The Brooklyn 5 is a five-unit apartment building located in the Brooklyn submarket of Portland, Oregon. Built in 1969, this two-story property totals 4,198 square feet and is comprised of three (3) one-bedroom, one-bath units and two (2) two-bedroom, one-bath units. All units were fully renovated in 2025. Renovations include: stainless-steel appliances, hardwood-style floors, stone countertops, all new LED lighting, remodelled bathrooms, new cadet heating, and new carpet in bedrooms. The property offers a superior amenities package, including extra storage, off-street parking, dishwashers, garbage disposals, and in-unit washers and dryers. In addition to the full interior upgrades, major capital expenditures made in 2025 include vinyl window replacements and repairs, a new membrane sloped roof, plumbing updates with PEX pipes, all new water heaters, and new GFCI plugs in the kitchens and bathrooms, making The Brooklyn 5 a turnkey asset.

The two-bedroom units are currently achieving an average rent of $1,749 per month, while comparable renovated units average $1,764; the one-bedroom units average $1,499 per month, compared to $1,374 for similar renovated units, representing a stabilized opportunity in an A-class market.

The Brooklyn 5 is situated in the Brooklyn neighborhood of Portland, a city known for its diverse communities and vibrant culture. The property is conveniently located near downtown Portland, providing easy access to numerous local employers, retailers, restaurants, and entertainment options. The Brooklyn neighborhood itself is a charming residential area, close to Sellwood—one of Portland’s most desirable locations for young families, food lovers, and nightlife enthusiasts. Within a ten-minute drive, tenants can easily reach Waterfront Park, Moda Center, and downtown employers, while enjoying local amenities within walking distance. This prime location provides a balance between urban convenience and neighborhood charm, making it highly attractive to a diverse tenant base.

This two-story, fully renovated 1969 construction property offers a rare, stabilized, turnkey investment opportunity in one of Portland’s most desirable locations. With achieved rents exceeding local averages for renovated units, The Brooklyn 5 stands out as a high-performing asset in a strong rental market. The combination of comprehensive renovations, modern amenities, and proximity to downtown Portland and major employment centers positions The Brooklyn 5 as an exceptional choice for savvy investors seekingimmediate income stability and long-term value in the Portland multifamily market.