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Koz on Sixteenth 1611 NW Marshall St 80 Unit Apartment Building For Sale Portland, OR 97209
Investment Highlights
- Stabilized asset in a premier urban location
- Unparalleled walkability and urban connectivity
- Irreplaceable infill location in supply-constrained submarket
- The most attainably priced quality community in Northwest Portland
- All-inclusive utility package
- Deep discount to replacement cost
Executive Summary
Cushman & Wakefield is pleased to present KOZ on Sixteenth, an 80-unit studio community at 1611 NW Marshall Street in Portland’s Slabtown / Northwest submarket. The asset offers a rare opportunity to acquire a stabilized property in one of the region’s most walkable, amenity-rich neighborhoods.
KOZ stands out in the competitive set as a well-located, lower-cost option without sacrificing quality. While nearby studios lease for $1,300–$1,600, KOZ achieves approximately $1,175–$1,200, creating a consistent pricing advantage that supports strong occupancy, retention, and demand.
The mid-rise property is designed for Portland’s urban workforce, with efficient layouts and a full amenity package including controlled access, elevator, bike storage, secured parking, onsite laundry, courtyard space, and internet included in rent.
Currently ~95% occupied (as of March 2026), the asset provides immediate cash flow with additional upside tied to continued rent growth in a supply-constrained submarket. KOZ on Sixteenth offers a combination of stable income, limited new competition, and durable renter demand, appealing to a wide range of investors seeking long-term performance in a core Portland location
KOZ stands out in the competitive set as a well-located, lower-cost option without sacrificing quality. While nearby studios lease for $1,300–$1,600, KOZ achieves approximately $1,175–$1,200, creating a consistent pricing advantage that supports strong occupancy, retention, and demand.
The mid-rise property is designed for Portland’s urban workforce, with efficient layouts and a full amenity package including controlled access, elevator, bike storage, secured parking, onsite laundry, courtyard space, and internet included in rent.
Currently ~95% occupied (as of March 2026), the asset provides immediate cash flow with additional upside tied to continued rent growth in a supply-constrained submarket. KOZ on Sixteenth offers a combination of stable income, limited new competition, and durable renter demand, appealing to a wide range of investors seeking long-term performance in a core Portland location
Property Facts
| Sale Type | Investment | Lot Size | 0.22 AC |
| No. Units | 80 | Building Size | 45,793 SF |
| Property Type | Multifamily | Average Occupancy | 95% |
| Property Subtype | Apartment | No. Stories | 6 |
| Apartment Style | Mid-Rise | Year Built | 2020 |
| Building Class | B | Parking Ratio | 0.14/1,000 SF |
| Zoning | EX - CM3 - Commercial Mixed-Use 3 (City of Portland) | ||
| Sale Type | Investment |
| No. Units | 80 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.22 AC |
| Building Size | 45,793 SF |
| Average Occupancy | 95% |
| No. Stories | 6 |
| Year Built | 2020 |
| Parking Ratio | 0.14/1,000 SF |
| Zoning | EX - CM3 - Commercial Mixed-Use 3 (City of Portland) |
Amenities
Unit Amenities
- Air Conditioning
- Microwave
- Refrigerator
- Grill
- Smoke Free
- Vinyl Flooring
- Window Coverings
Site Amenities
- 24 Hour Access
- Controlled Access
- Roof Terrace
- Elevator
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 80 | $1,082 | 216 - 337 |
Exceptionally walkable
100/100
Fairly drivable
50/100
Good public transit
70/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | R140977 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $6,177,900 |
Property Taxes
Parcel Number
R140977
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$6,177,900
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Koz on Sixteenth | 1611 NW Marshall St
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