1335 NW 23rd Ave - Apartments FOR SALE


Portland, OR 97210- Uptown Portland
$3,300,000 USD
503-241-5541
1335 NW 23rd Ave, Portland, OR for Sale
$3,300,000 USD
Apartments - FOR SALE
1/16
null | 6.21% Cap Rate

1335 NW 23rd Ave
Portland, OR 97210
Uptown Portland


OVERVIEW

Introducing Ritz Manor, a well-located 18-unit multifamily asset in the heart of Portland’s growing Northwest District. The property has a classic architectural style that complements the historic charm of Northwest Portland. Ritz Manor offers a mix of studio and onebedroom layouts with amenities including fully equipped kitchens with eating nooks, walk-in closets with built-in storage, secure access, and an on-site laundry room. The property also includes two retail tenants, an occupied restaurant and office space. Ritz Manor’s prime location on NW 23rd Avenue makes it an extremely appealing option for renters seeking an amenity-rich, urban lifestyle. Ritz is surrounded by some of the city’s most desirable lifestyle amenities, such as award-winning restaurants, boutique retailers, cafés, and local parks. Residents have excellent walkability and access to public transportation, with multiple streetcar and bus lines nearby, providing direct access to the Pearl District, downtown Portland, and major employment centers.

FOR SALE DETAILS

PRICE

$3,300,000 USD

PRICE/SF

$265 USD /SF

# OF UNITS

18

PRICE/UNIT

$183,333

CAP RATE

6.21%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Ritz Manor

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1929

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

13,159 SF

ZONING

CS

APN/PARCEL ID

R141431

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.