120 SE 143rd — Sale in Portland, OR

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Portland, OR 97233

Photos

120 SE 143rd — Sale in Portland, OR, photo 1 of 2
120 SE 143rd — Sale in Portland, OR, photo 2 of 2

Investment Figures

Cap rate
6.60%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

120 SE 143rd is a 12-unit, low-rise apartment community located in the Gateway submarket of Portland, Oregon. Built in 2001, this three-story building totals 14,400 square feet and is comprised of twelve (12) three-bedroom, three-bath floorplans, offering highly functional layouts well-suited for families and roommate households. Uniquely, the offering also includes two single-family houses on adjacent parcels—one (1) three-bedroom, one-bath home and one (1) two-bedroom, one-bath home—both of which could be sold separately in the future, providing an additional exit and value-creation option for the next owner. Each unit features washer/dryer hookups, and the property includes private off-street parking, a security system, a dog park, and generous greenspace, making the community appealing to long-term tenants, families, and groups. The three-bedroom units are currently achieving an average rent of $1,762 per month, while comparable units in the market average $1,926 per month, representing approximately 9 percent upside on in-place rents in their current condition. 120 SE 143rd is conveniently located in Portland’s Gateway submarket, providing residents with quick access to a broad range of employment, shopping, and entertainment options throughout the eastside and downtown core. The property is within easy reach of major thoroughfares and transit, allowing tenants to commute to Downtown Portland, the Portland waterfront, and the Portland International Airport in roughly 20 minutes, depending on traffic. The surrounding neighborhood offers everyday conveniences such as grocery stores, neighborhood retail, restaurants, schools, and parks, supporting demand from renters seeking both accessibility and livability. Gateway’s position as a key eastside hub—with connections to freeways and transit lines—makes this location especially attractive for residents who work across different parts of the metro area but prefer more space and value than inner-core neighborhoods typ

Market Context

This multifamily in Portland, OR is listed for sale. It is offered at an approximate 6.6% capitalization rate, a key benchmark for income-producing multifamily assets. Compare it against other multifamily listings for sale in Portland, OR — view the full market.

As of Q2 2026, the Portland multifamily market showed a 7.1% vacancy rate, average asking rents near $1750.00/unit/mo, and rents up 15.0% year over year. Source: multiple brokerage reports, Q2 2026.

Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Multifamily market FAQ

Is the Portland multifamily market tightening or softening?
Vacancy is around 7.1%, with asking rents rising year over year (Q2 2026).

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