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1615 N Willis Blvd
Portland, OR 97217
Willis Rowhouses · Multifamily Property For Sale
·
14 Units
INVESTMENT HIGHLIGHTS
- New Construction
- Easy access to major thoroughfares
- Basement storage allows for an additional income
- Fast lease-up under new management
EXECUTIVE SUMMARY
Brand-new, state-of-the-art 14-unit building in the Kenton neighborhood, offering a variety of unit sizes, from micro studios to two-bedroom penthouses.
The Willis Rowhouses are located in North Portland's Kenton neighborhood, known for its strong sense of community and historic charm. Kenton offers a mix of residential, commercial, and cultural attractions. The neighborhood is well-connected by public transit, with the Yellow MAX line running through it, providing easy access to downtown Portland and other parts of the city. It's also bike-friendly, with several dedicated bike lanes. While predominantly residential, Kenton still has an industrial feel in parts, especially near the Columbia River. This blend of residential and industrial spaces gives the neighborhood a unique edge compared to other parts of Portland.
The Willis Rowhouses are located in North Portland's Kenton neighborhood, known for its strong sense of community and historic charm. Kenton offers a mix of residential, commercial, and cultural attractions. The neighborhood is well-connected by public transit, with the Yellow MAX line running through it, providing easy access to downtown Portland and other parts of the city. It's also bike-friendly, with several dedicated bike lanes. While predominantly residential, Kenton still has an industrial feel in parts, especially near the Columbia River. This blend of residential and industrial spaces gives the neighborhood a unique edge compared to other parts of Portland.
PROPERTY FACTS
| Price Per Unit | $214,286 | Apartment Style | Hi-Rise |
| Sale Type | Investment | Building Class | B |
| Cap Rate | 5% | Lot Size | 0.13 AC |
| No. Units | 14 | Building Size | 6,000 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 2023 |
| Zoning | RM3 | ||
| Price Per Unit | $214,286 |
| Sale Type | Investment |
| Cap Rate | 5% |
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Hi-Rise |
| Building Class | B |
| Lot Size | 0.13 AC |
| Building Size | 6,000 SF |
| No. Stories | 2 |
| Year Built | 2023 |
| Zoning | RM3 |
AMENITIES
UNIT AMENITIES
- Hardwood Floors
- Refrigerator
- Oven
- Family Room
- Island Kitchen
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 13 | - | 431 |
| 2+1 | 1 | - | 890 |
PROPERTY TAXES
| Parcel Number | R196752 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,299,340 |
PROPERTY TAXES
Parcel Number
R196752
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,299,340
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