6244-6260 N Columbia Way - Apartments FOR SALE


Portland, OR 97203- St Johns
$4,300,000 USD
503-680-4638
6244-6260 N Columbia Way, Portland, OR for Sale
$4,300,000 USD
Apartments - FOR SALE
1/12
null | 7.11% Cap Rate

6244-6260 N Columbia Way
Portland, OR 97203
St Johns


OVERVIEW

Sequoia Glen Apartments is a 26-unit multifamily community ideally located in North Portland. The property enjoys proximity to major employment centers, local schools, and a growing base of restaurants, retail, and community amenities. Easy access to Columbia Boulevard and nearby freeways ensures convenient connectivity to the broader Portland metro area. Property Overview Unit Count: 26 Address: 6244–6260 N Columbia Way, Portland, OR Recent Improvements: New roofs, providing reduced near-term capital needs Occupancy: Historically strong occupancy levels, underscoring consistent tenant demand Investment Highlights Stabilized Operations: Long track record of high occupancy with reliable rent collections. Recent Capital Upgrades: New roofs reduce deferred maintenance risk and enhance long-term asset stability. Demand Drivers: Close proximity to major employers, industrial corridors, and popular restaurants. Neighborhood Appeal: Situated in a well-established Portland submarket with continued demand for workforce housing.

FOR SALE DETAILS

PRICE

$4,300,000 USD

PRICE/SF

$215 USD /SF

# OF UNITS

26

PRICE/UNIT

$165,385

CAP RATE

7.11%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sequoia Glen Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1973

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.85 AC

LAND SF

36,982 SF

ZONING

R1/EG2, Portland

APN/PARCEL ID

R151216,R151220

ASK ABOUT THIS PROPERTY

Grayson PounderPounder Realty LLCMore Info
503-680-4638

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Grayson PounderPounder Realty LLCMore Info
503-680-4638

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