Portland Multifamily Investment Opportunity

2500 SE 157th Ave, Portland, OR 97236

View on Map

For Sale

$5,800,000

48-unit apartment complex in Portland's Centennial neighborhood, renovated in 2022.

Type:Multifamily

HighLights

Renovated in 2022, offering modern amenities.
Located in the desirable Centennial neighborhood with strong rental demand.
Significant rental growth potential by aligning rents with market averages.
Features desirable apartment amenities including luxury vinyl tile flooring, granite countertops, air conditioning, dishwashers, and private fenced yards.
Offers community amenities such as a pool, onsite leasing office, laundry facilities, and a community room.
Convenient location near shopping, dining, Powell Butte Nature Park, and major transportation routes.

We can help!

Listing Contact

Georgie Christensen-Riley

Learn more

For Sale

$5,800,000

48-unit apartment complex in Portland's Centennial neighborhood, renovated in 2022.

Type:Multifamily

Added:: Apr 3, 2026
Days on Market:: 68
Last Refresh:: Apr 3 at 5:38 am

Property Features for 2500 SE 157th Ave

General Information

Standard status: Active
Property subtype: Multifamily

We can help!

Listing Contact

Georgie Christensen-Riley

Listing agent Georgie Christensen-Riley License #OR: 201209670

Listing office Portland Office

Listing date Apr 3, 2026

Source Marcusmillichap

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

HighLights

Renovated in 2022, offering modern amenities.
Located in the desirable Centennial neighborhood with strong rental demand.
Significant rental growth potential by aligning rents with market averages.
Features desirable apartment amenities including luxury vinyl tile flooring, granite countertops, air conditioning, dishwashers, and private fenced yards.
Offers community amenities such as a pool, onsite leasing office, laundry facilities, and a community room.
Convenient location near shopping, dining, Powell Butte Nature Park, and major transportation routes.

Overview

Bridge City Apartments, located at 2500 SE 157th Ave in Portland, presents a multifamily investment opportunity. The 48-unit complex was renovated in 2022 and is situated in the Centennial neighborhood, 12 miles east of Downtown Portland. The property consists of sixteen 1-bedroom, 1-bathroom units and thirty-two 2-bedroom, 1-bathroom units. The average rent for the one-bedroom units is $1,264 per month, while the average rent for the two-bedroom units is $1,482 per month. Apartment features include luxury vinyl tile flooring, granite countertops, air conditioning, dishwashers, and private fenced yards. Community amenities include a pool, onsite leasing office, laundry facilities, and a community room. The location provides access to shopping, dining, and natural attractions like Powell Butte Nature Park. The property is within the Centennial School District. The Centennial neighborhood offers a mix of residential comfort and urban convenience. Residents have access to Division Street’s shopping and dining options and are within walking distance of Powell Butte Nature Park. The area offers the benefits of suburban living with proximity to the city center and convenient access to major freeways and public transportation. Nearby employment centers, including the Oregon Department of Human Services and Microchip Technology Inc., add to the neighborhood’s stable tenant base.

Location Intelligence

Current Use by Public Records

RjswildwoodsandthingsLlc Department Store

Suggested Use

Location Insight

Map
Local Demand

City: Portland
County: Washington
State: Oregon
Longitude: -122.5015461
Latitude: 45.504385

Nearby Similar for Sale

$2,000,000

6,070 SF

Six-Unit Apartment Community

2019-built six-unit community with in-unit laundry and off-street parking on a low-density lot.

8300 SE Flavel St, Portland, OR 97266

View Details
$629,990

3,120 SF

Single-Level Fourplex with Garages

Four 2-bedroom units each with a fenced yard, detached garage, and washer/dryer hookups.

18321 NE WASCO St, Portland, OR 97230

View Details
$4,313,900

11,578 SF

New Construction Cottage Portfolio

Twelve detached cottages in Southeast Portland with modern amenities.

7033 SE 60th Ave, Portland, OR 97206

View Details
$1,739,900

4,868 SF

New Construction Cottage Portfolio

Four detached homes near St. Johns with strong rental potential.

6603 N Seneca St, Portland, OR 97203

View Details
$899,000

5,982 SF

Versatile Commercial Property with Warehouse

Mixed-use property featuring storefronts, restaurant, and warehouse space.

1218 N Killingsworth Street, Portland, OR 97217

View Details
$1,969,900

4,815 SF

New Multifamily Investment by Park

Five-unit townhome investment across from Peninsula Park in Portland, Oregon.

6179 N Albina Ave, Portland, OR 97217

View Details
$2,889,900

7,179 SF

Rose City Park Multifamily Investment

New 7-unit multifamily property in Portland's Rose City Park.

2938 NE 62nd Ave, Portland, OR 97213

View Details
$1,979,900

4,588 SF

New Cottage Homes in Beaumont-Wilshire

Four newly built detached cottage homes in NE Portland.

4895 NE CESAR E CHAVEZ Blvd, Portland, OR 97211

View Details
$1,200,000

3,950 SF

Four-Unit Residential Income Property

Four-unit setup with covered parking and updated exterior elements suitable for income-focused ownership.

12369 SW WALNUT St, Portland, OR 97223

View Details
$589,000

3,111 SF

Craftsman Triplex with Three Meters

1910 Craftsman triplex with three electric meters and hot water tanks, recently improved exterior systems, and interiors needing updates.

535 NE KNOTT St, Portland, OR 97212

View Details
$699,999

3,892 SF

North Portland Mixed-Use Triplex

Cash-flowing triplex with commercial flexibility in a prime location.

7521 N GLOUCESTER Ave N, Portland, OR 97203

View Details
$799,999

3,438 SF

Classic Irvington Duplex with Income

Spacious Portland duplex with market rents and further potential.

1917 1919 NE 10TH Ave NE, Portland, OR 97212

View Details

For sale
Apartment buildings
OR
Portland
97236
2500 SE 157th Ave

What type of property is this?

Apartment building - 48-unit apartment complex in Portland's Centennial neighborhood, renovated in 2022.

Where is this apartment building located?

The property is located at 2500 SE 157th Ave Portland, OR.

What is the asking price?

The asking price for this property is $5,800,000.

What are key features of this property?

This property features: Renovated in 2022, offering modern amenities.; Located in the desirable Centennial neighborhood with strong rental demand.; Significant rental growth potential by aligning rents with market averages.