1515 N Rosa Parks Way - Apartments FOR SALE


Portland, OR 97217- Arbor Lodge | 
$2,600,000 USD
503-502-9678
1515 N Rosa Parks Way, Portland, OR for Sale
$2,600,000 USD
Apartments - FOR SALE
1/31
null | 6.73% Cap Rate

1515 N Rosa Parks Way
Portland, OR 97217
Arbor Lodge


HIGHLIGHTS

  • New Construction: Contemporary three-story mixed-use commercial complex built in 2021.
  • Loft Style Units: 14 loft-style 1 Bedroom apartments ranging from 391 -476 square feet
  • Commercial Space: 1029 square feet leased through 03/01/2028
  • Premium Finishes: Units feature quartz countertops, stainless steel appliances, tile bathroom floors and showers, and engineered hardwood floors.
  • Apartment Amenties: Units have in-unit washer/dryer, secure gated entry, & private courtyard; bike storage; & #102 & #101 have a private backyard.
  • Situated in the Arbor Lodge neighborhood with walkable access to N Interstate, and a Bikeable Score of 100%.

OVERVIEW

Built in 2021, this contemporary three-story mixed-use commercial building is located in North Portland’s Arbor Lodge neighborhood. It includes 14 loft-style one-bedroom apartments and a commercial space. The apartments range from 391 to 476 square feet and feature engineered hardwood floors, custom cabinetry, built-in shelving, stainless steel appliances, tiled bathroom floors and showers, in-unit washers and dryers, tall ceilings, and ductless mini-split systems. Secure courtyard access and secure bike storage, with Units 101 and 102 offering private backyards. Located at the intersection of N Rosa Parks Way and N Interstate Avenue, the property is near the MAX station and New Seasons Market on Interstate Avenue. This Arbor Lodge location provides convenient access to transit, shops, restaurants, parks, and coffee shops, with an exceptional bike score of 100%. Actual monthly rent is $17,474 for September 2026, with 76% occupancy, anticipated to reach 100% by the end of October.

FOR SALE DETAILS

PRICE

$2,600,000 USD

PRICE/SF

$310 USD /SF

# OF UNITS

15

PRICE/UNIT

$173,333

CAP RATE

6.73%

% LEASED

76%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

C-Channel Lofts

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2023

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,227 SF

ZONING

CM3

APN/PARCEL ID

R305839

ASK ABOUT THIS PROPERTY

Marjorie WellsLegend Real Estate ServicesMore Info
503-502-9678

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Marjorie WellsLegend Real Estate ServicesMore Info
503-502-9678

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