503-218-4387
9520 SW Greenburg Rd, Tigard, OR for Sale
Apartments - FOR SALE
1/19
null | Request Cap Rate

9520 SW Greenburg Rd
Tigard, OR 97223


HIGHLIGHTS

  • CINW is pleased to present The Gables at Greenburg, a premier multifamily investment opportunity in Tigard, Oregon
  • This Class A, garden-style property was built in 2020 and offers 61 units across a modern 3-story wood-frame design with premium in-unit amenities
  • Located just 10 miles south of Portland with direct freeway access to Hwy 217 and I-5, The Gables benefits from diverse employment base
  • The property is fully stabilized with strong rent growth potential, positioned in a submarket with below-regional vacancy rates

OVERVIEW

Built in 2020 — Class A, Garden Style Construction - Pricing Well Below Replacement Cost (call broker for guidance) 61 Units | 50,103 SF Net Rentable Area | Average Unit Size: 821 SF (~16% larger than existing inventory in the Tigard submarket) 1.53 Acres | 85 Total Parking Spaces (66 Surface + 19 Garage) | Parking Ratio: 1.39 per unit 3-Story Wood Frame | Pitched Composition Asphalt Roof | Hardie Plank Lap Siding 9-Foot Ceilings / Vaulted Top Floor | Double Pane Vinyl Windows | Fully Sprinklered In-Unit Full-Size Washer/Dryer | Deck/Patio | Garage Parking Available I Leasing Office On-Site Direct Freeway Access to Hwy 217 & I-5 — Under 25 Minutes to Downtown Portland & PDX Adjacent to Washington Square Mall — Oregon's Largest Regional Shopping Center Tigard's High-Income Submarket: $108,800 Median Household Income | 38.4% Renter Rate | ~3.2% Vacancy 10.1% Rent Upside Based on Recent Lease Trade-Outs - 95% Occupied — Fully Stabilized Asset Strong Institutional Employment Base: Nike, Intel, Tektronix, Columbia Sportswear, Providence Health Washington Square Mall Redevelopment Underway: 142K SF Dick's House of Sport Opening Fall 2027

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

61

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Greenburg Road Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2020

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.53 AC

LAND SF

66,647 SF

ZONING

MUE-1

APN/PARCEL ID

R0238282

ASK ABOUT THIS PROPERTY

Benjamin MurphyCommercial Integrity NWMore Info
503-218-4387

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Benjamin MurphyCommercial Integrity NWMore Info
503-218-4387

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