5013-5025 View Point TerPortland, OR 97239

Property Details for 5013-5025 View Point Ter

Year built

1979

Lot size

0.23 AC

Property size (Sq ft)

8,365 SF

Property type

Apartment buildings

Description

Exceptional investment opportunity awaits with this five-unit apartment building situated in desirable Southwest Portland, Oregon. This property, comprised of two buildings constructed in 1979 and 1991, boasts a total of 8,365 square feet on a 0.23-acre lot. The two-story buildings offer a mix of one-, three-, and four-bedroom units, each featuring spacious layouts. Recent upgrades enhance the appeal, with desirable amenities including fully equipped kitchens featuring stainless steel appliances, fireplaces, in-unit washer/dryers, and private balconies or patios. Attached garages provide convenient parking. The average unit rent is $1,673, generating a strong 6.12% cap rate on the $1,750,000 asking price, or $350,000 per unit. Located on a quiet, tree-lined street, the property enjoys easy access to downtown Portland (less than 10 minutes away) and is conveniently situated just five minutes from Oregon Health & Science University, benefiting from a large pool of potential tenants. This prime location offers residents a blend of peaceful suburban living and convenient proximity to urban amenities, making it an ideal investment for both owner-occupants and investors seeking a high-return property in a thriving market. The property address is 5013-5025 S View Point Terrace, Portland, OR 97239.

Location Insight

City

Portland

County

Multnomah

State

Oregon

Latitude

45.4869

Longitude

-122.678

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