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503-935-2560
Smira Group
2831 SE ASH ST, Portland, OR 97214
- $995,000
- 3,792
- SqFt
- List Price
- $995,000
- Days on Market
- 1
- MLS#
- 101139047
- Property Type
- Multifamily
- Sqft. of Residence
- 3,792
- Lot Size
- 5, 000 to 6, 999 SqFt
- Region
- Portland Southeast
- Status
- ACTIVE
Property Description
The Ash Street Apartments is a five-unit apartment community located at 2831 SE Ash Street in Portland's desirable Kerns neighborhood. Originally constructed in 1970, the property offers an attractive combination of spacious two-bedroom residences, significant capital improvements and convenient access to the amenities of inner Southeast Portland. Situated just off the SE 28th Avenue commercial corridor, the property benefits from an established residential setting within convenient walking and biking distance of popular restaurants, cafés, shopping and entertainment. Nearby destinations include Whole Foods Market, Laurelhurst Theater, Laurelhurst Park and numerous neighborhood establishments.The property features four two-bedroom, one-bathroom apartments of approximately 730 square feet and one larger, two-level townhouse-style residence with two bedrooms, 1.5 bathrooms and approximately 1,050 square feet. Interiors feature wood flooring and tile finishes in kitchens and bathrooms, while the townhouse residence includes a private entrance and outdoor garden area. The property's all-two-bedroom configuration distinguishes it from many smaller apartment offerings, particularly as much of the surrounding area's newer apartment construction has emphasized studio and one-bedroom floor plans. Five off-street parking spaces, private storage and shared laundry facilities provide additional resident convenience.Current ownership has invested substantially in the property since acquiring it in 2008. Improvements include a PVC membrane roof, vinyl windows, fiber cement siding, water supply upgrades, foundation anchoring and interior renovations over time. Current scheduled rents provide established in-place income with additional opportunity for future growth. Ownership has historically maintained modest rental increases and does not currently utilize a utility reimbursement program, providing future ownership opportunities to enhance operating income.
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Additional Information
- Tax Amount
- $11,347
- Year Built
- 1970
- High School
- Franklin
- Elementary School
- Sunnyside Env
- Middle School
- Sunnyside Env
- Acres
- 0.11
- Living Area
- 3,792
- Stories
- 2
- Subdivision
- KERNS
- Terms
- Call Listing Agent, Cash, Conventional
- Fuel Description
- Electricity
- Heating Description
- Baseboard
- Hoa Rent Includes
- Maintenance Grounds
- Hot Water Description
- Electricity
- Exterior Description
- Cement Siding, Wood Siding
- Roof Type
- Membrane
- Sewer Description
- Public Sewer
- Parking
- Off Street
- Parking Description
- Off Street
- Road Surface
- Paved
- Number Of Units Total
- 5
- Unit Type One Baths Total
- 1
- Unit Type One Beds Total
- 2
- Unit Type One Rent
- 1679
- Unit Type One Sq Ft
- 730
- Unit Type One Units Total
- 4
- Unit Type Two Baths Total
- 2
- Unit Type Two Beds Total
- 2
- Unit Type Two Units Total
- 1
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Listing courtesy of Barry Investment Real Estate.
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.