• 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 (85)
Bike Score®
Very Bikeable (88)

PROPERTY TAXES

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

MAP

ADDITIONAL PHOTOS

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