17014-17062 NE Halsey St - Apartments FOR SALE


Portland, OR 97230- Wilkes East
$8,850,000 USD
503-241-5541
17014-17062 NE Halsey St, Portland, OR for Sale
$8,850,000 USD
Apartments - FOR SALE
1/33
null | 6.03% Cap Rate

17014-17062 NE Halsey St
Portland, OR 97230
Wilkes East


OVERVIEW

» Capital Improvements Reduce Near-Term Capital Exposure Ownership has completed significant exterior and infrastructure upgrades, including replacement of the water main and full roof replacements. These major capital improvements materially reduce near-term capital expenditure risk and provide investors with increased operational certainty and lower ongoing maintenance requirements. » Efficient 62-Unit Scale in Supply-Constrained East Portland Submarket The Property’s 62-unit scale offers operational efficiency and meaningful income generation while remaining accessible to a broad range of private and institutional investors. Mid-sized assets in established suburban locations such as Gresham continue to benefit from durable renter demand and limited new competing supply. » Strategic Eastside Access to Major Job Hubs Situated in Gresham, one of Portland’s largest and fastest-growing suburban cities, the Property provides residents with convenient access to major regional employment hubs throughout East Portland, Downtown Portland, and the broader metro area. The location offers an attractive balance of suburban livability and urban accessibility. » Excellent Connectivity to PDX & Regional Transit The Property benefits from close proximity to Portland International Airport (PDX), one of the region’s largest employment centers and a major driver of economic activity. Immediate access to Interstate 84 and key arterial corridors provides efficient connectivity throughout the Portland metropolitan area, enhancing renter appeal and long-term demand stability. » Transit-Oriented Location Supporting Long-Term Rental Demand The Property is located near TriMet bus lines and MAX Light Rail service, providing residents with convenient public transit options and connectivity to major employment, retail, and commercial districts. Transit-oriented locations historically experience stronger occupancy, broader renter demand, and enhanced long-term investment durability. » Access to Established Retail, Services, and Lifestyle Amenities Residents benefit from proximity to major retail centers, grocery stores, dining, and everyday conveniences throughout Gresham and East Portland. The surrounding area offers access to parks, schools, and essential services, supporting strong renter retention and reinforcing the Property’s position within a highly livable and desirable residential submarket.

FOR SALE DETAILS

PRICE

$8,850,000 USD

PRICE/SF

$162 USD /SF

# OF UNITS

62

PRICE/UNIT

$142,742

CAP RATE

6.03%

% LEASED

90%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Halsey Summit Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1971

PARKING SPACES

68

LAND DETAILS

LAND ACRES

2.12 AC

LAND SF

92,347 SF

ZONING

MDR24, Portland

APN/PARCEL ID

R223363

ASK ABOUT THIS PROPERTY

Jack StephensHFO Investment Real EstateMore Info
503-241-5541

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

Jack StephensHFO Investment Real EstateMore Info
503-241-5541

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