1111-1139 NE Broadway St - Apartments FOR SALE
Portland, OR 97232 |
1111-1139 NE Broadway St
Portland, OR 97232
HIGHLIGHTS
- National Credit Rent Roll: Stabilized mix of national tenants; four of five in place 10+ years.
- Contractual NOI Growth: Scheduled rent bumps and 5.7-year WALT provide steady, low-risk income.
- Premier NE Broadway Location: 23,000+ VPD, I-5 access, MAX/Streetcar steps away; 53 condos boost traffic.
- Daily-Needs Shadow Anchoring: Across from Safeway and Lloyd Center in a highly walkable setting.
- Lloyd Center Revitalization: Next to major mixed-use redevelopment with a new 4,000-seat venue opening 2027.
- Strong Local Demographics: 29K residents within one mile; $123K average income and growing.
FOR SALE DETAILS
PRICE
-
# OF UNITS
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CAP RATE
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% LEASED
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BUILDING DETAILS
PROPERTY NAME
Irvington Place
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Mid-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
15755
STORIES
1
YEAR BUILT
1998
PARKING SPACES
80
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
R191138
