206-607-1752
1611 NW Marshall St, Portland, OR for Sale
Apartments - FOR SALE
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1611 NW Marshall St
Portland, OR 97209
Uptown Portland


HIGHLIGHTS

  • Stabilized asset in a premier urban location
  • The most attainably priced quality community in Northwest Portland
  • Unparalleled walkability and urban connectivity
  • All-inclusive utility package
  • Irreplaceable infill location in supply-constrained submarket
  • Deep discount to replacement cost

OVERVIEW

Cushman & Wakefield is pleased to present KOZ on Sixteenth, an 80-unit studio community at 1611 NW Marshall Street in Portland’s Slabtown / Northwest submarket. The asset offers a rare opportunity to acquire a stabilized property in one of the region’s most walkable, amenity-rich neighborhoods. KOZ stands out in the competitive set as a well-located, lower-cost option without sacrificing quality. While nearby studios lease for $1,300–$1,600, KOZ achieves approximately $1,175–$1,200, creating a consistent pricing advantage that supports strong occupancy, retention, and demand. The mid-rise property is designed for Portland’s urban workforce, with efficient layouts and a full amenity package including controlled access, elevator, bike storage, secured parking, onsite laundry, courtyard space, and internet included in rent. Currently ~95% occupied (as of March 2026), the asset provides immediate cash flow with additional upside tied to continued rent growth in a supply-constrained submarket. KOZ on Sixteenth offers a combination of stable income, limited new competition, and durable renter demand, appealing to a wide range of investors seeking long-term performance in a core Portland location

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

80

CAP RATE

Request Cap Rate

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Koz on Sixteenth

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

6

YEAR BUILT

2020

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,583 SF

ZONING

EX

APN/PARCEL ID

R140977

ASK ABOUT THIS PROPERTY

Matt KemperCushman & WakefieldMore Info
206-607-1752

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Matt KemperCushman & WakefieldMore Info
206-607-1752

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