• Broker Greg Burpee 5032272500
  • Broker Cooper Collins 5037293253

Goose Hollow Apartments 1105 SW 18th Ave 9 Unit Apartment Building $2,500,000 ($277,778/Unit) 3.51% Cap Rate Portland, OR 97205

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INVESTMENT HIGHLIGHTS

  • The property is zoned RM4 allowing for high density residential development, which makes this an attractive future redevelopment opportunity.

EXECUTIVE SUMMARY

Rare opportunity to acquire three-building apartment complex in the highly desirable Goose Hollow Submarket. The subject buildings are located on one tax lot and consist of one six-unit apartment building, one duplex, and one single-family residence. All nine units are 100% leased at under market rents, providing an investor an attractive opportunity to improve the rents.

ATTACHMENTS

1814-1820 SW Main St & 1105 SW 18th Ave | Sale Brochure

PROPERTY FACTS

Price $2,500,000
Price Per Unit $277,778
Sale Type Investment
Cap Rate 3.51%
No. Units 9
Property Type Multifamily
Property Subtype Apartment
Apartment Style Townhome
Building Class C
Lot Size 0.13 AC
Building Size 8,291 SF
No. Stories 2
Year Built 1902
Zoning RM4
Walk Score®
Walker's Paradise (94)
Transit Score®
Excellent Transit (87)
Bike Score®
Very Bikeable (88)

TRANSPORTATION

COMMUTER RAIL
Exeter
Amtrak
 39 min drive 29.8 mi
Haverhill
57 min drive 32.4 mi
Bradford
58 min drive 32.8 mi
Lawrence
52 min drive 31.4 mi
Durham
Amtrak
 51 min drive 36.3 mi

airplane iconAIRPORT
Manchester Boston Regional
21 min drive 11.0 mi
Portsmouth International at Pease
62 min drive 42.5 mi

PROPERTY TAXES

Parcel Number R105770 Improvements Assessment $0
Land Assessment $0 Total Assessment $625,410

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ADDITIONAL PHOTOS

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