$3,750,000

13145 SE Division St Portland, OR 97236

Hazelwood Neighborhood

Estimated payment $23,029/month

Total Views 6,444
5 Beds
4 Baths
27,842 Sq Ft
$135 Price per Sq Ft

Highlights

  • 1.49 Acre Lot
  • Property is near a bus stop
  • Level Lot
  • No HOA
  • Baseboard Heating
  • Lap Siding

About This Home

The Camelia Townhouse Apartments, built in 1972, has 29 units located in 6 buildings spread over 1.5 Acres. This fully rented complex features Townhomes that have been updated over the years with new kitchen cabinets, flooring and newer vinyl windows in most of the apartments. Each of the 6 buildings have new roofs, installed in 2019, and every apartment has its own Washer & Dryer and is on a separate electrical meter. Camelia Townhomes have 25- 2 Bedroom 1.5 Bath, 930 sq ft apartments and 4- 3 Bedroom 1.5 Bath 1148 sq ft apartments, AND every Townhome comes with a dedicated parking space with 20 overflow spaces. On a Bus Line and close to multiple Parks, local services, shopping and restaurants, this 29 unit complex is priced under $130K per door.Below market rents offer top line growth opportunity.

Listing Agent

Douglas Landers

John L. Scott Portland Central Brokerage Email: neportland@johnlscott.com License #200903041 Listed on: 04/10/2025

John L. Scott Portland Central

Co-Listing Agent

Brandon Buchanan

Real Broker Brokerage Email: neportland@johnlscott.com License #200602165

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $40,338

Year Built

  • Built in 1972

Lot Details

  • 1.49 Acre Lot
  • Level Lot

Home Design

  • Composition Roof
  • Lap Siding
  • Plywood Siding Panel T1-11
  • Concrete Perimeter Foundation

Interior Spaces

  • 27,842 Sq Ft Home
  • 2-Story Property
  • Crawl Space

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Parking

  • 49 Parking Spaces
  • Assigned Parking

Location

  • Property is near a bus stop

Schools

  • Lincoln Park Elementary School
  • Ron Russell Middle School
  • David Douglas High School

Utilities

  • No Cooling
  • Heating System Mounted To A Wall or Window
  • Baseboard Heating
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number R144042

Community Details

Overview

  • No Home Owners Association
  • 29 Units

Building Details

  • Operating Expense $190,550
  • Gross Income $391,462
  • Net Operating Income $200,942

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$40,338

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Standard Status: Active
  • MLS Status: Active
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 1972
  • Property Condition: Approximately
  • Property Attached Yn: No
  • Current Price For Status: 3750000.0
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: CrawlSpace
  • Storage: None
  • Total Bedrooms: 5
  • Lot Size Range: Acres1to3

Exterior Features

  • Exterior Description: LapSiding,T111Siding
  • Lot Size: 1 to 2.99 Acres
  • Foundation Details: ConcretePerimeter
  • View: No
  • Lot Features: Level, OnBusline
  • Road Surface Type: Paved
  • Roof: Composition

Garage/Parking

  • Parking Description: Assigned
  • Attached Garage: No
  • Total Parking Spaces: 49.0

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Cooling Y N: No
  • Heating: Baseboard, WallHeater
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Lincoln Park
  • High School: David Douglas
  • Middle Or Junior School: Ron Russell

Lot Info

  • Zoning: R2a
  • Lot Size Acres: 1.49
  • Lot Size Sq Ft: 64904.0
  • Parcel #: R144042

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2024
  • Tax Annual Amount: 40337.95

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 29
  • Gross Rent Multiplier: 9.58
  • Annual Gross Income: 391462.0
  • Property Net Operating Income: 200942.0
  • Annual Operating Expense: 190550.0

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/30/2025 05/30/25 For Sale $3,750,000 0.0% $135 / Sq Ft
04/18/2025 04/18/25 Pending -- -- --
04/10/2025 04/10/25 For Sale $3,750,000 -- $135 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 229614287

Regional Multiple Listing Service (RMLS)
Oregon Multnomah County Portland 97233 Hazelwood

13145 SE Division St, Portland, OR

For Sale

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Douglas Landers
Listing Agent
Douglas Landers
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John L. Scott Portland Central
(971) 391-2119