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8120 SE 11th Ave, Portland, OR 1111 SE Tenino St, Portland, OR
11th & Tenino
Asset ClassMultifamily
# Units38
# Units: 38# Buildings: 2Year Built: 2022Access Data Room
Built in 2022, 11th & Tenino is comprised of 38 modern, high-end apartment homes in two separate but identical 19-unit buildings.
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Overview

Built in 2022, 11th & Tenino comprises 38 modern, upscale apartment units housed in two identical buildings, each containing 19 units. Situated on SE 11th, just off SE Tacoma, this property enjoys a prime location in the vibrant Sellwood neighborhood of Portland. Characterized by its urban chic and efficient layout, 11th & Tenino offers a boutique-style living experience across three stories, boasting luxurious finishes both inside and out. With a Walk Score of 93 and an exceptional Bike Score of 99, this locale is a haven for pedestrians and cyclists alike. Its proximity to TriMet’s MAX light rail line and convenient bus routes further enhances its accessibility to public transportation.

 

Strategically positioned near the newly constructed Sellwood Bridge, residents benefit from easy access to key employment hubs such as the Central Business District (CBD), Oregon Health & Science University, Portland State University, and the Central Eastside Industrial District, collectively offering nearly 100,000 jobs. The property features a mix of studio, one-bedroom, and two-bedroom units, all boasting top-tier amenities including stainless steel appliances, quartz countertops, air conditioning, and full-sized washer/dryers. With expansive ceilings and additional perks such as bike storage and secure building access, tenants enjoy a spacious and secure living environment.

 

Designed with energy efficiency in mind and constructed using the latest materials, 11th & Tenino represents a lasting investment in quality. Its unbeatable location ensures that downtown Portland is just a 15-minute drive or bike ride away, utilizing either the Sellwood Bridge or the Tilikum Crossing Bridge, reserved exclusively for pedestrians, cyclists, and mass transit. Nearby, residents can explore a variety of shopping options and recreational areas, including Oaks Bottom Wildlife Refuge, Sellwood Park, and Westmoreland Park. Additionally, a New Seasons Grocer, a lively food cart pod, and numerous dining and entertainment venues are within walking distance, making this location the epitome of Portland living at its finest.

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Investment Highlights

Cap Rate
5.84%
# Units
38
# Buildings
2
Square Feet
18,337
  • Newer construction, low maintenance asset
  • No inclusionary zoning
  • Excellent unit mix
  • High-end finishes throughout
  • Energy efficient construction
  • Proximate to Downtown Sellwood
  • High barrier of entry location
  • Transit oriented location
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8120 SE 11th AvePortland, OR 97202
Walk around Sellwood (over 40 shops & restaurants within walking distance)
One block away from New Seasons
Quarter mile to Sellwood Park; half mile to Sellwood Riverfront Park
150 FT to Piknik Park Food Cart Pod & The Dive Bar

EXCLUSIVELY LISTED BY

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Listing provided by Revere CRE