Jasmine Terrace
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Residential Units: 14
Number of Buildings: 3
Year Built: 1981
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List Price: $2,250,000
Price per Unit: $160,700
Price per SF: $214
5.7% Cap Rate
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FOR SALE
Accepting Offers
Lead Advisor:
13410 SE Powell Boulevard | Portland, OR
Exciting New 14-Unit Multifamily Investment Opportunity in Portland, OR!
Jasmine Terrace, a well-maintained 14-unit multifamily property in Portland, Oregon. With an average unit size of 750 SF and a net rentable area of 10,495 SF, this investment offers a diverse mix of one, two, and three-bedroom units, achieving average rents of $1,302/month.
Recent lease trade-outs reflect a 5.5% increase, with the highest achieved rents of $1,374, showcasing the property’s strong rent growth potential. Built in 1981 with copper plumbing and updated vinyl windows, Jasmine Terrace features ample off-street parking and garages, along with in-unit washer/dryer hookups, private decks, and dishwashers.
To learn more about this exceptional investment below!
