3037 N Williams Ave - Apartments FOR SALE


Portland, OR 97227- North Eliot
$2,290,000 USD
971-280-2222
3037 N Williams Ave, Portland, OR for Sale
$2,290,000 USD
Apartments - FOR SALE
1/16
null | 6.24% Cap Rate

3037 N Williams Ave
Portland, OR 97227
North Eliot


HIGHLIGHTS

  • Two commercial units, seven residential units
  • Potential billboard income on northbound traffic facing wall
  • 92 Walk Score, 100 Bike Score
  • Below average rents offer updside
  • 7,910 ADT
  • Ample street parking and easy transportation access

OVERVIEW

Mixed-use multifamily asset holds two buildings on a single tax lot comprised of two commercial units and a total of seven apartments. The Rinehart Building on the corner of N. Williams & N. Monroe, includes office and retail storefront suites and five 1bd/1ba apartments on the 2nd level. This historical building underwent complete renovation in 2014. The Monroe Building, a 2014 new build duplex, encompasses a 1bd/1ba & a 2bd/1.5ba apartment with rooftop terrace. The buildings share secure garbage/recycling, storage and bike room access.

FOR SALE DETAILS

PRICE

$2,290,000 USD

PRICE/SF

$171 USD /SF

# OF UNITS

9

PRICE/UNIT

$254,444

CAP RATE

6.24%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Rinehart Building

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1911

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,792 SF

ZONING

CM3

APN/PARCEL ID

R308592

ASK ABOUT THIS PROPERTY

Marissa LeeCommercial Real Estate NWMore Info
971-280-2222

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Marissa LeeCommercial Real Estate NWMore Info
971-280-2222

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