6940 SE Long St, Portland, OR 97035

$2,950,000

Beds

Baths

0.14 ac

Property Size

2020

Year Built

About The Property

SELLER FINANCING NOW AVAILABLE. CALL BROKER FOR INFORMATION.Kern Park Apartments is an excellent opportunity to acquire a high-quality 2020-construction apartment building in Southeast Portland. Located at 6940 SE Long St, Kern Park Apartments is a 15-unit asset with a balanced units mix featuring nine (9) one-bed/one-bath units and six (6) two-bed/ one-bath units. The efficient unit layouts and modern finishes offer residents a clean, comfortableliving environment in an actively growing submarket.The building showcases the benefits of newer construction: fully sprinkled, separately metered, and built with durable, high-quality, sound-dampening materials. Systems and interiors reflect a “builtto- hold” standard rather than value-engineered construction, giving the property lower operating intensity compared to older competing stock. Residents enjoy contemporary interiors including stainless steel appliances, quartz countertops, modern cabinets, LVP flooring, and quality fixtures. All units have in-unit washers and dryers..With stabilized operations, limited to no deferred maintenance, and a location benefiting from continued neighborhood improvement, 6940 SE Long St represents a rare chance to acquire a modern, low-maintenance asset in one of Southeast Portland’s most promising growth pockets.

ARCHITECTURE

Stories: 3
Condition: Approximately
Year Built: 2020

INTERIOR FEATURES

Heating Type: Other
Fuel Type: Electricity
Interior SqFt: 9002

EXTERIOR FEATURES

Lot size (Acres): 0.14
Zoning: CM2
Water Source: Public Water
Sewer: Public Sewer

SCHOOLS

Elementary: Arleta
High School: Franklin
Middle: Kellogg

TAX & FINANCIAL

Annual Tax: $31730.05
Terms Considered: CallListingAgent, Cash, Contract, Conventional, Owner Will Carry
Tax Year: 2025

LISTING INFO

Listing courtesy of SMI Commercial Real Estate LLC
Days On Market: 1

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Property Map

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Erik Leland

Luxury Property Advisor | OR License 201225800
Member of: National Association of REALTORS® (NAR)

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Property ID - | 869818

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Erik Leland