Detail Img

Description

Introducing 16804 SE Division Street, a mixed-use property featuring 14 multifamily units and one fully occupied retail unit. The property comprises two buildings with spacious studios and twobedroom townhomes. The retail unit is home to the Division Street Mini Mart, a convenience store that is right at residents’ fingertips. The property offers desirable amenities including fully equipped kitchens with built-in microwaves, hardwood-style flooring, in-unit washers and dryers, decks or patios, and off-street parking. 16804 SE Division Street is conveniently located in Portland’s Centennial neighborhood with easy access to major thoroughfares Division, Powell, and Stark Streets and a Portland TriMet bus stop right outside their door. The property is minutes away from multiple shopping centers, with lifestyle essentials like Fred Meyer grocery just five minutes away, and straddles the border between Portland and Gresham, close to desirable urban amenities in both cities.

Listing Details

  • Cap Rate

    6.56%

  • Space Type

    Multifamily

  • Sub Category

    Apartments Building

  • Sale Type

    Investment Sale

  • Date Listed

    5/13/2025

  • Parking Info

    1.28/1,000 SF

Property Specifics

  • Property Name

    Division Street Mixed-Use | 16804-16918 SE Division St

  • Property Class

    C

  • No of Stories

    2

  • No of Units

    14

  • Year Built

    2003

  • Building Size

    11,700 SF

  • Lot Size

    0.48 Ac

  • APN

    R338278

  • Zoning

    CM

Property Amenities

Unit Amenities

24 Hour Access
Air Conditioning
Central Heating
Dishwasher
Hardwood Floors
Kitchen
Microwave
Onsite Parking
Refrigerator
Washer/Dryer or Laundry Services

Site Amenities

Dining Area
Restrooms
Storage Facilities

Location Amenities

Airport
Commuter Rail
Metro/Subway
Public Transportation