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New Construction 14-Unit Apartment Building
For Sale
Contact for pricing

5166 SE Division St, Portland, OR 97206

Fourteen-unit multifamily building newly constructed as a residential income property.

Property SizeContact for details
Days on Market133

Property Features for 5166 SE Division St

General Information

Standard status Active
Property subtype Multifamily
Listing Agency: Newmark - Portland
Listed By: Sam Lawhead · License #OR 201007001
Source: Crexi
Added: Apr 12 Changed: Aug 8 Last Checked: Jul 21 at 5:36AM

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 Newmark - Portland

Investment Insights

Based on property information with market context.

This new construction apartment building consists of 14 units, positioned as a residential income property. The offering is described as a trophy asset, and the property is presented as high quality and newly built.

The building is located at 5166 SE Division St in Portland, Oregon. The transaction is listed as for sale.

With 14 residential units in place, the property provides a straightforward multifamily format for buyers seeking an income-producing apartment building.

Key Highlights

  • 14‑unit multifamily building
  • Newly constructed as a residential income property

Property Analytics

Current Use

Franklin Flats Apartment Complex

Suggested Use

Top Pick HVAC Service Parking Lot & Garage (Bike/Boat/Book/etc) Store Carpet & Flooring Store Grocery & Convenience Store Electrical Service

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

Location Intelligence

Trade Area within ½ mile

1,283
Businesses Nearby

Demographics for 97206, OR

51,072
Population
22,348
Households
2.3
Avg Household Size
38
Median Age
49%
College-Educated
94%
High-School Grad
6.5 sq mi
ZIP Area
7,857
Density / Sq Mi
$94,233
Median Household Income
$54,254
Median Earnings
$1,693
Median Rent
$480,500
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 - Fourteen-unit multifamily building newly constructed as a residential income property.
Where is this apartment building located?
The property is located at 5166 SE Division St Portland, OR.
What are key features of this property?
This property features: 14‑unit multifamily building; Newly constructed as a residential income property
More about this property
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