9512 N Oswego Ave, Portland, OR 97203
Local realty services provided by:Knipe Realty ERA Powered
9512 N Oswego Ave,Portland, OR 97203
$1,600,000
- - Beds
- - Baths
- 6,387 sq. ft.
- Multi-family
- Active
Listed by: jude soldati
Office: smi commercial real estate llc.503-390-6060
MLS#:513605984
Source:PORTLAND
Price summary
- Price:$1,600,000
- Price per sq. ft.:$250.51
About this home
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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Home facts
- Year built:1974
- Listing ID #:513605984
- Added:1 day(s) ago
- Updated:August 11, 2026 at 01:29 AM
Rooms and interior
- Living area:6,387 sq. ft.
Structure and exterior
- Year built:1974
- Building area:6,387 sq. ft.
- Lot area:0.31 Acres
- Levels:2 Stories
Schools
- High school:Roosevelt
- Middle school:George
- Elementary school:Sitton
Utilities
- Water:Public Water
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,600,000
- Price per sq. ft.:$250.51
- Tax amount:$16,606 (2025)
Parking
- Parking description:On street
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