Back 8423 Southeast Brooklyn Street
Off Market

8423 Southeast Brooklyn Street

Portland OR 97266

24
24
8
12224 sq.
0.47 ac.
Multi-Family
Last sold for $1,800,000
Troy D Doty P CTroy D Doty P C, last sold this property on 17 July 2026 after 92 days on market.

Overview

8-plex investment opportunity

Turn-key 8-plex investment opportunity in SE Portland, offering the ideal blend of strong current performance, tenant-friendly design, and future upside. 6.55% CAP Rate. Built in 2006, this well-maintained multi-family asset consists of 4 separate buildings with 8 townhouse-style units, a highly desirable layout that consistently attracts long-term tenants. Each spacious unit features 3 bedrooms, 2.5 bathrooms, 1,528 square feet, plus an attached garage, a premium feature that supports stronger rents and tenant retention. Designed for today’s rental demand, the floor plan is optimized for dual roommate or multigenerational living, with a private bedroom and full bath on the garage level offering both interior and exterior access, ideal for privacy, guest space, or shared living arrangements. The main living spaces are bright and functional, and every unit includes a spacious low-maintenance composite deck, giving tenants valuable outdoor living space without added upkeep concerns. The property offers ample parking with 20 off-street spaces in addition to the attached garages, a rare and valuable amenity in this close-in SE Portland location. Each residence also includes its own washer and dryer, further enhancing convenience and long-term tenant appeal. Currently 100% occupied and professionally managed, this is a true stabilized, income-producing asset with immediate cash flow from day one. In addition to its strong occupancy history, there remains clear room for income growth through moderate rent increases, making this an excellent opportunity for both seasoned and first-time multifamily investors seeking yield and appreciation potential. Ideally situated in a high-convenience SE Portland location near major bus lines, shopping, and everyday services, the property checks the boxes for accessibility, lifestyle, and consistent rental demand. A rare opportunity to acquire a modern, low-maintenance multifamily investment with strong unit design, premium amenities.

Features

24 bedrooms
24 bathrooms
8 carspaces
12224 sq. floor area
0.47 ac. lot size
Multi-Family

Estimated Value

We need at least 3 similar 24 bedroom multi families sold in Portland over the last 12 months.

Property history for 8423 Southeast Brooklyn Street

2026
Sold
$1,800,000
17 Jul 2026 by Troy D Doty P C, of Northwest Realty Source

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