Townhouse-Style Multifamily
8370 Southeast Brooklyn Street Portland, OR 97266
For Sale
Contact for pricing
Nine two-story townhome units offer private back patios, fenced yards, and in-unit washer/dryer hookups upstairs.
Property Size8,064 SF
Price / SF$189.73
Days on Market93
Property Features for 8370 Southeast Brooklyn Street
General Information
- Standard status
- Active
- Size
- 8,064 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 2005
Listing Agency:
Marcus & Millichap - Portland
(503) 200-2000
Listed By:
Whitney Rhoades · License #201204200
Source:
Crexi
Added: Apr 22
Changed: Jul 20
Last Checked: Jul 23 at 11:48AM
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.
Brooklyn St. Townhomes is a nine-unit apartment property built in 2005, made up entirely of two-story townhouse-style residences. Each unit is a consistent 2 bed/1 bath layout with washer/dryer hookups located upstairs, under-stairs storage, and private outdoor space including back patios and fenced backyards. Interior improvements include partial updates, with approximately half of the units featuring LVP flooring on the main level and carpet upstairs.
The property includes 11 off-street parking spaces and a newly constructed stainless steel garbage storage enclosure. A flag lot configuration provides separation from street frontage. With a uniform unit mix and townhouse-style arrangement, the building is designed for straightforward leasing and maintenance.
Located in the Powellhurst-Gilbert neighborhood, the property offers access to transportation and nearby retail, including Powell Street Station and Fubonn Shopping Center. It is less than one mile from the I-205 freeway and has an 88 Walk Score and 94 Bike Score, supporting strong accessibility by foot and bicycle.
The property includes 11 off-street parking spaces and a newly constructed stainless steel garbage storage enclosure. A flag lot configuration provides separation from street frontage. With a uniform unit mix and townhouse-style arrangement, the building is designed for straightforward leasing and maintenance.
Located in the Powellhurst-Gilbert neighborhood, the property offers access to transportation and nearby retail, including Powell Street Station and Fubonn Shopping Center. It is less than one mile from the I-205 freeway and has an 88 Walk Score and 94 Bike Score, supporting strong accessibility by foot and bicycle.
Key Highlights
- Nine‑unit apartment property built in 2005 with all two‑story townhouse‑style units
- Each unit is approximately 900 SF with a 2 bed/1 bath layout and upstairs washer/dryer hookups
- Private back patios plus fenced backyards for each residence
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 | $198.4k | $24.60 |
| − Vacancy | −$10.1k | −$1.25 |
| EGI | $188.3k | $23.35 |
| − OpEx | −$84.7k | −$10.51 |
| NOI | $103.5k | $12.84 |
8,064 SF · lease $24.60/SF/yr · vacancy 5.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.48M
$1.29M – $1.73M
NOI $103,542 @ 7.0% cap · market cap 6.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.26M
$1.98M – $2.64M
NOI $158,520 @ 7.0% cap · market cap 10.36%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Nine two-story townhome units offer private back patios, fenced yards, and in-unit washer/dryer hookups upstairs.
Where is this apartment building located?
The property is located at 8370 Southeast Brooklyn Street Portland, OR.
What is the asking price?
The asking price for this property is $1,530,000.
What are key features of this property?
This property features: Nine‑unit apartment property built in 2005 with all two‑story townhouse‑style units; Each unit is approximately 900 SF with a 2 bed/1 bath layout and upstairs washer/dryer hookups; Private back patios plus fenced backyards for each residence
