Investment Overview

The Rhoades Group of Marcus & Millichap is pleased to exclusively offer Huber Terrace, a well-maintained 12-unit apartment community located at 4633 SW Huber Street in Southwest Portland. Built in 1969, the property has benefited from consistent ownership and thoughtful interior upgrades, with most units renovated over the past 15 years. These improvements position Huber Terrace as a stabilized investment with continued rental upside and limited near-term capital requirements. Huber Terrace is situated in a quiet residential pocket of Southwest Portland, offering tenants a suburban feel while remaining close to everyday amenities. The property is minutes from Multnomah Village, which provides convenient access to grocery stores, restaurants, coffee shops, and daily services. The surrounding neighborhood is primarily composed of single-family homes and low-density multifamily properties, supporting long-term rental demand driven by residents seeking privacy, affordability, and proximity to employment centers and schools. The community consists of twelve units with a highly desirable mix: one studio, three one-bedroom units, and eight two-bedroom units. The strong concentration of two-bedroom layouts appeals to roommates, couples, and small families, supporting stable occupancy and reduced turnover. Interior upgrades in most units include luxury vinyl plank flooring, granite countertops, and stainless steel appliances in select units, allowing the property to compete favorably with newer assets in the submarket. Amenities include on-site shared laundry, fifteen off-street parking spaces, and a private rear courtyard with seating and landscaping that creates a quiet, buffered outdoor space. A key investment highlight is assumable in-place financing at a 5.6% interest rate and approximately 60% loan-to-value, offering buyers an opportunity to secure favorable debt while acquiring a well-located, renovated asset with durable cash flow and long-term upside.