4534 Dickinson St - Multi-Family FOR SALE


Portland, OR 97219- West Portland Park
$10,300,000 USD
503-936-3495
4534 Dickinson St, Portland, OR for Sale
$10,300,000 USD
Multi-Family - FOR SALE
1/6
null | 3.07% Cap Rate

4534 Dickinson St
Portland, OR 97219
West Portland Park


HIGHLIGHTS

  • Additional Development Potential
  • Close to Community Amenities

OVERVIEW

Dickinson Crossing presents a rare & flexible investment opportunity in SW Portland. The offering includes 43 well-maintained 1- & 2-bedroom units (41,970 sf lot) plus add'l 80,168 SF of raw land on 2 separate tax lot(s). Seller is completing a 3 lot partition to separate the apartments from raw land, allowing for either a partial sale or full property sale. (Partial sale subject to final plat recording). The vacant land is zoned RM1, offering multiple development options, apartments, townhomes, or other middle-housing concepts. Buyers to perform their own due diligence. The existing apartment community has been carefully maintained by long-term ownership, with clean grounds and many long-term renters. Strong demand in this location supports stable occupancy. The property sits directly on a TriMet bus line and minutes from RESTAURANTS - Walter Mitty's, Original Pancake House, The Old Barn, Buster's BBQ, Kuang's, Sushi. FAST FOOD - Dominos, Taco Time, Wendy's, McDonald's. LODGING - Aladdin Inn & Suites, Comfort Suites, All comfort Residential Care. SERVICES - Tri Met Transit Center, Les Schwab Tire Center, Veterinary Hospital, Goodwill Donation. GROCERY - Walgreens, Fred Meyer, Safeway, Barbur Liquor. SCHOOLS - PCC Campus, Markham, Jackson & Wilson, Oregon School of Massage. PARKS - Holly Farm, Dickinson, Spring Garden. GAS - Chevron, Shell. Lot B). 24,515 sf lot for future dev/building along Dickinson St. Lot C). 55,653 sf lot for future dev/building, on SW Comus St. The development potential creates an outstanding opportunity.

FOR SALE DETAILS

PRICE

$10,300,000 USD

PRICE/SF

$353 USD /SF

# OF UNITS

43

PRICE/UNIT

$239,535

CAP RATE

3.07%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dickinson Crossing

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1971

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

R2

APN/PARCEL ID

R290456

ASK ABOUT THIS PROPERTY

Greg WhistlerPremiere Property GroupMore Info
503-936-3495

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Greg WhistlerPremiere Property GroupMore Info
503-936-3495

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