6834 Sandy BlvdPortland, OR 97213

Property Details for 6834 Sandy Blvd

Year built

1923

Property size (Sq ft)

4,211 SF

Property type

Retail properties

Property subtype

Mixed-use properties

Description

This exceptional mixed-use property, located at 6834 NE Sandy Boulevard in Portland, Oregon, presents a compelling value-add investment opportunity. The 4,211 square foot building, constructed in 1923 and extensively renovated in 2023, sits on a 5,400 square foot lot and is zoned CM2. The property boasts three units, currently operating at 34% occupancy, offering significant upside potential. Recent renovations include a new roof, upgraded plumbing and electrical systems, and one completely renovated retail space. The apartments are mostly renovated, providing immediate income generation and the opportunity to further increase rental rates. The asking price is $695,000, translating to $165.04 per square foot. Situated on one of Portland's busiest retail corridors, this property benefits from high foot traffic and strong visibility. The property's location in Multnomah County, zip code 97213, provides easy access to major transportation routes and amenities. This is a rare chance to acquire a well-located, partially renovated mixed-use building in a thriving Portland neighborhood, offering substantial returns for the savvy investor. The property's APN is R184700650. This is a value-add opportunity with significant potential for increased occupancy and rental income.

Location Insight

City

Portland

County

Multnomah

State

Oregon

Latitude

45.5467

Longitude

-122.593

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