1913 NE 73rd Ave - Apartments FOR SALE


Portland, OR 97213- Madison South
$10,000,000 USD
503-218-4387
1913 NE 73rd Ave, Portland, OR for Sale
$10,000,000 USD
Apartments - FOR SALE
1/27
null | 5.52% Cap Rate

1913 NE 73rd Ave
Portland, OR 97213
Madison South


OVERVIEW

-Directly across from historic Rose City Golf Course -Two Bedroom, One Bath Floorplans -Within 10 minutes of downtown Portland with convenient access to I-84 Freeway -Complete exterior upgrade in 2013/2014 in addition to interior renovation -Additional significant mechanical systems upgrades from 2020-2025 -Proven rent growth w/ additional upside potential -Beautiful courtyard setting, low density product w/ charming mid-century courtyard design

FOR SALE DETAILS

PRICE

$10,000,000 USD

PRICE/SF

$174 USD /SF

# OF UNITS

68

PRICE/UNIT

$147,059

CAP RATE

5.52%

% LEASED

93%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Astoria

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1950

PARKING SPACES

65

LAND DETAILS

LAND ACRES

2.99 AC

LAND SF

130,244 SF

ZONING

RM-1

APN/PARCEL ID

R194040,R194041

ASK ABOUT THIS PROPERTY

Benjamin MurphyCommercial Integrity NWMore Info
503-218-4387

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Benjamin MurphyCommercial Integrity NWMore Info
503-218-4387

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