Multifamily Apartment Building with Oversized
2724 SW Custer St Portland, OR 97219
For Sale
$1,395,000
Value-add multifamily on an oversized lot with rents below market and landlord-paid utilities in place.
Days on Market112
Property Features for 2724 SW Custer St
General Information
- Standard status
- Active
- Property subtype
- Multifamily
Listing Agency:
Portland Office
(503) 200-2029
Listed By:
Art Karas · License #OR: 201216710
(503) 200-2029
Source:
Marcusmillichap
Added: Apr 3
Changed: Jul 23
Last Checked: Jul 23 at 2:38AM
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.
Marcus & Millichap is pleased to present Custer Commons, a value-add multifamily opportunity positioned on an oversized lot. The property offers in-place income with an operational upside tied to rents that remain below market. In addition, the landlord is currently paying all utilities, creating an uncommon structure that may allow new lease structuring and a RUBS program to increase net operating income with minimal capital investment.
Located at 2724 SW Custer St in Southwest Portland, the property is described as being in an amenity-rich area with walkable access to neighborhood shops, services, parks, and transit. The oversized lot also introduces redevelopment flexibility, providing potential optionality for patient investors.
Overall, Custer Commons is positioned as a straightforward value-add play with near-term operational improvements and longer-term land redevelopment potential.
Located at 2724 SW Custer St in Southwest Portland, the property is described as being in an amenity-rich area with walkable access to neighborhood shops, services, parks, and transit. The oversized lot also introduces redevelopment flexibility, providing potential optionality for patient investors.
Overall, Custer Commons is positioned as a straightforward value-add play with near-term operational improvements and longer-term land redevelopment potential.
Key Highlights
- Value‑add multifamily on an oversized lot in Southwest Portland
- Current rents are below market, providing potential immediate rent upside as units turn
- Landlord currently pays all utilities, enabling potential lease restructuring and RUBS implementation
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Value-add multifamily on an oversized lot with rents below market and landlord-paid utilities in place.
Where is this apartment building located?
The property is located at 2724 SW Custer St Portland, OR.
What is the asking price?
The asking price for this property is $1,395,000.
What are key features of this property?
This property features: Value‑add multifamily on an oversized lot in Southwest Portland; Current rents are below market, providing potential immediate rent upside as units turn; Landlord currently pays all utilities, enabling potential lease restructuring and RUBS implementation
