503-314-7273
11181-11211 NE Weidler St, Portland, OR for Sale
Apartments - FOR SALE
1/19
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11181-11211 NE Weidler St
Portland, OR 97220
Parkrose Heights


HIGHLIGHTS

  • Value-add opportunity with assumable financing at 3.3%
  • Well located, market-affordable asset with low property tax basis
  • Excellent proximity to employment centers, retail and everyday amenities
  • Above-market rent growth over next 24-36 months

OVERVIEW

Northmarq is pleased to present the exclusive opportunity to acquire Edgemont, an 84-unit midcentury gem distinguished by its expansive, beautifully landscaped grounds spanning both sides of the street. This unique configuration creates a welcoming gateway into a well-established midcentury neighborhood of single-family homes to the north. The property’s classic architectural character is enhanced by inviting courtyards, a seasonal swimming pool, a dog run, and abundant surface and street parking. The strong exterior identity carries through to the interiors, reinforcing Edgemont’s timeless appeal. Edgemont offers a well-balanced unit mix consisting of 9 large studios, 55 one-bedroom units, and 20 two-bedroom units. All residences feature large sliding glass doors that open to private patios or balconies with generous overhangs, allowing residents to enjoy these outdoor spaces year-round.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

84

CAP RATE

Request Cap Rate

% LEASED

98%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Edgemont Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1962

PARKING SPACES

84

LAND DETAILS

LAND ACRES

2.84 AC

LAND SF

123,710 SF

ZONING

R1

APN/PARCEL ID

R178004

ASK ABOUT THIS PROPERTY

Robert BlackNorthmarqMore Info
503-314-7273

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Robert BlackNorthmarqMore Info
503-314-7273

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