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Westview Apartments 2455 NW Quimby St 17 Unit Apartment Building $1,870,000 ($110,000/Unit) 4.28% Cap Rate Portland, OR 97210
EXECUTIVE SUMMARY
Introducing Westview Apartments, a 17-unit apartment community
located in Portland’s Northwest District, one of the city’s most
established rental neighborhoods. Built in 1924, the property features
studio floor plans that blend the historic charm of vintage built-ins
and finishes alongside the nearby conveniences of urban amenities.
Westview offers desirable amenities including fully equipped kitchens
with ample storage, hardwood flooring, large windows for ample natural
light, on-site laundry facilities, and available basement storage.
Situated just one block north of NW 23rd Avenue, a popular retail
corridor in NW Portland, Westview Apartments provides tenants with
immediate access to neighborhood retail, grocery stores, and transit
connections. The Northwest District continues to attract strong and
steady rental demand due to its central location and high livability. With
limited new development in the area and relatively high barriers to entry,
Westview is an opportunity for investors seeking a well-located, income producing
asset in one of Portland’s most desirable neighborhoods.
located in Portland’s Northwest District, one of the city’s most
established rental neighborhoods. Built in 1924, the property features
studio floor plans that blend the historic charm of vintage built-ins
and finishes alongside the nearby conveniences of urban amenities.
Westview offers desirable amenities including fully equipped kitchens
with ample storage, hardwood flooring, large windows for ample natural
light, on-site laundry facilities, and available basement storage.
Situated just one block north of NW 23rd Avenue, a popular retail
corridor in NW Portland, Westview Apartments provides tenants with
immediate access to neighborhood retail, grocery stores, and transit
connections. The Northwest District continues to attract strong and
steady rental demand due to its central location and high livability. With
limited new development in the area and relatively high barriers to entry,
Westview is an opportunity for investors seeking a well-located, income producing
asset in one of Portland’s most desirable neighborhoods.
PROPERTY FACTS
| Price | $1,870,000 | Apartment Style | Low-Rise |
| Price Per Unit | $110,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.11 AC |
| Cap Rate | 4.28% | Building Size | 9,705 SF |
| No. Units | 17 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1926 |
| Property Subtype | Apartment | ||
| Zoning | R2 | ||
| Price | $1,870,000 |
| Price Per Unit | $110,000 |
| Sale Type | Investment |
| Cap Rate | 4.28% |
| No. Units | 17 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 9,705 SF |
| No. Stories | 3 |
| Year Built | 1926 |
| Zoning | R2 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Storage Space
- Washer/Dryer
- Kitchen
- Hardwood Floors
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Vintage Building
- Walking/Biking Trails
- Storage Space
- Public Transportation
- Walk-Up
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 17 | - | 441 |
1 1
Walk Score®
Walker's Paradise (96)
Bike Score®
Biker's Paradise (93)
PROPERTY TAXES
| Parcel Number | R171402 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $871,200 |
PROPERTY TAXES
Parcel Number
R171402
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$871,200
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Westview Apartments | 2455 NW Quimby St
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