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15065 SE Division StPortland, OR 97236
Cambridge Townhomes
Asset ClassMultifamily
Year Built2025
3 Bed 3 Bath Townhomes featuring condo-quality finishes, private fenced yards, and attached garage.
overview of deal

Overview

This newly constructed 18-unit townhome community offers a premium multifamily investment opportunity, featuring spacious 3-bedroom, 3-bathroom residences with an average size of 1,431 SF, including attached garages. Built in 2025, each unit is designed with condo-quality finishes, including custom cabinetry, quartz countertops, in-unit air conditioning, electric fireplaces, and full-size in-unit laundry.

 

The property is currently 95% leased (17 of 18 units occupied) with strong in-place rents averaging $2,597 per month, providing immediate income with continued lease-up upside. Residents benefit from private fenced yards, a gated community setting for enhanced security and privacy, and shared amenities including an on-site playground.

 

With a projected 5.86% cap rate, this asset combines modern construction, high-quality design, and strong rental demand—positioning it as an attractive opportunity for investors seeking stable cash flow and long-term appreciation.

Investment Highlights

Interior Features

3 BD / 3 BA floorplans totaling approx. 1,450 SF

  • Attached single-car garages with direct interior access
  • One to two additional driveway parking spaces (tandem) per unit
  • Private back patios for outdoor living
  • Designer-style finishes throughout
  • Custom cabinetry
  • Quartz countertops
  • Tile kitchen backsplash
  • Plank flooring
  • High-end appliance package
  • In-unit air conditioning
  • Electric fireplace
  • In-unit laundry (washer & dryer or hookups)
  • Energy-efficient windows and systems
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15065 SE Division StPortland, OR 97236

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