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Alex & Sierra Rosenbaum

alex@alexrosenbaum.com +1(415) 318-0001

Listed by Barry Investment Real Estate

$ 995,000

Est. payment | -/mo

4 Beds

2.1 Baths

3,792 SqFt

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$ 995,000

Est. payment | -/mo

Save

4 Beds

2.1 Baths

3,792 SqFt

Key Details

Property Type Multi-Family

Listing Status Pending

Purchase Type For Sale

Square Footage 3,792 sqft

Price per Sqft $262

Subdivision Kerns

MLS Listing ID 101139047

Bedrooms 4

HOA Y/N No

Year Built 1970

Annual Tax Amount $11,347

Tax Year 2026

Lot Size 4,791 Sqft

Property Description

The Ash Street Apartments is a five-unit apartment community located at 2831 SE Ash Street in Portland's desirable Kerns neighborhood. Originally constructed in 1970, the property offers an attractive combination of spacious two-bedroom residences, significant capital improvements and convenient access to the amenities of inner Southeast Portland. Situated just off the SE 28th Avenue commercial corridor, the property benefits from an established residential setting within convenient walking and biking distance of popular restaurants, cafés, shopping and entertainment. Nearby destinations include Whole Foods Market, Laurelhurst Theater, Laurelhurst Park and numerous neighborhood establishments.The property features four two-bedroom, one-bathroom apartments of approximately 730 square feet and one larger, two-level townhouse-style residence with two bedrooms, 1.5 bathrooms and approximately 1,050 square feet. Interiors feature wood flooring and tile finishes in kitchens and bathrooms, while the townhouse residence includes a private entrance and outdoor garden area. The property's all-two-bedroom configuration distinguishes it from many smaller apartment offerings, particularly as much of the surrounding area's newer apartment construction has emphasized studio and one-bedroom floor plans. Five off-street parking spaces, private storage and shared laundry facilities provide additional resident convenience.Current ownership has invested substantially in the property since acquiring it in 2008. Improvements include a PVC membrane roof, vinyl windows, fiber cement siding, water supply upgrades, foundation anchoring and interior renovations over time. Current scheduled rents provide established in-place income with additional opportunity for future growth. Ownership has historically maintained modest rental increases and does not currently utilize a utility reimbursement program, providing future ownership opportunities to enhance operating income.

Location

State OR

County Multnomah

Community Laundry

Area _143

Zoning R2.5

Interior

Heating Baseboard

Exterior

Community Features Laundry

Roof Type Membrane

Garage No

Building

Lot Description Level

Story 2

Sewer Public Sewer

Water Public Water

Level or Stories 2

Schools

Elementary Schools Sunnyside Env

Middle Schools Sunnyside Env

High Schools Franklin

Others

Acceptable Financing CallListingAgent, Cash, Conventional

Listing Terms CallListingAgent, Cash, Conventional

Regional Multiple Listing Service (RMLS)

Nearby Locations

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Alex & Sierra Rosenbaum

REALTORS® Lic# 201233003 | Lic# 20124996

alex@alexrosenbaum.com

+1(415) 318-0001

590 Pearl St, # 109, Eugene, OR 97401

2831 SE ASH ST Portland, OR 97214

Alex & Sierra Rosenbaum

Key Details

Location

Interior

Exterior

Building

Schools

Others

Nearby Locations

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2831 SE ASH ST