Sellwood Multifamily Investment
5490 SE Milwaukie Ave Portland, OR 97202
For Sale
$2,199,000
Eleven-unit apartment building in desirable Sellwood neighborhood.
Days on Market112
Property Features for 5490 SE Milwaukie Ave
General Information
- Standard status
- Active
- Property subtype
- Multifamily
Listing Agency:
Portland Office
(503) 200-2074
Listed By:
Noah R. Bussanich · License #License(s): OR: 201252651
(503) 200-2074
Source:
Marcusmillichap
Added: Apr 3
Changed: Jul 10
Last Checked: Jul 23 at 2:36AM
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 Portland Office
Investment Insights
Based on property information with market context.
The Harold Apartments, constructed in 2015, is an 11-unit multifamily property located in the Sellwood neighborhood of Southeast Portland. The property features a mix of four studio units, six two-bedroom units with one and a half bathrooms, and one two-bedroom, two-bathroom apartment. The building's design incorporates a cedar shake exterior, energy-efficient vinyl windows, and a three-story structure. Interior finishes include hardwood-style flooring, gray granite countertops, stainless steel appliances, built-in wardrobe cabinetry, ceiling fans, and in-unit stacked washers and dryers. Bathrooms feature walk-in showers with modern tile. Dedicated bicycle storage is available. The property is located in North Sellwood, with access to restaurants, coffee shops, local retail, and outdoor destinations including Oaks Bottom Wildlife Refuge, the Springwater Corridor Trail, Sellwood Park, and Eastmoreland Golf Course. Multiple bus lines serve the area, and the MAX Orange Line is located 0.2 miles away. Downtown Portland is three miles from the property. Current rents are approximately 11.5 percent below market.
Key Highlights
- Located in the highly desirable Sellwood neighborhood of Southeast Portland.
- Newer construction (2015) with modern finishes.
- Turnkey asset with significant value upside.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Harold Apartments
Apartment Building
FAQs
What type of property is this?
Apartment building - Eleven-unit apartment building in desirable Sellwood neighborhood.
Where is this apartment building located?
The property is located at 5490 SE Milwaukie Ave Portland, OR.
What is the asking price?
The asking price for this property is $2,199,000.
What are key features of this property?
This property features: Located in the highly desirable Sellwood neighborhood of Southeast Portland.; Newer construction (2015) with modern finishes.; Turnkey asset with significant value upside.
