Fourteenth Avenue Apartments 1804 NE 14th Ave Immeuble residentiel 7 lots 1 185 373 € (169 339 €/Lot) Taux de capitalisation 5,42 % Portland, OR 97212

The Rhoades Group of Marcus & Millichap is pleased to present 1804 NE 14th Avenue, a charming seven-unit asset in Portland’s Irvington neighborhood. The property has undergone extensive renovation in recent years, offering a truly turnkey ownership path in a premier Portland location. Renovations include substantial unit interior remodels, water meter upgrade, sprinkler system installation and full permitting of unit that had been added to garden level, fresh exterior paint and more.
1804 NE 14th Avenue is located in close-in NE Portland, in the historic Irvington neighborhood. Irvington represents a premium investment location in the apartment and commercial real estate market, commanding higher rental rates and property values thanks to its walkable streets, architectural charm, and proximity to downtown—ensuring stable occupancy and appreciation potential. It is characterized by smaller multifamily properties and well-preserved homes in a wide variety of architectural styles from Tudors to Victorians, including several on the National Historic Register, providing a true pride-of-ownership environment. The area’s thriving commercial corridors along NE Broadway and 15th Avenue (each just one block from the property) create excellent investment conditions where local businesses consistently flourish due to the affluent demographic and strong community support, in turn providing lifestyle amenities for the area residents.
Beyond Irvington, the broader Portland market is strategically positioned for significant upside as the city rebounds from recent challenges, with commercial and multifamily properties currently available at attractive price points before values increase with the anticipated economic resurgence.