612 E Burnside St
Portland, OR 97214
Mattsonian Apartments · Immeuble residentiel Propriété À vendre · 10 Unités

Mattsonian Apartments is a boutique mixed-use apartment
property located along East Burnside Street, one of Portland’s most
prominent and highly trafficked urban corridors. The three-story
building consists of 10 efficiently designed studio apartments above
a ground-floor retail space, offering investors a compelling blend
of residential and commercial income in a dense, transit-oriented
location.
Originally constructed in 1913, the property benefits from historic
character and irreplaceable urban positioning, while providing
functional layouts well suited to today’s renter-by-necessity
demographic. The residential units average approximately 500
square feet and appeal to tenants seeking affordable housing
options near employment centers, transit, and downtown
Portland amenities.
The asset features multiple income streams, including stabilized
residential rents, a ground-floor retail tenant (a tea house), and
billboard income with strong visibility along East Burnside Street.
This diversified revenue profile enhances income stability and
reduces reliance on any single source of cash flow. Additionally,
RUBS billing recovers a meaningful portion of utility expenses,
contributing to operational efficiency.
With in-place cash flow and demonstrated rental upside, Mattsonian
Apartments presents an opportunity to acquire a well-located urban
asset supported by durable demand drivers, diversified income
sources, and long-term investment stability.