522 N Adair St - Apartments FOR SALE


Cornelius, OR 97113
$3,800,000 USD
503-241-5541
522 N Adair St, Cornelius, OR for Sale
$3,800,000 USD
Apartments - FOR SALE
1/12
null | 6% Cap Rate

522 N Adair St
Cornelius, OR 97113


OVERVIEW

Introducing Midland Manor, 27 units located in Cornelius, Oregon, a suburban community in Washington County just west of Hillsboro and approximately 25 miles from downtown Portland. Midland Manor offers one-, two-, and three-bedroom units with spacious floorplans. Amenities include fully equipped kitchens with stainless steel appliances, undermount sinks, and dishwashers as well as hardwood-style floors, ceiling fans, patio spaces, washer & dryer hookups, on-site laundry, and off-street parking. Positioned along North Adair Street near Highway 8, the property offers direct access to regional employment centers while maintaining a quiet, residential feel. Residents enjoy walkable proximity to key retail amenities, including Fred Meyer, Walmart, and local restaurants, as well as nearby schools, parks, and transit connections, improving convenience and quality of life for families and working professionals. Cornelius is part of the fast-growing Tualatin Valley and benefits from proximity to Forest Grove and Pacific University to the west, and Hillsboro’s high-tech employment base to the east.

FOR SALE DETAILS

PRICE

$3,800,000 USD

PRICE/SF

$300 USD /SF

# OF UNITS

27

PRICE/UNIT

$140,741

CAP RATE

6%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Midland Manor

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1961

PARKING SPACES

35

LAND DETAILS

LAND ACRES

2.37 AC

LAND SF

103,237 SF

ZONING

N/Av

APN/PARCEL ID

R0751485,R0751528,R0751537

ASK ABOUT THIS PROPERTY

William ThompsonHFO Investment Real EstateMore Info
503-241-5541

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William ThompsonHFO Investment Real EstateMore Info
503-241-5541

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