1757 NE 162nd Ave - Multi-Family FOR SALE


Portland, OR 97230- Wilkes
$3,750,000 USD
503-730-2596
1757 NE 162nd Ave, Portland, OR for Sale
$3,750,000 USD
Multi-Family - FOR SALE
1/20
null | 6.1% Cap Rate

1757 NE 162nd Ave
Portland, OR 97230
Wilkes


HIGHLIGHTS

  • Original Owner's
  • Thoughtful design and layouts
  • Low-Density
  • 6.1% CAP on actuals, 7% CAP on Proforma

OVERVIEW

First time ever on the market!! The Wellington Heights Estates is a unique 29-unit apartment complex, built in 1979 and located on 2.36 acres. Spanning 23 buildings, the property offers a low-density, home-like setting that is seldom found in the Portland market. The units consist of very spacious 2 and 3 bedrooms, with fireplaces, patios and five double car garages, which are attached to the three bedroom units. The property is 100% occupied, with an historically low vacancy rate. The outer NE Portland market is a very desirable rental market, with lots of major employers in the area. Maximize your portfolio with this never-before-listed-asset.

FOR SALE DETAILS

PRICE

$3,750,000 USD

PRICE/SF

$142 USD /SF

# OF UNITS

29

PRICE/UNIT

$129,310

CAP RATE

6.1%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Wellington Heights Estates

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1979

PARKING SPACES

5

LAND DETAILS

LAND ACRES

2.36 AC

LAND SF

102,802 SF

ZONING

RM1

APN/PARCEL ID

R123537

ASK ABOUT THIS PROPERTY

Michelle MaltaseM Maltase Real Estate Group, LLCMore Info
503-730-2596

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

Michelle MaltaseM Maltase Real Estate Group, LLCMore Info
503-730-2596

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