513-750-0351
434 SW College St, Portland, OR for Sale
Apartments - FOR SALE
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434 SW College St
Portland, OR 97201
Park Blocks


HIGHLIGHTS

  • 54-unit, 143-bed community with a mix of studio, one-, two-, three-, and four-bed units built in 2014 located in Portland, Oregon
  • MW8 is less than 30 steps from Portland State University (PSU).
  • The university contributes $1.8 billion every year to Portland’s economy and supplies the city’s workforce with thousands of graduates.
  • Portland’s tech sector is booming in 2025, with a remarkable 15.5% growth rate and companies like Amazon and Intel fueling a dynamic job market.
  • The property currently offers  short-term leases. An incoming investor could increase the length of the short-term leases and/or further occupy MW8. 
  • MW8 offers amenities to its residents including an outdoor lounge, arcade room, communal study spaces, bike storage, and access to public transport.

OVERVIEW

This offering represents the opportunity to acquire a student housing community in Portland, Oregon, pedestrian to Portland State University. MW8 is a 54-unit, 143-bed community with a mix of studio, one-, two-, three-, and four-bed units built in 2014.  MW8 sits less than 30 steps away from Portland State University’s campus. Students are drawn to PSU for its programs in urban and public affairs as well as post-graduation opportunities in the Portland area. Portland’s economy is booming with companies like Amazon and Intel fueling a dynamic job market. Long-term forecasts predict a population of 2.5 million by 2060 in the greater metro area. An incoming investor has the opportunity to add value by improving operational efficiencies at MW8. This includes but is not limited to increasing the length of short-term leases and further occupying the property. MW8 offers amenities to its residents including an outdoor lounge, arcade room, communal study spaces, bike storage, and easy access to public transport. This offering represents 100 percent fee-simple interest in MW8, free and clear of any debt.

FOR SALE DETAILS

PRICE

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# OF UNITS

54

CAP RATE

Request Cap Rate

% LEASED

90%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

MW8

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

8

YEAR BUILT

2014

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,712 SF

ZONING

RXD

APN/PARCEL ID

R246240

ASK ABOUT THIS PROPERTY

Patrick MullowneyFranklin StreetMore Info
513-750-0351

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Patrick MullowneyFranklin StreetMore Info
513-750-0351

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