2560 136Th Ave Portland, OR 97236

This exceptional Class A, 4-plex multifamily investment property located at 2560 SE 136th Ave, Portland, OR 97236, presents a compelling opportunity. The property, built in 1945, comprises 2,832 square feet and features four units, each a 2-bedroom, 1-bathroom apartment. Currently operating at 75% occupancy with a modified lease type, this property offers a strong 4.00% cap rate and a price per square foot of $282. Recent renovations include updated kitchens and bathrooms, new flooring, windows, paint, hot water heaters, and electrical panels. Exterior improvements encompass refreshed decks and landscaping in both private and common areas. Ample off-street parking accommodates eight vehicles. The property's convenient location provides easy access to public transportation and numerous amenities. One unit is soon to become vacant, allowing for immediate viewing. The potential exists to develop an additional 4-plex on the site, generating further passive income while benefiting from the existing cash flow. This is a rare opportunity to acquire a well-maintained, high-performing multifamily property in a desirable Portland location.