Property Description

The Railroad Six Apartments are comprised of six units situated on two adjoining parcels that can be sold separately. The property includes a fourplex built in 1971 and extensively remodeled in 2022/23, together with a newly constructed duplex completed in 2026 and issued its certificate of occupancy in May 2026. The unit mix consists of five 1bd/1ba units and one 2bd/2ba unit. Located two blocks from SE 3rd Street and approximately one-half mile from the Old Mill District, providing convenient access to nearby shopping, restaurants, employment and retail services. All units are currently occupied. The fourplex includes four 1bd/1ba units of approximately 598 square feet each, with current monthly rents ranging from $1,600 to $1,700, or approximately $2.68 to $2.84/SF. The duplex includes one 1bd/1ba unit of approximately 466 square feet and one 2bd/2ba unit of approximately 732 SF. The two-bedroom unit also includes a 338-square-foot single-car garage with washer and drye