1. Oregon
  2. Portland
  3. 6908 N ROBERTS Ave
$1,500,000

6908 N ROBERTS Ave, Portland, OR 97203

  • 1,013 sqft
  • Property Icon Commercial Property
  • Property Year Built Icon Built in 1926
  • Property Lot Size Icon1.3acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $1,481/sqft
  • Property List Date Icon Listed 3 months ago

Property Description

Seller financing available! Located in St John’s, this property is well situated as an open storage facility. The 1.3-acre parcel is securely tucked away between The Port of Portland and Union Pacific Railroad. Key Storage is an established, cash-flowing business currently self-managed at a cap rate of 8.8%. There is significant opportunity to increase rents as many of the spaces are currently renting below market rates. All leases are month-month, and as spaces have become available, they have easily leased up at market rates. A new owner could bring in third-party management to earn passive income at a 7.9% cap rate or continue to self-manage and increase returns upwards of 9%. This property includes a detached management office and 2br 1ba 949sf single family house that could be used as a manager’s residence or separate rental property. Seller financing terms- Down payment: 60%, Interest rate: 6%, Terms: 5 years, Amortization: 30 years, Monthly payment: $3,597

Listing Status:
Active
Date Added:
April 30, 2025 at 05:00AM
Listing Office:
Works Real Estate : 503-714-7053
Listing Agent:
Darby Brillanceau Lewis : 971-832-1077
MLS ID:
635124088
  • Heating: Wood stove

This listing courtesy of Darby Brillanceau Lewis, Works Real Estate

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

S

Sitton Elementary School

9930 N Smith St, Portland, OR, 97203

Grades EE-5

0.53 miles away

G

George Middle School

10000 N Burr Ave, Portland, OR, 97203

Grades 6-8

1.61 miles away

R

Roosevelt High School

6941 N Central St, Portland, OR, 97203

Grades 9-12

1.72 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.