6940 SE LONG ST Portland, OR $ 2,950,000
6940 SE LONG ST
$ 2,950,000
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6940 SE LONG ST

Portland, OR, 97035
$ 2,950,000
Bedrooms3 Baths2.0 Sq 9,002

Monthly Estimate*

$ 18,627

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Multi-Family Home for sale in Portland, OR

for $2,950,000 with 3 bedrooms and 2 full baths. This 9,002 square foot home was built in 2020 on a lot size of 0.14.

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.

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Multi-Family Active

Price

$ 2,950,000

Bedrooms

3

Full Bath

2

Property Type

Multi-Family

Taxes

$ 31,730

Style

Lot Size

0.14

Year Built

2020

Town/City

Portland

County/Region

Multnomah

MLS | Web ID

495498306

Features
General
Sewer PublicSewer
Heating Other
Cooling Other
Zoning CM2
Year Built 2020
Stories Count 3
Tax Year 2025
Parcel Number R197217
Gross Income 240058.0
County Multnomah
Net Operating Income 161697.0
Operating Expense 78361.0
Property Type MultiFamily
HOA N
Rent Includes None
Status Active
Directions Foster Rd
High School Franklin
City Portland
Number Of Units Total 15
MLS Area _143
Lot Size Square Feet 6098.0
Listing Terms CallListingAgent Cash Contract Conventional OwnerWillCarry
Elementary School Arleta
Tax Annual Amount 31730.05
Middle/Junior High School Kellogg
Property Condition Approximately
Standard Status Active
Accessory Dwelling Unit Y/N N
Legal Description KERN PK BLOCK 14 LOT 8
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Exterior
Water Source PublicWater
Exterior Description Other
Building Area Total 9002.0
Lot Size Acres 0.14
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Interior
Hot Water Other
Unit 1 Baths Total 1
Unit 1 Beds Total 1
Unit 2 Baths Total 1
Unit 2 Beds Total 2
Unit Type UnitTypeType1 UnitTypeType2
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Internal Only
Street Number 1 6940
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* Excluded Features
List By
Smi Commercial Real Estate Llc

Broker

jude.soldati@smire.com

Email

Affordability Calculator

$21,271
Per Month
88%
12%
0%
Monthly Principal & Interest
$18,627
Monthly Property Taxes
$2,644
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1949587 Elementary School
3483333 Middle School
Franklin High School High School
Pricing History
DatePricePrice ChangeDescription
8/10/2026$2,950,000 Listed Price

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6940 SE LONG ST, Portland, OR, 97035 is a Multi-Family Home for sale at $2,950,000 with 9,002 sqft and a lot size of 0.14. 6940 SE LONG ST has 3 bedrooms, 2.0 baths, and was built in 2020. The property's zip code is 97035 which is in Portland, OR