Barbur Place

8924 SW 30th Avenue, Portland, Oregon 97219

$3,725,000

Status:
Available
County:
Multnomah
Units:
24
Year Built:
1969
Unit Price:
$155,208
Land Size:
0.63 Acres
Building Size:
16,000 sq. ft.
Price per SF:
$233
CAP Rate:
5.20%
Unit Mix:

Twenty-four (24) units consisting of sixteen (16) one-bed 1-bath and eight (8) two-bed 1-bath units. 

Floors:
2
Open Parking:
Reserved
Laundry Room:
Yes
Roof Type:
Composite
Storage:
24 for rent
Patio Deck:
Yes
Property Photo

Barbur Place is a fully-occupied, exceptionally well maintained 24-unit community in Southwest Portland. The asset consists of two adjacent buildings with nicely designed one- and two-bedroom units with private decks or patios. Units without dishwashers have been receiving them on turnover and kitchens have recently been upgraded with granite countertops. Significant capital improvements this past year include a new roof, siding, cabinets, appliances, carpets, and fixtures. Rents currently trail the market, allowing for potential increases and the addition of utility billbacks.   

24
Units
1969
Year Built
16,000
SQ. FT.

Property Location