Mixed-Use Property in Centennial
16804 SE Division St, Portland, OR 97236
14-unit mixed-use property with retail and residential components.
Type:Multifamily, Retail
- Added:
- Mar 9, 2026
- Days on Market:
- 64
- Last Refresh:
- Mar 19 at 10:13 pm
Property Features for 16804 SE Division St
General Information
- Standard status
- Active
- Property subtype
- Multifamily, Retail
Building Details
- Year Built
- 2003
Listing agent Whitney Rhoades License #201204200
Listing office Marcus & Millichap - Portland
Listing date Mar 9, 2026
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 Marcus & Millichap - Portland
HighLights
- Significant rental upside (approximately 7.1%) in apartment units, offering immediate revenue growth potential.
- Stable, long‑term retail tenant in place since 2012, providing consistent income with lease extending to 2032.
- Mix of unit types (townhomes, one‑bedroom, and studios) catering to diverse tenant needs.
- Updated interiors in most townhomes, including LVP flooring, carpeted bedrooms, and in‑unit washer/dryers.
- Spacious private outdoor areas for townhomes, featuring dual upstairs decks and fenced backyards.
- Strategic location in Portland's Centennial neighborhood, with easy access to major commuter routes (I‑84, I‑205) and public transportation.
Overview
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.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Aman Apartments LLC
Apartment Building
Location Insight
- Map
- Local Demand
- City
- Portland
- County
- Washington
- State
- Oregon
- Longitude
- -122.4891202
- Latitude
- 45.5043262
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - 14-unit mixed-use property with retail and residential components.
Where is this mixed-use property located?
The property is located at 16804 SE Division St Portland, OR.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: Significant rental upside (approximately 7.1%) in apartment units, offering immediate revenue growth potential.; Stable, long‑term retail tenant in place since 2012, providing consistent income with lease extending to 2032.; Mix of unit types (townhomes, one‑bedroom, and studios) catering to diverse tenant needs.
