Five-Unit Apartment
For Sale
Contact for pricing
Pending
1659 SE Rex St, Portland, OR 97202
Single-story rental property with varied floorplans and recent improvements to roofing, windows, kitchens, and bathrooms.
Property SizeContact for details
Days on Market420
Property Features for 1659 SE Rex St
General Information
Standard status
Pending
Class
C
Property subtype
Multifamily
Building Details
Year Built
1948
Buildings
1
Stories
1
Units
5
Listing Agency:
Marcus & Millichap - Portland
Listed By:
Whitney Rhoades · License #201204200
(503) 200-2000
Source:
Crexi
Added: Jul 15, 2025
Changed: Sep 2
Last Checked: Sep 1 at 6:56AM
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.
This single-story apartment property contains five units with a mix of one-, two-, and three-bedroom floorplans. The building was constructed in 1948 and has been professionally managed and maintained. Recent capital work includes a new torch-down roof completed in 2023, vinyl window replacements, and kitchen and bathroom updates in select units.
The property occupies a corner lot at SE Rex Street and SE Milwaukie Avenue in Portland’s Sellwood-Moreland neighborhood. Downtown Portland is approximately five miles away, with access by car, bus, bicycle, light rail, and the Springwater Corridor Trail. The surrounding area combines historic housing, newer infill, parks, and neighborhood-oriented amenities.
The property occupies a corner lot at SE Rex Street and SE Milwaukie Avenue in Portland’s Sellwood-Moreland neighborhood. Downtown Portland is approximately five miles away, with access by car, bus, bicycle, light rail, and the Springwater Corridor Trail. The surrounding area combines historic housing, newer infill, parks, and neighborhood-oriented amenities.
Key Highlights
- Five‑unit apartment building with one-, two-, and three‑bedroom floorplans
- Single‑story property built in 1948
- New torch‑down roof completed in 2023
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,269
Businesses Nearby
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Business Placement
Demographics for 97202, OR
43,193
Population
20,097
Households
2.1
Avg Household Size
38
Median Age
65%
College-Educated
96%
High-School Grad
6.3 sq mi
ZIP Area
6,856
Density / Sq Mi
$100,353
Median Household Income
$52,090
Median Earnings
$1,674
Median Rent
$684,800
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 - Single-story rental property with varied floorplans and recent improvements to roofing, windows, kitchens, and bathrooms.
Where is this apartment building located?
The property is located at 1659 SE Rex St Portland, OR.
What are key features of this property?
This property features: Five‑unit apartment building with one-, two-, and three‑bedroom floorplans; Single‑story property built in 1948; New torch‑down roof completed in 2023
