Division Street Townhomes

Division Street Townhomes offers investors a unique opportunity to acquire a stable, income-producing asset in one of Portland’s rapidly evolving neighborhoods. This 14-unit community, constructed in 1997 and recently enhanced with significant upgrades—including a new roof, new parking lot, and interior improvements—is well-positioned to deliver reliable returns and manageable operating costs.

Each townhome features spacious two- and three-bedroom floor plans, private entrances, in-unit laundry, dedicated parking, and ample private yard spaces, making them highly desirable as a comfortable alternative to single-family living. Given the current challenging housing market with elevated homeownership costs, these townhomes present renters with an attractive and cost-effective housing solution.

Strategically located along SE Division Street in Portland’s Powellhurst-Gilbert neighborhood, the property benefits from strong visibility and easy access to major transit routes, employment hubs, shopping, dining, and outdoor recreational areas such as Powell Butte Nature Park and the Springwater Corridor Trail.

Importantly, the property’s excellent condition and recent improvements mean lower maintenance and insurance costs, enhancing net operating income and overall profitability. Additionally, there’s significant room to raise rents, particularly given the substantial gap between current rental rates and homeownership costs in the area.

Overall, Division Street Townhomes combines robust current income with clear potential for future rent growth and cost-efficient operations, making it a compelling investment opportunity in Portland’s thriving rental market.