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    East Portland Apartment Complex Title is generated by Realmo AI

    14455 E Burnside St, Portland, OR 97233

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    For Sale
    $3,290,000

    25-unit apartment complex in East Portland with convenient access.

    Type:Multifamily
    Property size:
    20,000 SF
    Price / SF:
    $164/SF
    Added:
    Jan 26, 2026
    Days on Market:
    161
    Last Refresh:
    Apr 5 at 8:39 pm

    Property Features for 14455 E Burnside St

    General Information

    Standard status
    Active
    Size
    20,000 SF
    Property subtype
    Multifamily

    Building Details

    Year Built
    1994

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    Elliot Rask

    Listing office

    Listing date Jan 26, 2026

    Source Corfac

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Elliot Rask

    HighLights

    • Convenient access to Downtown Portland via Hwy 26, I‑205, and I‑84.
    • Located within a block of a Portland MAX stop (Blue Line) for easy transportation.
    • Walking distance to shopping and dining on E Burnside Street.
    • Desirable unit floor plans and parking available.
    • Close proximity (1.5 miles) to amenities on SE Division Street.
    • High‑quality property management in place.

    Overview

    Glenfair Apartments is a 25-unit apartment complex situated in East Portland. The property is located on E Burnside St near SE Division St and I-205, centrally located with easy access to Downtown and the numerous amenities in the area. It is ideally situated just a short walk away from the vibrant shopping and dining attractions on E Burnside Street and conveniently located 1.5 miles from SE Division Street, where you’ll find a plethora of amenities. The property is also within a block of a Portland MAX stop, offering convenient transportation to various parts of the inner urban area. With the proximity of Hwy 26, I-205, and I-84, tenants will enjoy easy access to Downtown Portland. The property has desirable unit floor plans and parking and high-quality property management in place. The property size is 20000 square feet.

    Local Financial Insights For Apartment 5plus

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $492.0k $24.60
    − Vacancy −$25.1k −$1.25
    EGI $466.9k $23.35
    − OpEx −$210.1k −$10.51
    NOI $256.8k $12.84
    20,000 SF · lease $24.60/SF/yr · vacancy 5.10% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $3.67M
    $3.21M – $4.28M (±1% cap)
    NOI $256,799 @ 7.0% cap · market cap 7.81%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $5.62M
    $4.91M – $6.55M (±1% cap)
    NOI $393,155 @ 7.0% cap · market cap 11.95%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Glenfair Apartments Apartment Building

    Suggested Use

    Law Firm Real Estate Agency Gym & Fitness Center Building Supply Pharmacy Hair Salon Department Store Kitchen & Bath Showroom Computer & Electronic Repair Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Washington
    State
    Oregon
    Longitude
    -122.514
    Latitude
    45.5229

    FAQs

    What type of property is this?
    Apartment building - 25-unit apartment complex in East Portland with convenient access.
    Where is this apartment building located?
    The property is located at 14455 E Burnside St Portland, OR.
    What is the asking price?
    The asking price for this property is $3,290,000.
    What are key features of this property?
    This property features: Convenient access to Downtown Portland via Hwy 26, I‑205, and I‑84.; Located within a block of a Portland MAX stop (Blue Line) for easy transportation.; Walking distance to shopping and dining on E Burnside Street.
    More about this property
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