1626 Southeast Ash Street

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1626 Southeast Ash Street

Portland, OR 97214
Asking Price
$2.85M
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Multifamily apartment building located at 1626 Southeast Ash Street
  • Total of 10 residential units currently at full occupancy
  • Recent capital improvements include new roof and exterior paint
  • Updated staircases and select interior unit renovations completed
  • Positioned within the active Inner Southeast Portland submarket
  • Offered for sale at an asking price of $2,850,000

What's Special

This 10-unit multifamily apartment building sits in the Inner Southeast district of Portland, Oregon. The property maintains 100% occupancy and has undergone recent capital improvements, including a newer roof, exterior paint, and newly installed staircases. Select units also feature interior upgrades, enhancing the overall value proposition for prospective investors. Located in the 97214 zip code, the building benefits from its proximity to the diverse cultural and economic activity of inner Portland. The asset is well-positioned for an investor seeking a stabilized residential income stream within a dense urban submarket. Given the configuration and location, this building remains a viable candidate for long-term hold strategies aimed at residential rental demand in the Portland metro area.

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NOI
$80,000
Cap Rate
2.81%
DSCR
0.47
Underwater
Cash-on-Cash
-10.43%
Monthly Payment
$14,100.245
Annual Cash Flow
$-89,202.94

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