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20-Unit Apartment Building
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12231 SE BUSH ST, Portland, OR 97236

Uniform two-bedroom homes feature two baths, private outdoor space, storage, and in-unit laundry within a 2009-built property.

Property SizeContact for details
Days on Market13

Property Features for 12231 SE BUSH ST

General Information

Standard status Active
Property subtype Multifamily

Units

Unit Mix 20 x 2BR/2BA
Multifamily Units 20

Amenities

on-site parking
deck/patio
storage
in-unit washer/dryer

Building Details

Year Built 2009
Listing Agency: SMI Real Estate
Listed By: Matt Miller · License #201254590
Source: Crexi
Added: Sep 15 Changed: Sep 26 Last Checked: Sep 26 at 6:48AM

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 SMI Real Estate

Investment Insights

Based on property information with market context.

The Shire II is a 20-unit apartment property completed in 2009, with a consistent floor plan across the community. Each residence offers 2 bedrooms and 2 bathrooms, averaging approximately 1,000 square feet. Individual units also include a deck or patio, dedicated storage, and an in-unit washer and dryer. On-site parking serves the property, while copper plumbing is an additional construction feature.

Located at 12231-12239 SE Bush St in Southeast Portland, the property provides access to nearby commercial corridors, neighborhood amenities, and transportation routes serving the eastside and broader Portland metro area. The uniform unit configuration and practical in-unit amenities create a straightforward multifamily layout for continued ownership or operation.

Key Highlights

  • 20‑unit apartment complex built in 2009
  • Uniform mix of 2 Bed / 2 Bath apartments averaging approximately 1,000 square feet
  • Every unit includes a deck or patio, storage, and an in‑unit washer and dryer

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Law Firm Hair Salon Nail Salon Building Supply Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

20
Residential units

Location Intelligence

Trade Area within ½ mile

719
Businesses Nearby

Demographics for 97236, OR

40,193
Population
13,736
Households
2.9
Avg Household Size
36
Median Age
21%
College-Educated
81%
High-School Grad
7.7 sq mi
ZIP Area
5,220
Density / Sq Mi
$68,582
Median Household Income
$38,131
Median Earnings
$1,436
Median Rent
$414,400
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Uniform two-bedroom homes feature two baths, private outdoor space, storage, and in-unit laundry within a 2009-built property.
Where is this apartment building located?
The property is located at 12231 SE BUSH ST Portland, OR.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: 20‑unit apartment complex built in 2009; Uniform mix of 2 Bed / 2 Bath apartments averaging approximately 1,000 square feet; Every unit includes a deck or patio, storage, and an in‑unit washer and dryer
More about this property
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