638 26th Ave Portland, OR 97214-3352

Property Details for 638 26th Ave

Year built

1968

Construction

FRAME

Lot size

0.18 lot acres

Property size

3,400 SF

Zone code

R5

Property type

Apartment buildings

APN

1S1E01BB 02200

APU

1S1E01BB02200

Description

This exceptional, architecturally designed, dog-friendly apartment building presents a compelling investment opportunity in Portland's desirable Buckman neighborhood. The property, situated on a private, secure 7,500 square foot lot, comprises a two-story building totaling 3,050 square feet. Built in 1968 and thoughtfully renovated in 2011, this five-unit apartment building boasts an 80% occupancy rate. The eco-friendly design incorporates sustainable features, appealing to environmentally conscious renters. Each of the five unique units caters to the needs of city dwellers, particularly those with pets. A key feature is the expansive outdoor communal space, complete with ample yard area, comfortable outdoor seating, and a fire pit, fostering a welcoming environment for both residents and their canine companions. The property is zoned R5 and offers significant potential for future growth and appreciation. The asking price is $1,295,000, translating to $2.73 per square foot. This represents a strong value proposition in a highly sought-after Portland location. The building's secure and private nature, combined with its desirable amenities and location, ensures consistent rental income and strong tenant retention. This is a rare opportunity to acquire a well-maintained, income-producing property in a thriving Portland neighborhood.