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About the Listing BIRE01 - PBARRY
Powell Heights & Powell Place Apartments are a 29-unit, fully stabilized multifamily investment comprised of two adjacent properties in a highly desirable Southeast Portland neighborhood. The portfolio includes Powell Heights (21 units)and Powell Place (8 units), together offering a rare opportunity to acquire scale with operational efficiency in a low-density setting.Situated on nearly one acre and sharing a common parking lot, the properties benefit from strong tenant appeal, efficient management, and a serene residential environment. The portfolio features a diverse mix of studio, one-bedroom, and two-bedroom apartments, supporting consistent demand and strong rental performance.Powell Heights, representing 72% of the units, is brand-new construction (2025), while Powell Place, a 1973 vintage asset, has been fully renovated and has demonstrated a proven track record of achieving top-of-market rents. Together, the assets deliver a compelling blend of modern new-construction product and a renovated, lower-density vintage community - the combination of both provides the ability to offer parking, storage, and larger unit sizes - a truly unique offering for new construction - creating a best-in-class living experience that is truly unique in the neighborhood.Potential Loan Assumption opportunity.
Listing Highlights
Status
Active
Days on Site
5
Property Type
Multi-Family
MLS ®
759785667
Year Built
2025
Total Square Footage
17,350
Lot/Acreage
0.79
County
Multnomah
Elementary School
Earl Boyles
Middle School
Harrison Park
High School
Leodis McDaniel
Interior Details
- Bedrooms: 25
- Bathrooms: 29 Full
- Appliances:
- Air Cond: MiniSplit
- Heating: Mini Split
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public Water
Exterior Details
- Lot Description: Level
- Garage Capacity: N/A
- Zoning: R1
- Roof: Composition,Flat
- Others: New Construction
- Sewer: Public Sewer
- Parking Features: Assigned,Off Street
Financial Details
- Tax Amount: $51,273
- Taxes w/Assessments: N/A
- Tax/Property ID: R244995
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Years
% Down Payment
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Questions About..
3320 SE 90th Pl Portland, OR 97266
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