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Lauralane Apartments

6512 SE Division Street, Portland, Oregon 97206

$1,800,000

Status:
In Contract
County:
Multnomah
Units:
12
Year Built:
1974
Unit Price:
$150,000
Land Size:
0.28 Acres
Building Size:
8,784 sq. ft.
Price per SF:
$205
CAP Rate:
6.22%
Unit Mix:

Twelve (12) units consisting of eight (8) 1-bedroom and four (4) 2-bedroom apartments.

Floors:
2
Open Parking:
Yes
Laundry Room:
Yes
Siding:
Brick / Wood
Roof Type:
Composite
Heat Type:
Electric
Storage:
Yes
Property Photo

Lauralane Apartments is located along Division Street with easy access to Portland Community College's SE College Campus and Warner Pacific University. The asset is within walking distance of 191-acre Mt. Tabor Park, offering green space, walking trails, and picnic areas. Lauralane is a classic, two-story, 1970's garden court apartment community with a highly visible location. The asset has been well maintained with updated roofs and newer windows. The property has open stairways, a brick facade, and large floor plans. All apartments have private entrances. The community has ample on-site parking, on-site laundry, and plenty of basement storage. 

12
Units
1974
Year Built
8,784
SQ. FT.

Property Location