16804 SE Division St Portland, OR 97236

Division Crossing is a mixed-use property located in Portland’s Centennial neighborhood. Constructed in 2003, the property consists of 14 apartment units and a stabilized retail component. The apartment units include six two-bedroom, 1.5-bathroom townhomes, one large one-bedroom unit, and seven studio flats. The property consists of two buildings with wood-frame construction. Most townhomes feature updated interiors, including LVP flooring and carpeted bedrooms, in-unit washer and dryers, and private outdoor spaces with dual upstairs decks and fenced backyards. The apartments offer approximately 7.1% upside in current rents. The one-bedroom unit is oversized, offering further upside through either division into multiple units or conversion to additional bedrooms. The retail tenant has operated at the property since 2012, providing stable income with the ability to increase lease terms upon expiration in 2032. Located approximately 12 miles east of Downtown Portland, the Centennial neighborhood provides access to major commuter corridors while maintaining a stable residential base. SE Division Street serves as a primary commercial artery with strong traffic counts and bus service at 168th Avenue. Proximity to I-84 and I-205 allows efficient connectivity across the metro area.