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Jefferson Plaza 1515 SW Jefferson St 29 Unit Apartment Building $2,500,000 ($86,207/Unit) 6.57% Cap Rate Portland, OR 97201
Executive Summary
Located in Portland’s historic Goose Hollow neighborhood, this property offers potentially assumable financing at a favorable 4.55% fixed (subject to lender approval).
With a Walk Score of 89, Transit Score of 85, and Bike Score of 82, the location is a true urban hub—just steps from Providence Park, Washington Park, and the Multnomah Athletic Club.
Efficiency-style units present a rare affordable price point in the area, with modest rental upside and recent trade-outs achieving 12.9% rent premiums.
With a Walk Score of 89, Transit Score of 85, and Bike Score of 82, the location is a true urban hub—just steps from Providence Park, Washington Park, and the Multnomah Athletic Club.
Efficiency-style units present a rare affordable price point in the area, with modest rental upside and recent trade-outs achieving 12.9% rent premiums.
Property Facts
| Price | $2,500,000 | Apartment Style | Low-Rise |
| Price Per Unit | $86,207 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.13 AC |
| Cap Rate | 6.57% | Building Size | 19,684 SF |
| No. Units | 29 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built | 1910 |
| Zoning | CXd | ||
| Price | $2,500,000 |
| Price Per Unit | $86,207 |
| Sale Type | Investment |
| Cap Rate | 6.57% |
| No. Units | 29 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 19,684 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built | 1910 |
| Zoning | CXd |
Amenities
Unit Amenities
- Cable Ready
- Heating
- Ceiling Fans
- High Speed Internet Access
- Smoke Free
Site Amenities
- Laundry Service
- Online Services
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 11 | - | 200 - 425 |
| 1+1 | 18 | - | 375 - 581 |
1 1
Walk Score®
Walker's Paradise (96)
Transit Score®
Rider's Paradise (90)
Bike Score®
Biker's Paradise (92)
Property Taxes
| Parcel Number | R326769 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,438,670 |
Property Taxes
Parcel Number
R326769
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,438,670
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Jefferson Plaza | 1515 SW Jefferson St
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