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The Edgemont Apartments 11181-11211 NE Weidler St 84 Unit Apartment Building For Sale Portland, OR 97220



Investment Highlights
- Value-add opportunity with assumable financing at 3.3%
- Excellent proximity to employment centers, retail and everyday amenities
- Well located, market-affordable asset with low property tax basis
- Above-market rent growth over next 24-36 months
Executive Summary
Northmarq is pleased to present the exclusive opportunity to acquire Edgemont, an 84-unit midcentury gem distinguished by its expansive, beautifully landscaped grounds spanning both sides of the street. This unique configuration creates a welcoming gateway into a well-established midcentury neighborhood of single-family homes to the north. The property’s classic architectural character is enhanced by inviting courtyards, a seasonal swimming pool, a dog run, and abundant surface and street parking. The strong exterior identity carries through to the interiors, reinforcing Edgemont’s timeless appeal.
Edgemont offers a well-balanced unit mix consisting of 9 large studios, 55 one-bedroom units, and 20 two-bedroom units. All residences feature large sliding glass doors that open to private patios or balconies with generous overhangs, allowing residents to enjoy these outdoor spaces year-round.
Edgemont offers a well-balanced unit mix consisting of 9 large studios, 55 one-bedroom units, and 20 two-bedroom units. All residences feature large sliding glass doors that open to private patios or balconies with generous overhangs, allowing residents to enjoy these outdoor spaces year-round.
Data Room Click Here to Access
Property Facts
| Sale Type | Investment | Building Size | 84,102 SF |
| No. Units | 84 | Average Occupancy | 98% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1962 |
| Apartment Style | Low-Rise | Parking Ratio | 1/1,000 SF |
| Building Class | C | Cross Streets | ne 112th ave |
| Lot Size | 2.84 AC | ||
| Zoning | R1 | ||
| Sale Type | Investment |
| No. Units | 84 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 2.84 AC |
| Building Size | 84,102 SF |
| Average Occupancy | 98% |
| No. Stories | 2 |
| Year Built | 1962 |
| Parking Ratio | 1/1,000 SF |
| Cross Streets | ne 112th ave |
| Zoning | R1 |
Amenities
Unit Amenities
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Kitchen
- High Speed Internet Access
- Refrigerator
- Oven
- Range
- Tub/Shower
- Patio
Site Amenities
- Courtyard
- Laundry Facilities
- Pool
- Car Wash Area
- Pet Play Area
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 9 | - | 347 - 370 |
| 1+1 | 55 | - | 693 - 697 |
| 2+1 | 20 | - | 882 - 923 |
1 1
Walk Score®
Very Walkable (83)
Bike Score®
Biker's Paradise (94)
Property Taxes
| Parcel Number | R178004 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $2,466,420 |
Property Taxes
Parcel Number
R178004
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$2,466,420
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The Edgemont Apartments | 11181-11211 NE Weidler St
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