Five-Unit Apartment
For Sale
$1,250,000
2602 SE 25TH Ave, Portland, OR 97202
MULTI_FAMILY - Portland, OR
Property Size4,056 SF
Lot Size0.17 Acres
Price / SF$308.19
Days on Market49
Property Features for 2602 SE 25TH Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R2.5
Bedrooms
2
Bathrooms
1
Full bathrooms
1
Rooms
Bedroom 2, Bathroom 1, Bedroom 1
Elementary school
Abernethy
Middle school
Hosford
High school
Cleveland
Directions
E to Division, S on 25th
Subdivision
_143
Standard status
Active
APN
R270395
Size
4,056 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Description
SIMONS ADD, BLOCK 4, W 75' OF LOT 2&3
Tax Annual Amount
13766
Legal Description
SIMONS ADD, BLOCK 4, W 75' OF LOT 2&3
Building Details
Year built
1977
Floors in Building
2
Number of units
5
Roof type
Composition
Listing Agency:
eXp Realty, LLC
(888) 814-9613
Listed By:
Stephen FitzMaurice
(503) 939-8231
Added: Jun 15
Changed: Aug 2
Last Checked: Aug 2 at 2:06PM
MLS# 184503794
Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Five-unit apartment building in Southeast Portland’s Clinton/Division neighborhood, featuring a clean, consistent unit mix of five two-bedroom, one-bathroom up-and-down units. Each unit includes off-street parking, and the property is presented as a turnkey income option.
The building sits on a 0.17-acre lot and totals 4,056 square feet. Roof is composition, and the property was built in 1977. Zoning is R2.5.
The configuration is designed for a straightforward rental setup, with all five units sharing the same two-bedroom, one-bath layout and parking access.
The building sits on a 0.17-acre lot and totals 4,056 square feet. Roof is composition, and the property was built in 1977. Zoning is R2.5.
The configuration is designed for a straightforward rental setup, with all five units sharing the same two-bedroom, one-bath layout and parking access.
Key Highlights
- 0.17‑acre lot with 4,056 SF apartment building
- Five up‑and‑down units: five two‑bedroom, one‑bath layouts
- Off‑street parking included with every unit
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 | $105.6k | $26.04 |
| − Vacancy | −$6.1k | −$1.51 |
| EGI | $99.5k | $24.53 |
| − OpEx | −$44.8k | −$11.04 |
| NOI | $54.7k | $13.49 |
4,056 SF · lease $26.04/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$781.7K
$684.0K – $912.0K
NOI $54,721 @ 7.0% cap · market cap 4.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$967.6K
$846.7K – $1.13M
NOI $67,735 @ 7.0% cap · market cap 5.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
1,473
Businesses Nearby
Explore this area
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Five up-and-down two-bedroom, one-bath units with off-street parking in Southeast Portland’s Clinton/Division neighborhood.
Where is this apartment building located?
The property is located at 2602 SE 25TH Ave Portland, OR.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 0.17‑acre lot with 4,056 SF apartment building; Five up‑and‑down units: five two‑bedroom, one‑bath layouts; Off‑street parking included with every unit
