9512 N OSWEGO AVE, Portland, OR 97203
- $1,600,000
- 6,387
- SqFt
- List Price
- $1,600,000
- Days on Market
- 1
- MLS#
- 513605984
- Property Type
- Multifamily
- Sqft. of Residence
- 6,387
- Lot Size
- 10, 000 to 14, 999 SqFt
- Region
- Portland North
- Status
- ACTIVE
Property Description
512-9524 N Oswego Avenue presents the opportunity to acquire a nine-unit apartment and duplex asset in Portland’s St. Johns neighborhood, a distinct North Portland submarket recognized for low vacancy, strong resident retention, and durable workforce housing demand.The property consists of a seven-unit apartment building and a duplex on a single tax lot. The unit mix is predominantly 2 Bed / 1 Bath units, which account for eight of the nine total units, with one additional 1 Bed / 1 Bath unit. The asset also features off-street parking for each unit, supporting tenant convenience and long-term retention.From a physical standpoint, all plumbing in the seven-unit building has been replaced with PEX, reducing deferred maintenance exposure at acquisition. The property offers a strong in-place yield with clear operational upside and a straightforward path to income growth. Utility reimbursements have already been partially implemented, establishing proof of concept for a full rollout across the asset. In-place rents also remain below market comparables, creating additional room for organic rent growth over time.St. Johns occupies a peninsula at the convergence of the Willamette and Columbia Rivers, a geography that reinforces the neighborhood’s self-contained character and tight rental dynamics. The property is located at the corner of N Fessenden Street and N Oswego Avenue, one block from the N Lombard Street corridor, with access to downtown Portland approximately nine miles south.
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Additional Information
- Tax Amount
- $16,605
- Year Built
- 1974
- High School
- Roosevelt
- Elementary School
- Sitton
- Middle School
- George
- Acres
- 0.31
- Living Area
- 6,387
- Stories
- 2
- Terms
- Cash, Conventional
- Cooling Description
- None
- Fuel Description
- Other
- Heating Description
- Other
- Hoa Rent Includes
- None
- Hot Water Description
- Other
- Exterior Description
- Other
- Sewer Description
- Public Sewer
- Parking
- On Street
- Parking Description
- On Street
- Road Surface
- Paved
- Number Of Units Total
- 9
- Unit Type One Baths Total
- 1
- Unit Type One Beds Total
- 1
- Unit Type One Sq Ft
- 411
- Unit Type One Units Total
- 1
- Unit Type Two Baths Total
- 1
- Unit Type Two Beds Total
- 2
- Unit Type Two Units Total
- 6
- Unit Type Three Baths Total
- 1
- Unit Type Three Beds Total
- 2
- Unit Type Three Sq Ft
- 783
- Unit Type Three Units Total
- 2
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Listing courtesy of SMI Commercial Real Estate LLC.
The content relating to real estate for sale on this site comes in part from the IDX program of the RMLS of Portland, Oregon. Real Estate listings held by brokerage firms other than this firm are marked with the RMLS logo, and detailed information about these properties include the name of the listing's broker. Listing content is copyright © 2026 RMLS of Portland, Oregon. All information provided is deemed reliable but is not guaranteed and should be independently verified. This content last updated on . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.