2455 NW Quimby St - Apartments FOR SALE


Portland, OR 97210- Uptown Portland
$1,870,000 USD
503-241-5541
2455 NW Quimby St, Portland, OR for Sale
$1,870,000 USD
Apartments - FOR SALE
1/17
null | 4.28% Cap Rate

2455 NW Quimby St
Portland, OR 97210
Uptown Portland


OVERVIEW

Introducing Westview Apartments, a 17-unit apartment community located in Portland’s Northwest District, one of the city’s most established rental neighborhoods. Built in 1924, the property features studio floor plans that blend the historic charm of vintage built-ins and finishes alongside the nearby conveniences of urban amenities. Westview offers desirable amenities including fully equipped kitchens with ample storage, hardwood flooring, large windows for ample natural light, on-site laundry facilities, and available basement storage. Situated just one block north of NW 23rd Avenue, a popular retail corridor in NW Portland, Westview Apartments provides tenants with immediate access to neighborhood retail, grocery stores, and transit connections. The Northwest District continues to attract strong and steady rental demand due to its central location and high livability. With limited new development in the area and relatively high barriers to entry, Westview is an opportunity for investors seeking a well-located, income producing asset in one of Portland’s most desirable neighborhoods.

FOR SALE DETAILS

PRICE

$1,870,000 USD

PRICE/SF

$193 USD /SF

# OF UNITS

17

PRICE/UNIT

$110,000

CAP RATE

4.28%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Westview Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1926

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,887 SF

ZONING

R2

APN/PARCEL ID

R171402

ASK ABOUT THIS PROPERTY

Gregory FrickHFO Investment Real EstateMore Info
503-241-5541

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Gregory FrickHFO Investment Real EstateMore Info
503-241-5541

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