Investment Overview

Marcus & Millichap is pleased to exclusively represent the sale of Francis St. Apartments, a charming 5-unit property built in 1969. This asset features a mix of one- and two-bedroom units and boasts modern conveniences, including on-site laundry and bicycle storage. Francis St. Apartments’ location grants residents immediate access to the significant thoroughfare of SE Powell Blvd, extending from the Ross Island Bridge through East Portland and into the city of Gresham. It serves as a vital connector for various neighborhoods and is officially designated as part of U.S. Route 26. With a Bike Score of 95 and a Walk Score of 87, tenants can easily explore nearby parks, restaurants, schools, and local retail options in addition to easy access to employment opportunities. With rents currently under market, the property presents a strong investment opportunity for nimble investors who can realize value growth through strategic rent adjustments and utility optimization. Backed by strong market indicators, including an average 1-mile household income of $106,082 and a 3-mile population of 209,217, Francis St. Apartments is well-positioned for long-term stability and strong returns in the competitive Portland market.