8423 SE Brooklyn ST, Portland, OR 97266
- $1,800,000
- 12,224
- SqFt
- Sold Price
- $1,800,000
- List Price
- $1,950,000
- Closing Date
- Jul 17, 2026
- Days on Market
- 92
- MLS#
- 534869674
- Property Type
- Multifamily
- Sqft. of Residence
- 12,224
- Lot Size
- 20, 000 SqFt to .99 Acres
- Region
- Portland Southeast
- Status
- SOLD
Property Description
Turn-key 8-plex investment opportunity in SE Portland, offering the ideal blend of strong current performance, tenant-friendly design, and future upside. 6.55% CAP Rate. Built in 2006, this well-maintained multi-family asset consists of 4 separate buildings with 8 townhouse-style units, a highly desirable layout that consistently attracts long-term tenants. Each spacious unit features 3 bedrooms, 2.5 bathrooms, 1,528 square feet, plus an attached garage, a premium feature that supports stronger rents and tenant retention. Designed for today’s rental demand, the floor plan is optimized for dual roommate or multigenerational living, with a private bedroom and full bath on the garage level offering both interior and exterior access, ideal for privacy, guest space, or shared living arrangements. The main living spaces are bright and functional, and every unit includes a spacious low-maintenance composite deck, giving tenants valuable outdoor living space without added upkeep concerns. The property offers ample parking with 20 off-street spaces in addition to the attached garages, a rare and valuable amenity in this close-in SE Portland location. Each residence also includes its own washer and dryer, further enhancing convenience and long-term tenant appeal. Currently 100% occupied and professionally managed, this is a true stabilized, income-producing asset with immediate cash flow from day one. In addition to its strong occupancy history, there remains clear room for income growth through moderate rent increases, making this an excellent opportunity for both seasoned and first-time multifamily investors seeking yield and appreciation potential. Ideally situated in a high-convenience SE Portland location near major bus lines, shopping, and everyday services, the property checks the boxes for accessibility, lifestyle, and consistent rental demand. A rare opportunity to acquire a modern, low-maintenance multifamily investment with strong unit design, premium amenities.
Additional Information
- Tax Amount
- $32,727
- Year Built
- 2006
- High School
- Leodis McDaniel
- Elementary School
- Clark
- Middle School
- Harrison Park
- Garage Spaces
- 8
- Acres
- 0.47
- Living Area
- 12,224
- Stories
- 2
- Subdivision
- POWELLHURST - GILBERT
- Terms
- Cash, Conventional
- Cooling Description
- None
- Fuel Description
- Electricity
- Heating Description
- Wall Heater
- Hoa Rent Includes
- Maintenance Grounds
- Hot Water Description
- Electricity
- Exterior Description
- Cement Siding, Lap Siding
- Roof Type
- Composition
- Sewer Description
- Public Sewer
- Parking
- Off Street
- Parking Description
- Off Street
- Road Surface
- Paved
- Number Of Units Total
- 8
- Unit Type One Baths Total
- 3
- Unit Type One Beds Total
- 3
- Unit Type One Rent
- 2049
- Unit Type One Sq Ft
- 1528
- Unit Type One Units Total
- 1
- Unit Type Two Baths Total
- 3
- Unit Type Two Beds Total
- 3
- Unit Type Two Units Total
- 1
- Unit Type Three Baths Total
- 3
- Unit Type Three Beds Total
- 3
- Unit Type Three Rent
- 1999
- Unit Type Three Sq Ft
- 1528
- Unit Type Three Units Total
- 1
- Unit Type Four Baths Total
- 3
- Unit Type Four Beds Total
- 3
- Unit Type Four Rent
- 1999
- Unit Type Four Sq Ft
- 1528
- Unit Type Four Units Total
- 1
- Unit Type Five Rent
- 1999
- Unit Type Five Sq Ft
- 1528
- Unit Type Five Units Total
- 1
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Listing courtesy of Northwest Realty Source. Selling Office: Capitol Real Estate.
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