT THE PRIVACY OF THE TENANTS!
ALL OFFERS SHOULD BE WRITTEN SUBJECT TO INTERIOR INSPECTION
