Garden-Style Multifamily
2630 Southeast 136th Avenue, Portland, OR 97236
18-unit garden-style multifamily with washer/dryer hookups and partial modern unit renovations for updated residential income use.
Type:Multifamily
Property size:
14,624 SFLot size:
1.05 AcresPrice / SF:
$153/SF- Added:
- Jun 16, 2026
- Days on Market:
- 11
- Last Refresh:
- Jun 20 at 3:04 am
Property Features for 2630 Southeast 136th Avenue
General Information
- Standard status
- Active
- Size
- 14,624 SF
- Lot size
- 1.05 Acres
- Property subtype
- Multifamily
Building Details
- Year Built
- 1972
Listing office Commercial Integrity, NW
Listing date Jun 16, 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 Commercial Integrity, NW
HighLights
- 18‑unit garden‑style multifamily built in 1972 across five buildings on about 1.05 acres
- Approximately 50% of units are renovated with new LVT flooring, countertops, stainless appliances, paint and trim
- Renovations also include updated light and plumbing fixtures in the partially renovated units
- Average unit size is about 812 SF
- Washer/dryer hookups available in each unit
Overview
This 18-unit multifamily property features a garden-style configuration across five buildings, built in 1972. The investment includes washer/dryer hookups in each unit, supporting everyday convenience for residents. Approximately half of the units have been renovated with new LVT flooring, updated countertops, stainless appliances, fresh paint and trim, and revised light and plumbing fixtures, helping create a more consistent, updated interior standard.
The property is located at 2630-2664 SE 136th Ave in Portland, Oregon, and sits on approximately 1.05 acres. Its multi-building layout is designed to operate as a cohesive residential community, with the shared site serving the overall tenant experience across all buildings.
For buyers or operators seeking an income-oriented residential asset, this property offers a straightforward unit mix with in-unit laundry hookups and tangible renovation progress already completed in a portion of the homes. With updates including flooring, finishes, appliances, and fixture improvements, the renovated units may help reduce near-term interior work for incoming tenants while the remaining units provide continuity for a planned approach to further upgrades.
The property is located at 2630-2664 SE 136th Ave in Portland, Oregon, and sits on approximately 1.05 acres. Its multi-building layout is designed to operate as a cohesive residential community, with the shared site serving the overall tenant experience across all buildings.
For buyers or operators seeking an income-oriented residential asset, this property offers a straightforward unit mix with in-unit laundry hookups and tangible renovation progress already completed in a portion of the homes. With updates including flooring, finishes, appliances, and fixture improvements, the renovated units may help reduce near-term interior work for incoming tenants while the remaining units provide continuity for a planned approach to further upgrades.
Local 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 | $359.8k | $24.60 |
| − Vacancy | −$18.3k | −$1.25 |
| EGI | $341.4k | $23.35 |
| − OpEx | −$153.6k | −$10.51 |
| NOI | $187.8k | $12.84 |
14,624 SF · lease $24.60/SF/yr · vacancy 5.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.68M
$2.35M – $3.13M
NOI $187,772 @ 7.0% cap · market cap 8.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.11M
$3.59M – $4.79M
NOI $287,475 @ 7.0% cap · market cap 12.78%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Portland
- County
- Washington
- State
- Oregon
- Longitude
- -122.5228915
- Latitude
- 45.5029926
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - 18-unit garden-style multifamily with washer/dryer hookups and partial modern unit renovations for updated residential income use.
Where is this apartment building located?
The property is located at 2630 Southeast 136th Avenue Portland, OR.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: 18‑unit garden‑style multifamily built in 1972 across five buildings on about 1.05 acres; Approximately 50% of units are renovated with new LVT flooring, countertops, stainless appliances, paint and trim; Renovations also include updated light and plumbing fixtures in the partially renovated units
