SE 119th Apartments
3548 SE 119th Ave, Portland, OR 97266
11 units in Portland, OR
$1,540,000
The community consists entirely of spacious two-bedroom, one-bath townhome-style apartment homes averaging approximately 897 square feet. Each unit features functional two-story floorplans, washer & dryer hookups, private patio areas, and ample off-street parking. The larger floorplans and townhome design continue to appeal to residents seeking additional space and a more residential living environment.
The SE 119th Apartments is an 11-unit multifamily community located at 3548 SE 119th Avenue in Portland's Powellhurst-Gilbert neighborhood. Constructed in 2003, the property is substantially newer than much of the apartment inventory throughout the East Portland market, offering investors a more modern asset with an attractive townhome-style floor plans.
Property Highlights
Built in 2003, substantially newer than much of the East Portland apartment inventory.
Spacious townhome-style floorplans averaging approximately 897 square feet.
Desirable 100% two-bedroom unit mix.
Washer & dryer hookups in every apartment.
Private patio for each residence.
Utility bill-back program in place.
Significant off-street parking.
Opportunity to continue interior upgrades as units turn over.
Attractive rental upside through continued market rent growth.
Convenient Southeast Portland location with easy access to I-205, shopping, parks, and public transportation.
Location Overview
The SE 119th Apartments is conveniently located in Portland's Powellhurst-Gilbert neighborhood, providing residents with easy access to SE Division Street, SE Powell Boulevard, and Interstate 205. The property's central Southeast Portland location offers convenient connectivity to major employment centers throughout the Portland metropolitan area while remaining close to a wide variety of everyday amenities.
Residents enjoy proximity to grocery stores, restaurants, neighborhood services, and retail destinations, including Mall 205, as well as outdoor recreation at Ventura Park and Powell Butte Nature Park. Adventist Health Portland Medical Center is located just minutes away, and several TriMet bus routes provide convenient public transportation throughout the region.
The surrounding neighborhood offers an appealing combination of accessibility, established residential character, and affordability, making it a desirable location for residents seeking larger apartment homes with convenient access to employment, shopping, and recreation throughout the Portland metro area.
Current ownership has completed ongoing maintenance and improvements throughout their ownership, including replacing the roof on one of the two buildings in early 2025. Unit interiors have also been updated as apartments have turned over.
SE 119th Apartments presents investors with the opportunity to acquire a newer vintage apartment community featuring desirable floorplans, stable occupancy, and continued rental upside within one of Portland's more affordable workforce housing submarkets.
