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4147-4153 SE 37th Ave
Portland, OR 97202
City Link Apartments · Multifamily Property For Sale
·
14 Units
EXECUTIVE SUMMARY
Introducing City Link Apartments, a 14-unit multifamily asset in Southeast Portland’s popular Creston-Kenilworth neighborhood. The property includes a variety of spacious two- and three-bedroom units in a low-density, tree-lined layout. Several (including all three bedrooms) now have mini-split heating and cooling systems, and some have new laundry closets and full-sized side-by-side washers and dryers. Recent interior renovations include new kitchen cabinets, stainless steel appliances, solid slab countertops, tile backsplashes, bathroom vanities, and updated fixtures.
The property, located just off SE Powell Blvd and minutes from the MAX Orange Line, provides excellent regional connectivity as well as convenient access to groceries, dining, parks, the PCC Southeast Campus, and Reed College. The surrounding submarket continues to experience stable rental demand, thanks to its central location, expanding retail corridors, and limited new supply. With in-place income, recent capital improvements, and clear value-add potential, City Link Apartments offers a compelling opportunity for long-term growth and consistent cash flow in one of Portland’s most resilient rental markets.
The property, located just off SE Powell Blvd and minutes from the MAX Orange Line, provides excellent regional connectivity as well as convenient access to groceries, dining, parks, the PCC Southeast Campus, and Reed College. The surrounding submarket continues to experience stable rental demand, thanks to its central location, expanding retail corridors, and limited new supply. With in-place income, recent capital improvements, and clear value-add potential, City Link Apartments offers a compelling opportunity for long-term growth and consistent cash flow in one of Portland’s most resilient rental markets.
PROPERTY FACTS
| Price Per Unit | $309,800 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.83 AC |
| Cap Rate | 5.78% | Building Size | 13,474 SF |
| No. Units | 14 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1972 |
| Apartment Style | Garden | Parking Ratio | 2.02/1,000 SF |
| Zoning | R2, Portland | ||
| Price Per Unit | $309,800 CAD |
| Sale Type | Investment |
| Cap Rate | 5.78% |
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.83 AC |
| Building Size | 13,474 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1972 |
| Parking Ratio | 2.02/1,000 SF |
| Zoning | R2, Portland |
AMENITIES
UNIT AMENITIES
- Dishwasher
- Microwave
- Kitchen
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Walk-In Closets
- Carpet
- Freezer
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Online Services
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 10 | - | 815 - 910 |
| 3+1 | 4 | - | 1,036 |
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