NE 6th Ave Apartments
4016-4024 NE 6th Ave., Portland, OR 97212
11 units in NE Portland, Oregon
$1,639,000
The unit mix includes a combination of studios, one-bedroom, and larger two- and three-bedroom units, offering broad tenant appeal.
As of April 2026, the property generates $15,405/month in rental income, with additional upside potential through operational efficiencies and organic rent growth.
The NE 6th Ave Apartments is an 11-unit multifamily asset located in Portland’s desirable close-in Northeast submarket. Originally constructed in 1910, the property features classic early-20th century architecture with strong in-place income and attractive going-in fundamentals.
Property Highlights
Strong in-place rents
Location near amenities
Strong unit mix
Unique period charm
Large unfinished spaces (attic/basement)
Serene outdoor space with community garden
Location Overview
The property is ideally positioned along NE 6th Avenue in Portland’s close-in Northeast - one of the city’s most sought-after urban neighborhoods, known for its walkability, connectivity, and strong rental demand.
The surrounding area offers immediate access to a wide range of neighborhood amenities, including popular restaurants, retail corridors, and public transportation options. The location provides convenient proximity to downtown Portland, major employment centers, and key lifestyle destinations, making it highly attractive to a diverse tenant base.
Close-in Northeast Portland continues to demonstrate long-term investment stability, supported by its established housing stock, consistent demand drivers, and limited new supply. The NE 6th Ave Apartments have historically operated with low vacancy and strong leasing demand, further reinforcing the strength of the location.
The asset includes a large unfinished basement and attic, providing potential for future revenue-generating improvements such as storage or bike parking, or other creative ideas (buyer to verify feasibility).
Situated on a 0.23-acre lot, the property benefits from a unique, community-oriented setting with open space and garden areas - an uncommon feature for close-in Northeast Portland assets.
The NE 6th Ave Apartments present investors with a stable, in-place income-producing opportunity at an attractive basis in one of Portland’s most desirable rental locations.
