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1420 NW Lovejoy St
Portland, OR 97209
Marshall Wells Loft · Multifamily Property For Sale · 164 Units

INVESTMENT HIGHLIGHTS

  • 5,729 Rentable SF across Four street level retail condo units
  • Turnkey restaurant space with a grease trap and type I hood
  • Excellent demographics with high average income and daytime populations
  • Two highly visible corner units and 200 feet of street frontage
  • Two long term tenants and opportunity for new leases or Owner/User options
  • Portland Street Car adjacent with nearest stop just one half block away

EXECUTIVE SUMMARY

The Marshall Wells Building is 7 stories containing 164 residential loft condominium units and 4 ground level commercial condominium units. The building was originally built in 1910 for the Marshall Wells Hardware Company and converted to loft condos in 2003. The building is on the historic register and features Douglas Fir timber framing along with an elevated water tank on the NW corner of the building, one of only four remaining water towers in the Pearl District.

PROPERTY FACTS

No. Units 164
Property Type Multifamily
Property Subtype Apartment
Apartment Style Mid-Rise
Building Class B
Lot Size 0.72 AC
Building Size 250,000 SF
No. Stories 7
Year Built/Renovated 1910/2003
Parking Ratio 0.64/1,000 SF
No. Drive In / Grade-Level Doors 10
APN / Parcel ID
R530007
  • R530008
  • R530009
  • R530010
  • R530031
  • R530033
  • R530042
  • R530047
  • R530055
  • R530057
  • R530062
  • R530092
  • R530099
  • R530101
  • R530122
  • R530128
  • R530139
  • R530158
Zoning EX - Central Employment

AMENITIES

UNIT AMENITIES

  • Dishwasher
  • Disposal
  • Microwave
  • Washer/Dryer
  • Double Vanities
  • Refrigerator
  • Stainless Steel Appliances
  • Island Kitchen

SITE AMENITIES

  • Courtyard
  • Fitness Center
  • Storage Space
  • Elevator

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
Studios 164 - -
  • Listing ID: 28020557

  • Date on Market: 3/20/2023

  • Last Updated:

  • Address: 1420 NW Lovejoy St, Portland, OR 97209

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