1638 SE 12th Ave - Apartments FOR SALE


Portland, OR 97214- Hosford-Abernethy
$4,750,000 USD
503-314-7273
1638 SE 12th Ave, Portland, OR for Sale
$4,750,000 USD
Apartments - FOR SALE
1/11
null | Request Cap Rate

1638 SE 12th Ave
Portland, OR 97214
Hosford-Abernethy


HIGHLIGHTS

  • Irreplaceable Vintage Charm & Livability
  • Phenomenal Location - Rich in History
  • Hawthorne Boulevard - Iconic Portland Destination
  • Proximity to Downtown & Employment Centers
  • Exceptional Accessibility

OVERVIEW

A Proven Asset with a Compelling Repositioning Upside The Mulberry Apartments present a rare opportunity to acquire a beautiful and historically significant asset in the affluent Ladd’s Addition neighborhood on Portland’s Central Eastside. Mulberry offers exceptional “bones” and unit configurations that are virtually unmatched in today’s market, truly embodying the notion that “they don’t build them like they used to.” The property’s classic design, generous layouts, and enduring construction quality set it apart from newer inventory.

FOR SALE DETAILS

PRICE

$4,750,000 USD

PRICE/SF

$137 USD /SF

# OF UNITS

30

PRICE/UNIT

$158,333

CAP RATE

Request Cap Rate

% LEASED

97%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Mulberry

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1925

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.46 AC

LAND SF

20,038 SF

ZONING

R1

APN/PARCEL ID

R200345

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.