
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