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Five-Unit Apartment Building
For Sale
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Pending

5429 SE Rhone St, Portland, OR 97206

Fully rented multifamily property with remodeled residences, updated appliances, a townhouse-style unit, and a covered patio.

Property SizeContact for details
Days on Market147

Property Features for 5429 SE Rhone St

General Information

Standard status Pending
Property subtype Multifamily
Occupancy 100%

Units

Unit Mix 5 x 2BR/1BA
Multifamily Units 5

Amenities

covered patio

Building Details

Buildings 1
Listing Agency: Eleete Real Estate
Listed By: Ward1 Spears · License #940700110
Source: Crexi
Added: Apr 11 Changed: Aug 30 Last Checked: Sep 1 at 1:47AM

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 Eleete Real Estate

Investment Insights

Based on property information with market context.

This five-unit apartment property includes a consistent layout of two bedrooms and one bathroom per residence. Two units have been newly remodeled and include new appliances. One residence is configured in townhouse style, with no unit above it. A covered patio provides an additional shared outdoor feature.

The property is located at 5429 SE Rhone St in Portland’s Southeast Portland area, near coffee shops, bars, and food carts. All five units are currently rented, providing an established occupancy profile for the multifamily asset.

Key Highlights

  • Five‑unit apartment property at 5429 SE Rhone St, Portland, OR 97206
  • Each unit includes 2 bedrooms and 1 bathroom
  • Fully rented across all five units

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Real Estate Agency Parking Lot & Garage Electrical Service (Bike/Boat/Book/etc) Store Carpet & Flooring Store

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

Lease Details

5
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

936
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
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Fully rented multifamily property with remodeled residences, updated appliances, a townhouse-style unit, and a covered patio.
Where is this apartment building located?
The property is located at 5429 SE Rhone St Portland, OR.
What are key features of this property?
This property features: Five‑unit apartment property at 5429 SE Rhone St, Portland, OR 97206; Each unit includes 2 bedrooms and 1 bathroom; Fully rented across all five units
More about this property
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