Investment Overview

The Rhoades Group of Marcus & Millichap is pleased to exclusively represent the sale of Murray Manor, a charming 33-unit property built in 1920, located in the highly desirable Sunnyside/Belmont neighborhood of Southeast Portland. This exceptional asset features a diverse mix of studio, one, two, and three-bedroom units, appealing to a broad range of tenant needs and enhancing leasing opportunities. The property boasts modern conveniences, including huge bike storage, coin-operated laundry facility, and storage units for each resident. Murray Manor’s prime location grants residents’ immediate access to one of Portland’s most vibrant communities, renowned for its thriving mix of dining, shopping, and recreation. With a Walk Score of 91 and a Bike Score of 88, tenants can easily explore nearby parks, top-rated restaurants, schools, and local retail options. The area’s lively atmosphere and unparalleled convenience make it an ideal setting for attracting a diverse and engaged tenant base. Murray Manor presents a compelling opportunity with a 15% upside potential for nimble investors who can realize value growth through strategic rent adjustments, utility optimization, and operational improvements. The property’s low-maintenance exterior, updated electrical systems, and new water heaters contribute to efficient management and reduced costs. Backed by strong market indicators, including an average 5-mile household income of $112,738 and a population of 501,449, Murray Manor is well-positioned for long-term stability and strong returns in the competitive Portland rental market.