8218 SE Washington St
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8218 SE Washington St
3 Unit Apartment Building $1,026,514 CAD ($342,171 CAD/Unit) Portland, OR 97216
Executive Summary
Introducing the triplex at 8218 SE Washington Street, a three-unit property in the Montavilla neighborhood of Portland, OR. Built in 1997, this investment includes one 3-bedroom and two 2-bedroom units, each with two baths and an attached garage. Recent updates to two of the units include new carpet, paint, and appliances, enhancing the property’s appeal for long-term tenants.
Montavilla offers a “small-town” feel within the city. The area is known for its unique mix of shops, restaurants, cafes, and a weekly farmers market, offering tenants a community-oriented lifestyle close to essentials. Residents also benefit from only a short drive to Mt. Tabor Park, a nearby power center with Target and Home Depot, and Gateway Shopping Center with options like WinCo and Fred Meyer in the immediate vicinity. The triplex is also near I-205 and well-served by bus lines, making commuting convenient.
With updated units, proximity to local amenities, and a lively neighborhood, this property represents a strong investment opportunity in Portland’s Montavilla neighborhood.
Montavilla offers a “small-town” feel within the city. The area is known for its unique mix of shops, restaurants, cafes, and a weekly farmers market, offering tenants a community-oriented lifestyle close to essentials. Residents also benefit from only a short drive to Mt. Tabor Park, a nearby power center with Target and Home Depot, and Gateway Shopping Center with options like WinCo and Fred Meyer in the immediate vicinity. The triplex is also near I-205 and well-served by bus lines, making commuting convenient.
With updated units, proximity to local amenities, and a lively neighborhood, this property represents a strong investment opportunity in Portland’s Montavilla neighborhood.
Property Facts
| Price | $1,026,514 CAD | Apartment Style | Low Rise |
| Price Per Unit | $342,171 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.12 AC |
| Gross Rent Multiplier | 13.02 | Building Size | 2,724 SF |
| No. Units | 3 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1997 |
| Property Subtype | Apartment | Parking Ratio | 1.1/1,000 SF |
| Price | $1,026,514 CAD |
| Price Per Unit | $342,171 CAD |
| Sale Type | Investment |
| Gross Rent Multiplier | 13.02 |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | B |
| Lot Size | 0.12 AC |
| Building Size | 2,724 SF |
| No. Stories | 2 |
| Year Built | 1997 |
| Parking Ratio | 1.1/1,000 SF |
Unit Amenities
- Air Conditioning
- Washer/Dryer Hookup
- Wheelchair Accessible (Rooms)
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 2 | - | 864 |
| 3+2 | 1 | - | 996 |
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Walk Score ®
Very Walkable (87)
Bike Score ®
Biker's Paradise (96)
zoning
| Zoning Code | CG |
| CG |
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Yuriy Chubok -
Jack Stephens -
HFO Investment Real Estate, LLC
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8218 SE Washington St
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