5-Plex in the Heart of Southeast Portland
Property Details
Price
$799,000
Building Size
2,550 SF
Property Details
Low-Rise/Garden
Description

Following completion of several building updates, we are re-introducing an exceptional investment prospect in the heart of Portland's sought-after Buckman neighborhood. Located at 1935 SE Washington, this 5-plex presents not only immediate income potential but also a unique chance to expand with the addition of a sixth unit.

Highlights
Key Features:
Strategic Location: Situated in the vibrant Buckman neighborhood, renowned for its artistic character and thriving community, this property enjoys proximity to local hotspots, trendy eateries, boutique shops, and excellent transportation links. Its strategic location ensures sustained demand from both renters and investors alike.
Income Potential: The existing 5 units offer a steady stream of rental income, reflecting the attractiveness of the locale. Two of the units are well under market rents, offering the ability to increase returns over time.
Opportunity for Growth: One of the standout features of this property lies in the potential to add a sixth unit, further enhancing its income-generating capabilities.
Recent Upgrades: Ownership has recently upgraded plumbing, electrical systems, and modern fixtures. These enhancements not only elevate the overall living experience for tenants but also underscore the commitment to quality and value.
Amenities at Your Doorstep: The surrounding Buckman neighborhood offers an array of amenities, from lush parks and recreational facilities to convenient access to public transportation. Residents will relish the close proximity to cultural events, local entertainment venues, and a dynamic array of dining options.
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Brokers

Seth Platsman
Broker
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