Listing provided courtesy of Northwest Realty SourceMLS# 534869674MLS ProviderContact Information: [email protected]
  • 75 days on site
  • 4 views

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.

Source: Regional MLS, MLS#: 534869674

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  • Property Type
    Residential Income
  • Lot
    0.47 acres

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DAWN BARRY-GRIFFIN

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  • Median Age
    37
  • Population Density
    6,074
  • College Educated
    34%
  • Estimated Median Income
    $59,062
  • Estimated Total Home Owners
    7,421
  • Estimated Total Renters
    6,018
  • Owner / Renter Divide
    55% / 45%
  • Estimated Average Household Size
    3
  • Total Population
    36,818
  • Community data courtesy of LiveBy, Inc.

Owning this Home

$
$ %
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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

Life at 8423 SE Brooklyn ST


Schools


School data courtesy of LiveBy, Inc.
Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating. The schools displayed on this website are for informational purposes only and may not represent a complete or up-to-date list. School assignments are subject to change and should be verified directly with the local school district. Please contact the appropriate school district to confirm school zoning and enrollment eligibility for this property.

History

Date Event Value Agent
5/6/2026Source: Regional MLS Status Change
Pending
4/16/2026Source: Regional MLS Added to Database
April 16, 2026