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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
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
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 | - | - |
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