14937 SE Stark St presents an opportunity to acquire a well-located 16-unit apartment community in Portland’s Mid-County submarket on nearly three quarters of an acre. Across four buildings, 12 of the 16 units were built between 2001 and 2005, with one fourplex built in 1966. The unit mix is highly attractive with the majority being 2-bed / 1.5-bath townhouse-style layouts that provide strong livability and long-term tenant appeal.The asset benefits from solid construction, functional layouts, and a quiet setting set back from Stark Street. 12 units feature in-unit laundry, and the property offers plenty of off-street parking. The newer buildings in particular reflect durable construction and systems that limit near-term capital needs, while the overall site design creates a low-density, residential feel. Currently fully leased, the property offers clear upside through operational improvements and light rent increases. With strong fundamentals, desirable townhouse-style units, and meaningful room for income growth, 14937 SE Stark St represents a stable, income-producing asset with a straightforward path to enhanced returns in a solid East Portland location.
Multi-familyProperty Type
2005Year Built
0.73 acresLot Size
16 spacesParking
Listed by Jude Soldati• SMI Commercial Real Estate LLC
Bought with Nasser Farhoud• Pinnacle Real Estate Service LLC
As the MLS and public records start to fill up, we'll list the details here.
Public record
Public record
Zoning
Permits
Beds
—
Baths
—
Stories
—
Lot width
—
Lot depth
—
Lot size
—
Year renovated
—
Sq. Ft.
—
Year built
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Style
Multi-Family (5+ Unit)
County
Multnomah County
APN
R109805
Parking Spaces
—
Basement
—
Accessible
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HOA Dues
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Garage
—
Features
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Last updated by owner on Jun 12, 2024.
RM3
D
Residential Multi-Dwelling 3 Zone
The RM3 zone is a medium to high density multi-dwelling zone applied near the Central City, and in centers, station areas, and along civic corridors that are served by frequent transit and are close to commercial services. It is intended for compact, urban development with a high percentage of building coverage and a strong building orientation to the pedestrian environment of streets. This zone is intended for areas where the established residential character includes landscaped front setbacks. Allowed housing is characterized by mid-rise buildings up to six stories tall. The Design overlay zone is applied to this zone.
Zone overlays
Design Overlay Zone
Permitted uses
Include but are not limited to:
Housing
Housing-Group
Housing-Single unit
Housing-Multiple units
Housing-Senior
Park & open space
Sep 5, 2001 • Final
Residential bldg/trade
Construct a new duplex on a lot with two existing four-unit residential buildings.
New construction
Apr 27, 2001 • Active
Residential bldg/trade
Remodel
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Parking
Parking Information
Parking Features: Assigned
Parking Total: 16
Interior
Appliances
Hot Water Description: Other
Multi Unit Information
# Of Units Total: 16
Unit Information
Unit Type: 1, 2, 3
Unit Type 1 Information
Actual Rent: $995
Area: 700
Baths Total: 1
Beds Total: 1
Units Total: 1
Unit Type 2 Information
Actual Rent: $1,214
Area: 900
BathsTotal: 1
Beds Total: 2
Units Total: 5
Unit Type 3 Information
Actual Rent: $1,368
Area: 993
Baths Total: 2
Beds Total: 2
Units Total: 10
Exterior
Exterior Features
Roof: Other
Exterior Description: Other
Lot Information
Lot Size Square Feet: 31,798
Lot Size Range: 20,000 SqFt to .99 Acres
Lot Size Acres: 0.73
Lot Size: 20,000 SqFt to .99 Acres
Parcel Number: R109805
Property Information
Property Type: Multi Family
Property Attached YN: No
Property Condition: Approximately
View YN: No
Building Information
Year Built: 2005
Financial
Tax Information
Tax Year: 2025
Tax Legal Description: ASCOT AC, LOT 253 EXC E 90' OF S 120' EXC PT IN ST
Tax Annual Amount: $32,542.69
Lease / Rent Information
CAP Rate: 5.8
Gross Rent Multiplier: 8.76
Utilities
Utility Information
Green Certification YN: No
Fuel Description: Electricity
Water Source: Public Water
Sewer: Public Sewer
Heating & Cooling
Heating YN: No
Heating: Other
Cooling YN: No
Cooling: Other
Location
School Information
Elementary School: Parklane
Middle Or Junior School: Oliver
High School: David Douglas
Location Information
Directions: 148th
Unparsed Address: 14937 SE STARK ST, Portland, OR 97233
Community Information
Zoning: RM3-PDX
Public facts
Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: —
Style: Multi-Family (5+ Unit)
Year Built: —
Year Renovated: —
County: Multnomah County
APN: R109805
Home facts updated by county records on Jun 12, 2024
Other
Listing Information
MlsStatus: Sold
Listing Price Information
Price Type: List Price
Around this home
Schools
Glenfair Elementary School
Public K-5 • Assigned • 0.5mi
5/10
Hauton B Lee Middle School
Public 6-8 • Assigned • 1.3mi
2/10
Reynolds High School
Public 9-12 • Assigned • 5.2mi
1/10
Provided by GreatSchools
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
3/10 Heat Factor
7 days above 92° expected this year, 15 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
10/10 Air Factor
23 unhealthy days expected this year, 27 days in 30 years
Provided by First Street
Historical weather
Portland, OR • 97233
Average low and high temperatures (°F)
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76
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Sun exposure
73/ 100
Good sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.