5042 NE Fremont St - Apartments FOR SALE


Portland, OR 97213- Rose City Park
$3,150,000 USD
503-201-8537
5042 NE Fremont St, Portland, OR for Sale
$3,150,000 USD
Apartments - FOR SALE
1/19
null | 5.14% Cap Rate

5042 NE Fremont St
Portland, OR 97213
Rose City Park


HIGHLIGHTS

  • Low maintenance, turnkey investment, built in 2023
  • Walk-up style exterior corridors minimize indoor common areas
  • Excellent location on NE Fremont

OVERVIEW

Well-located mixed-use investment property features 10 one-bedroom, one-bathroom apartment units and one ground-floor retail suite along NE Fremont Street in Portland’s desirable Beaumont Village neighborhood. Efficient walk-up configuration, minimizing interior common areas and helping reduce ongoing maintenance and operating requirements. Low-maintenance asset built in 2023 with limited near-term capital needs in a desirable Northeast Portland location with favorable long-term fundamentals.

FOR SALE DETAILS

PRICE

$3,150,000 USD

PRICE/SF

$586 USD /SF

# OF UNITS

10

PRICE/UNIT

$315,000

CAP RATE

5.14%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Fremont 50

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2023

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

3,920 SF

ZONING

CM1

APN/PARCEL ID

R260890

ASK ABOUT THIS PROPERTY

Daniel SilveyKnipe RealtyMore Info
503-201-8537

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Daniel SilveyKnipe RealtyMore Info
503-201-8537

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