714-716 NW 24th Pl - Apartments FOR SALE


Portland, OR 97210- Uptown Portland
$2,800,000 USD
503-499-0079
714-716 NW 24th Pl, Portland, OR for Sale
$2,800,000 USD
Apartments - FOR SALE
1/33
null | 5.67% Cap Rate

714-716 NW 24th Pl
Portland, OR 97210
Uptown Portland


OVERVIEW

Winthrop Halls represents a rare investment opportunity in Portland’s sought-after Northwest district, featuring two historic apartment buildings with timeless architectural character. Originally built in 1904, the property consists of 13 units across approximately 10,379 rentable square feet on a 0.30-acre site. Recent capital improvements include electrical upgrades, replacement panels, and exterior enhancements, ensuring compliance and reducing future maintenance liability. The community offers large and light-filled floor plans, many with private decks or patios, and amenities such as detached garage parking and secured entry access. Located one block from the thriving NW 23rd Avenue retail corridor, Winthrop Halls provides residents with immediate access to boutique shopping, dining, and entertainment, while downtown Portland and the Pearl District are only minutes away via public transportation. With strong historical integrity, modern upgrades, and a walkable urban location, this property is well-positioned for long-term rent stability and value appreciation.

FOR SALE DETAILS

PRICE

$2,800,000 USD

PRICE/SF

$229 USD /SF

# OF UNITS

13

PRICE/UNIT

$215,385

CAP RATE

5.67%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Winthrop Halls

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1904

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

13,068 SF

ZONING

RM2

APN/PARCEL ID

R198450

ASK ABOUT THIS PROPERTY

Ken VerbeckColliersMore Info
503-499-0079

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Ken VerbeckColliersMore Info
503-499-0079

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