1111 NE 122nd Ave - Apartments FOR SALE


Portland, OR 97230- Gateway
$6,750,000 USD
503-241-5541
1111 NE 122nd Ave, Portland, OR for Sale
$6,750,000 USD
Apartments - FOR SALE
1/33
null | 5.72% Cap Rate

1111 NE 122nd Ave
Portland, OR 97230
Gateway


OVERVIEW

HFO is pleased to present Rochelle Villa, a well-located 43-unit multifamily community in the heart of East Portland, offering investors meaningful operational and management upside. Positioned in the East Portland commercial corridor, the property provides residents with exceptional access to major employers, retail centers, parks, and transit including nearby MAX Blue Line service connecting to Downtown Portland, Gateway, and Gresham. East Portland continues to demonstrate strong renter demand, stable occupancy, and durable workforce-housing fundamentals, making this submarket one of the metro’s most resilient. With opportunities to enhance efficiencies, modernize interiors, and capture rent growth through targeted value add strategies, the asset represents a compelling investment in a supply-constrained and high-performing multifamily market.

FOR SALE DETAILS

PRICE

$6,750,000 USD

PRICE/SF

$181 USD /SF

# OF UNITS

43

PRICE/UNIT

$156,977

CAP RATE

5.72%

% LEASED

90%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Rochelle Villa Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1968

PARKING SPACES

40

LAND DETAILS

LAND ACRES

1.28 AC

LAND SF

55,757 SF

ZONING

R3

APN/PARCEL ID

R177928

ASK ABOUT THIS PROPERTY

Gregory FrickHFO Investment Real EstateMore Info
503-241-5541

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Gregory FrickHFO Investment Real EstateMore Info
503-241-5541

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.