3485 SW 87th Ave - Apartments FOR SALE


Portland, OR 97225- Raleigh Hills
$6,700,000 USD
503-680-4638
3485 SW 87th Ave, Portland, OR for Sale
$6,700,000 USD
Apartments - FOR SALE
1/10
null | 5.42% Cap Rate

3485 SW 87th Ave
Portland, OR 97225
Raleigh Hills


OVERVIEW

The West Slope Apartments is a well-maintained 36-unit multifamily community located in desirable Washington County, offering investors a proven track record of stable operations and long-term ownership since 2007. The property has benefited from significant capital improvements, including new vinyl windows, several new roofs, and all new electrical panels, helping minimize deferred maintenance and support long-term performance. With a strong history of high occupancy and consistent income, West Slope Apartments presents an attractive opportunity in one of the Portland metro area’s most established and resilient rental markets. Listing Broker is partial owner of the property. Please do not disturb residents.

FOR SALE DETAILS

PRICE

$6,700,000 USD

PRICE/SF

$225 USD /SF

# OF UNITS

36

PRICE/UNIT

$186,111

CAP RATE

5.42%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

West Slope Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1965

PARKING SPACES

15

LAND DETAILS

LAND ACRES

1.96 AC

LAND SF

85,378 SF

ZONING

R24, Washington County

APN/PARCEL ID

R0077632,R0077650

ASK ABOUT THIS PROPERTY

Grayson PounderPounder Realty LLCMore Info
503-680-4638

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Grayson PounderPounder Realty LLCMore Info
503-680-4638

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