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20-Unit Apartment Building

12231 SE BUSH ST, Portland, OR 97236

For Sale
Contact for pricing

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 Market61

Property Features for 12231 SE BUSH ST

General Information

Standard status Active
Property subtype Multifamily

Site & Location

Neighborhood Powellhurst-Gilbert

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 OR #201254590
Source: Crexi
Added: Sep 15 Changed: Nov 6 Last Checked: Nov 12 at 7:11AM

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

Rey
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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

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

Average Price Trend$/SF for Apartment buildings in Portland, OR

$362 Jul
$376 Aug
$414 Sep
$435 Oct

Properties on Market for Apartment buildings in Portland

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025

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
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