Eastgate Stations

For Sale

100 NE 120th Ave, Portland, OR 97220

This Portland property for sale is located at 100 NE 120th Ave. The current listed sale price for Eastgate Stations is $3,936,580. Eastgate Stations is situated on a lot that is 1.02 acre in size.

Contacts

Hugh Holtman

SVN | Imbrie Realty

Property Details

  • Property Type Multi-Family
  • Property Size 56,150 SF
  • Units 61
  • Lot Size 1.02 Acre
  • Year Built 2010
  • Date Updated Nov 5, 2026
*Eastgate Station is a 61-home family community built in 2010, in Portland's Hazelwood neighborhood and now in its LIHTC extended use period. One- to four-bedroom homes sit a short walk from the E 122nd Ave MAX station on the Blue Line (about 0.1 mile, straight line). Actual rents average $1,087 a month on occupied homes (September 2026 rent roll), against $1,288 at Max Allowable Program Rents and $1,374 at Max LIHTC rents, leaving room to grow income inside the existing AMI limits. The sale is structured around two assumable loans, from NOAH and the Portland Housing Bureau, with $700,000 of cash needed to close.
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Highlights

  • About $900,000 of seller improvements. 16-camera security system, sprinkler upgrades with a freeze-prevention protocol, attic insulation, new water heaters and about 21 homes repaired and partially renovated.
  • Neighborhood momentum. The recent rehabilitation of Hazelwood Station, a few blocks away, shows the repositioning potential.
  • On the Blue Line. E 122nd Ave MAX station and TriMet bus line 73 serve the neighborhood.
  • Operating efficiencies. Water sub metering and a utility bill-back program could materially reduce operating costs.
  • Rent upside inside the AMI limits. Actual rents average about 85% of Max Allowable Program Rents. The 40% and 50% AMI homes rent about 10% to 25% below them; the 60% AMI homes are at or near their maximums.
  • Sister property. A 24-unit low-income senior community about three blocks south may also be available. Inquire for details.
  • Well-covered basis play. Stabilize and refinance, or roll into a LIHTC execution at a later date.

Getting around

  • 79/100

    Walk Score ®

  • 54/100

    Transit Score ®

  • 91/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Portland, OR
  • Neighborhood Hazelwood
  • Zip Code 97220
  • Market Portland

Points of Interest

  • Southeast Main Street

    1.41 miles

  • Southeast Powell Boulevard

    2.35 miles

  • Southeast Holgate Boulevard

    2.62 miles

  • Lents Town Center/Southeast Foster Road

    3.29 miles

  • Northeast 7th & Holladay

    5.83 miles

  • New Rose City Cab Company

    5.88 miles

  • Northeast Grand & Hoyt

    5.91 miles

  • Northeast Grand & Multnomah

    5.93 miles

  • Northeast Weidler & Grand

    5.94 miles

  • Northeast Martin Luther King & Hoyt

    5.97 miles

  • 76

    0.21 miles

  • Astro

    0.30 miles

  • Space Age

    0.52 miles

  • Arco

    0.66 miles

  • Blink

    1.14 miles

  • Shell Express

    1.33 miles

  • Chevron

    1.41 miles

  • Electrify America

    2.78 miles

  • PGE Electric Avenue Eastport Plaza

    2.83 miles

  • ChargePoint

    3.41 miles

  • E 122nd/Menlo Park

    0.16 miles

  • Gateway

    1.30 miles

  • SE Main St

    1.41 miles

  • The Columba Center

    1.98 miles

  • Vestal Elementary Guest Parking

    2.02 miles

  • Walgreens parking lot

    2.08 miles

  • Grace Baptist Church Parking

    2.21 miles

  • Lot B

    2.25 miles

  • Slavic Church Parking/PCC Southeast Overflow Parking

    2.28 miles

  • Lot A

    2.29 miles

  • Montavilla Motel

    1.16 miles

  • Ramada

    1.21 miles

  • Chesnut Tree Inn

    1.26 miles

  • Motel 6

    1.44 miles

  • Comfort Inn & Suites

    2.03 miles

  • Portland Value Inn & Suites

    2.12 miles

  • Nordic Inn and Suites

    2.31 miles

  • Courtesy Inn

    2.37 miles

  • Aaron Motel

    2.39 miles

  • Budget Inn Portland Airport

    2.40 miles

  • Plaza 125

    0.42 miles

  • 130th Stark Street Mall

    0.58 miles

  • Bi-Mart

    0.75 miles

  • Lily Market Oriental Food and Gifts

    0.88 miles

  • WinCo Foods

    0.91 miles

  • Fred Meyer

    1.16 miles

  • Kohl's

    1.19 miles

  • Target

    1.26 miles

  • Ross

    1.28 miles

  • Europa PDX

    1.32 miles

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