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Crown Point Apartments 2925 SE 50th Ave 34 Unit Apartment Building $5,125,000 ($150,735/Unit) 6.20% Cap Rate Portland, OR 97206
Executive Summary
Introducing Crown Point Apartments, a 34-unit community located
in the Richmond neighborhood of Portland, Oregon, offering
residents a unique blend of urban convenience and residential
comfort. This well-maintained property features a mix of spacious
unit layouts, including studio, one- and two-bedroom apartments,
catering to a diverse range of lifestyles.
Crown Point boasts compelling interior features like fully equipped
kitchens, spacious living areas, hardwood flooring and energy
efficient heating systems. The apartments are also complemented
by an array of community amenities, including off-street parking, onsite
laundry facilities, and secure bike storage.
With Hawthorne Boulevard, Division Street, and Mt. Tabor Park just
minutes away, residents can enjoy some of the best that Portland
has to offer. Additionally, the property is well-served by public
transportation options, making commuting throughout the city
seamless.
in the Richmond neighborhood of Portland, Oregon, offering
residents a unique blend of urban convenience and residential
comfort. This well-maintained property features a mix of spacious
unit layouts, including studio, one- and two-bedroom apartments,
catering to a diverse range of lifestyles.
Crown Point boasts compelling interior features like fully equipped
kitchens, spacious living areas, hardwood flooring and energy
efficient heating systems. The apartments are also complemented
by an array of community amenities, including off-street parking, onsite
laundry facilities, and secure bike storage.
With Hawthorne Boulevard, Division Street, and Mt. Tabor Park just
minutes away, residents can enjoy some of the best that Portland
has to offer. Additionally, the property is well-served by public
transportation options, making commuting throughout the city
seamless.
Property Facts
| Price | $5,125,000 | Building Class | C |
| Price Per Unit | $150,735 | Lot Size | 0.97 AC |
| Sale Type | Investment | Building Size | 29,180 SF |
| Cap Rate | 6.20% | Average Occupancy | 94% |
| No. Units | 34 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1967 |
| Property Subtype | Apartment | Parking Ratio | 1.04/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R1, Portland | ||
| Price | $5,125,000 |
| Price Per Unit | $150,735 |
| Sale Type | Investment |
| Cap Rate | 6.20% |
| No. Units | 34 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.97 AC |
| Building Size | 29,180 SF |
| Average Occupancy | 94% |
| No. Stories | 2 |
| Year Built | 1967 |
| Parking Ratio | 1.04/1,000 SF |
| Zoning | R1, Portland |
Amenities
Unit Amenities
- Dishwasher
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 2 | - | 625 |
| 1+1 | 6 | - | 860 |
| 2+1 | 17 | - | 1,100 |
| 2+1.5 | 7 | - | 1,250 |
| 3+1.5 | 2 | - | 1,300 |
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Moderately walkable
70/100
Very drivable
80/100
Good public transit
60/100
Moderately bikeable
70/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,206,180 | |
| Land Assessment | $349,860 | Total Assessment | $1,556,040 |
Property Taxes
Parcel Numbers
Land Assessment
$349,860
Improvements Assessment
$1,206,180
Total Assessment
$1,556,040
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Crown Point Apartments | 2925 SE 50th Ave
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