1650 Ne Killingsworth Street, Portland, Or 97211, 5470 Ne 16Th Avenue, Portland, Or 97211

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1650 Ne Killingsworth Street, Portland, Or 97211, 5470 Ne 16Th Avenue, Portland, Or 97211

Las Vegas, NV 89110
Asking Price
$1.53M
Asset Type
Multifamily
Class
Class B

What's Special

Located at the corner of NE 16th Avenue and NE Killingsworth Street, this multifamily asset is situated in the heart of Portland’s vibrant Vernon neighborhood. The property benefits from a high Walk Score, positioned within walking distance of the Alberta Arts District’s diverse retail, dining, and gallery offerings. Public transportation is readily accessible via multiple TriMet bus lines, providing direct connections to the central business district and broader metropolitan area. The surrounding area is characterized by a mix of historic residential architecture and modern infill developments. The property is well-suited for long-term residential leasing, catering to a tenant profile that prioritizes urban connectivity and proximity to local employment hubs. The location typically attracts young professionals, healthcare workers, and creative industry employees who value the neighborhood’s walkable infrastructure and established amenity base. Its dual-frontage orientation offers high visibility, making it an ideal candidate for investors seeking a stabilized multifamily hold or specialized workforce housing within a high-demand submarket.

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NOI
$80,000
Cap Rate
5.21%
DSCR
0.88
Underwater
Cash-on-Cash
-2.42%
Monthly Payment
$7,594.342
Annual Cash Flow
$-11,132.11

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