For Sale

Burnside Court

7222 E Burnside St, Portland, OR 97215

$930,000

Burnside Court presents the opportunity to acquire a well-maintained six-unit apartment community ideally located along Portland's East Burnside corridor in the highly desirable Mt. Tabor neighborhood. The property consists of approximately 4,152 square feet on a 12,197-square-foot (0.28-acre) corner lot and features an efficient unit mix of five two-bedroom, one-bath apartments and one one-bedroom, one-bath apartment. Currently 100% occupied, Burnside Court provides stable in-place cash flow with a 7.01% cap rate while offering future upside through continued interior renovations as units naturally turn over. The property's desirable unit mix, efficient single-level courtyard layout, and premier eastside location create an attractive investment opportunity with both immediate income and long-term appreciation potential.

  • 7.01% cap rate on in-place rents
  • Well-maintained, single-level courtyard
  • Located near Mt. Tabor on East Burnside Street
  • Five 2bd/1ba units and one 1bd/1ba unit
  • 100% occupied
  • Recent unit upgrades

Asking Price

$930,000

Cap Rate

7.01%

Location

Portland - Northeast Portland

Building Size

4,152 SF

gray and brown single story multifamily property with blue skies
gray and brown single story multifamily property with blue skies behind and green lawn
gray and brown single story multifamily property with blue skies behind and green lawn
interior of apartment with white walls and waxed wood floors

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© 2022 NAI Elliott - All Rights Reserved

© 2022 NAI Elliott - All Rights Reserved

© 2022 NAI Elliott - All Rights Reserved

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