13116 SE Powell Blvd, Portland, OR 97236
Renovated 28-unit apartment community in SE Portland with value-add potential.
- Added:
- Sep 25, 2025
- Days on Market:
- 286
- Last Refresh:
- Jul 2 at 11:51 am
Property Features for 13116 SE Powell Blvd
General Information
- Standard status
- Active
- Size
- 22,470 SF
- Property subtype
- Multifamily
Listing office Pinnacle Real Estate Service LLC
Listing date Sep 25, 2025
Source Crexi
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 Pinnacle Real Estate Service LLC
HighLights
- Significant interior and exterior renovations completed.
- Mix of mostly 2BR units, remodeled units feature washer/dryer hookups.
- Stabilized asset offering proven income and continued value‑add potential.
- Highly visible Powell Blvd location provides easy access to I‑205, shopping, and parks.
- Strong rental demand in the area.
- Off‑street parking available.
Overview
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $552.8k | $24.60 |
| − Vacancy | −$28.2k | −$1.25 |
| EGI | $524.6k | $23.35 |
| − OpEx | −$236.1k | −$10.51 |
| NOI | $288.5k | $12.84 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Portland
- County
- Washington
- State
- Oregon
- Longitude
- -122.5283013
- Latitude
- 45.4968312
