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Listed by Barry Investment Real Estate
$ 995,000
Est. payment /mo
New
2831 SE ASH ST Portland, OR 97214
4 Beds
2.1 Baths
3,792 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,792 sqft
Price per Sqft $262
Subdivision Kerns
MLS Listing ID 101139047
Bedrooms 4
HOA Y/N No
Year Built 1970
Annual Tax Amount $11,347
Tax Year 2026
Lot Size 4,791 Sqft
Property Description
The Ash Street Apartments is a five-unit apartment community located at 2831 SE Ash Street in Portland's desirable Kerns neighborhood. Originally constructed in 1970, the property offers an attractive combination of spacious two-bedroom residences, significant capital improvements and convenient access to the amenities of inner Southeast Portland. Situated just off the SE 28th Avenue commercial corridor, the property benefits from an established residential setting within convenient walking and biking distance of popular restaurants, cafés, shopping and entertainment. Nearby destinations include Whole Foods Market, Laurelhurst Theater, Laurelhurst Park and numerous neighborhood establishments.The property features four two-bedroom, one-bathroom apartments of approximately 730 square feet and one larger, two-level townhouse-style residence with two bedrooms, 1.5 bathrooms and approximately 1,050 square feet. Interiors feature wood flooring and tile finishes in kitchens and bathrooms, while the townhouse residence includes a private entrance and outdoor garden area. The property's all-two-bedroom configuration distinguishes it from many smaller apartment offerings, particularly as much of the surrounding area's newer apartment construction has emphasized studio and one-bedroom floor plans. Five off-street parking spaces, private storage and shared laundry facilities provide additional resident convenience.Current ownership has invested substantially in the property since acquiring it in 2008. Improvements include a PVC membrane roof, vinyl windows, fiber cement siding, water supply upgrades, foundation anchoring and interior renovations over time. Current scheduled rents provide established in-place income with additional opportunity for future growth. Ownership has historically maintained modest rental increases and does not currently utilize a utility reimbursement program, providing future ownership opportunities to enhance operating income.
Location
State OR
County Multnomah
Community Laundry
Area _143
Zoning R2.5
Interior
Heating Baseboard
Exterior
Community Features Laundry
Roof Type Membrane
Garage No
Building
Lot Description Level
Story 2
Sewer Public Sewer
Water Public Water
Level or Stories 2
Schools
Elementary Schools Sunnyside Env
Middle Schools Sunnyside Env
High Schools Franklin
Others
Acceptable Financing CallListingAgent, Cash, Conventional
Listing Terms CallListingAgent, Cash, Conventional
