5402-5416 NE 15th Ave - Apartments FOR SALE


Portland, OR 97211- Vernon
$1,430,000 USD
503-241-5541
5402-5416 NE 15th Ave, Portland, OR for Sale
$1,430,000 USD
Apartments - FOR SALE
1/10
null | 6.18% Cap Rate

5402-5416 NE 15th Ave
Portland, OR 97211
Vernon


OVERVIEW

Introducing 15th Avenue Apartments—a 9-unit multifamily investment opportunity in Portland’s desirable Vernon Neighborhood. This well-maintained property offers a mix of studio and one-bedroom apartments, each featuring hardwood flooring, fully equipped kitchens, and spacious closets. Residents benefit from shared community amenities including ample off-street parking, on-site laundry facilities, and a shared outdoor space complete with a firepit. Strategically located in vibrant North Portland, 15th Avenue Apartments is situated off NE Killingsworth St, a major corridor well-served by public transportation with a myriad of retail and dining options. The property is only minutes from the high-end local grocer New Seasons Market — a significant neighborhood hub for families throughout North Portland. According to a recent Article on Eater, of the top 38 restaurants in the city, 9 are within walking distance of the property, 3 of which are within 3 blocks. 15th Avenue Apartments is also just a five-minute drive from Portland Community College, serving over 50,000 students across the city.

FOR SALE DETAILS

PRICE

$1,430,000 USD

PRICE/SF

$342 USD /SF

# OF UNITS

9

PRICE/UNIT

$158,889

CAP RATE

6.18%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

15th Avenue Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1956

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,019 SF

ZONING

R-1

APN/PARCEL ID

R294856

ASK ABOUT THIS PROPERTY

Jack StephensHFO Investment Real EstateMore Info
503-241-5541

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Jack StephensHFO Investment Real EstateMore Info
503-241-5541

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