Six-Unit Townhome-Style
For Sale
$1,080,000
3540 SE 119th Ave, Portland, OR 97266
Built in 2006, this six-unit townhome-style property offers all two-bedroom, 1.5-bath paired layouts with private exterior entrances.
Property SizeContact for details
Days on Market110
Property Features for 3540 SE 119th Ave
General Information
Standard status
Active
Property subtype
Multifamily
Occupancy
95%
Additional Details
Cap Rate
7.02%
Multifamily Units
6
Amenities
2006-Built Six-Unit Townhome Asset Located in Southeast Portland's Powellhurst-Gilbert
In-Place Rents Approximately Six Percent Below Market with Immediate Income Growth Potential
Convert to Stainless Steel Appliances and Add Higher-Grade Finishes to Drive Rent
2006 Vintage Enhances Tenant Demand and Helps Limit Near-Term Capital Replacement Needs
Individual Water Meters (Currently Landlord Pays All)
Building Details
Year Built
2006
Units
6
Listing Agency:
Marcus & Millichap - Portland
Listed By:
Whitney Rhoades · License #License(s): OR: 201204200, WA: 25012784
(503) 200-2022
Source:
Marcusmillichap
Added: May 21
Changed: Aug 7
Last Checked: Sep 7 at 4:48AM
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 Marcus & Millichap - Portland
Investment Insights
Based on property information with market context.
Duplexes on 119th is a six-unit townhouse-style multifamily property constructed in 2006. The unit mix is consistent throughout the building, with each layout featuring two bedrooms and one and a half baths across a functional two-level plan. Units include washer/dryer hookups, private exterior entrances, and dedicated on-site storage, supporting a more residential feel with reduced shared-wall exposure from the paired townhome configuration.
The property is located in Southeast Portland’s Powellhurst Gilbert area, offering convenient access to transportation corridors, neighborhood retail, and daily services. From an investment perspective, in-place rents are approximately six percent below market, with additional upside suggested through targeted interior upgrades such as luxury vinyl plank flooring and updated finishes.
The property is located in Southeast Portland’s Powellhurst Gilbert area, offering convenient access to transportation corridors, neighborhood retail, and daily services. From an investment perspective, in-place rents are approximately six percent below market, with additional upside suggested through targeted interior upgrades such as luxury vinyl plank flooring and updated finishes.
Key Highlights
- Six‑unit townhome‑style multifamily property built in 2006
- All units are 2‑bedroom, 1.5‑bath paired layouts
- Each unit has a two‑level floor plan with in‑unit washer/dryer hookups
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
754
Businesses Nearby
Explore this area
Business Placement
Demographics for 97266, OR
36,095
Population
13,863
Households
2.6
Avg Household Size
37
Median Age
29%
College-Educated
85%
High-School Grad
6.1 sq mi
ZIP Area
5,917
Density / Sq Mi
$71,791
Median Household Income
$39,856
Median Earnings
$1,532
Median Rent
$420,800
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Built in 2006, this six-unit townhome-style property offers all two-bedroom, 1.5-bath paired layouts with private exterior entrances.
Where is this apartment building located?
The property is located at 3540 SE 119th Ave Portland, OR.
What is the asking price?
The asking price for this property is $1,080,000.
What are key features of this property?
This property features: Six‑unit townhome‑style multifamily property built in 2006; All units are 2‑bedroom, 1.5‑bath paired layouts; Each unit has a two‑level floor plan with in‑unit washer/dryer hookups
