16001 NE Halsey St - Apartments FOR SALE


Portland, OR 97230- Wilkes
$4,000,000 USD
503-241-5541
16001 NE Halsey St, Portland, OR for Sale
$4,000,000 USD
Apartments - FOR SALE
1/11
null | 6.58% Cap Rate

16001 NE Halsey St
Portland, OR 97230
Wilkes


OVERVIEW

Introducing Aurora Park Apartments, a 28-unit garden-style community located in East Portland along the NE Halsey corridor. Built in 1974, the property features a mix of two-bedrooms and two-bedroom townhome floor plans. Residents enjoy essential amenities such as fully equipped kitchens with dishwashers and granite countertops, hardwood-style flooring, ceiling fans, balconies or patios, laundry facilities, and off-street parking. With stable in-place operations and a well-connected suburban setting, Aurora Park presents a compelling opportunity for long-term growth in an evolving East Portland submarket. Ideally positioned near major transportation routes, the property offers seamless access to I-84, I-205, and Portland International Airport. Aurora Park is located just minutes from one of the region’s key manufacturing clusters, home to major employers including Boeing, Amazon, and Albertsons Distribution. The surrounding neighborhood features a mix of established retail, public parks, and more than ten schools within a three-mile radius. Frequent TriMet bus and MAX service further supports commuter access, enhancing the property’s appeal to value-conscious renters seeking affordability without sacrificing connectivity.

FOR SALE DETAILS

PRICE

$4,000,000 USD

PRICE/SF

$195 USD /SF

# OF UNITS

28

PRICE/UNIT

$142,857

CAP RATE

6.58%

% LEASED

94%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Aurora Park Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1974

PARKING SPACES

50

LAND DETAILS

LAND ACRES

0.91 AC

LAND SF

39,639 SF

ZONING

R3, Portland

APN/PARCEL ID

R318655

ASK ABOUT THIS PROPERTY

Jack StephensHFO Investment Real EstateMore Info
503-241-5541

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Jack StephensHFO Investment Real EstateMore Info
503-241-5541

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