3560 SW Vista Dr - Apartments FOR SALE


Portland, OR 97225- Cedar Hills
$3,585,000 USD
503-593-9707
3560 SW Vista Dr, Portland, OR for Sale
$3,585,000 USD
Apartments - FOR SALE
1/25
null | 6.52% Cap Rate

3560 SW Vista Dr
Portland, OR 97225
Cedar Hills


OVERVIEW

Vista Hills Apartments is a 25-unit multifamily community located in the highly desirable Vista Hills neighborhood of Southwest Portland, within unincorporated Washington County. Situated on a 1.03-acre site at 3560 SW Vista Drive, the property offers convenient access to Downtown Portland, Beaverton, Highway 26, and the major employment centers of the Sunset Corridor. The surrounding area benefits from strong household incomes, quality schools, established residential neighborhoods, and limited multifamily inventory, supporting long-term renter demand. Constructed in 1964, Vista Hills features an attractive unit mix of eight one-bedroom units, thirteen two-bedroom units, and four three-bedroom units. Seventeen of the property's twenty-five units (68%) are two-bedroom or three-bedroom floor plans, providing housing options that remain increasingly difficult to develop and highly attractive to long-term residents. Residents benefit from a variety of desirable amenities, including in-unit washer/dryers in nearly all two-bedroom units and all three-bedroom units, dedicated tenant storage lockers, a maintenance/shop area, ample off-street parking, and approximately 1,000 square feet of basement storage and utility space. The property has been professionally operated and offers investors a clear path to future income growth through continued lease-up, rent optimization, and the implementation of a utility reimbursement program (RUBS), which is not currently in place. At the asking price of $3,585,000, Vista Hills Apartments offers investors the opportunity to acquire a well-located westside Portland apartment community with strong in-place cash flow, significant family-oriented housing appeal, operational upside, and long-term appreciation potential within one of the metro area's most established residential neighborhoods.

FOR SALE DETAILS

PRICE

$3,585,000 USD

PRICE/SF

$123 USD /SF

# OF UNITS

25

PRICE/UNIT

$143,400

CAP RATE

6.52%

% LEASED

92%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Vista Hills Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1964

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.03 AC

LAND SF

44,867 SF

ZONING

R24, Washington County

APN/PARCEL ID

R0075082

ASK ABOUT THIS PROPERTY

Phillip BarryBarry Investment Real EstateMore Info
503-593-9707

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Phillip BarryBarry Investment Real EstateMore Info
503-593-9707

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