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330 Dekum Apartments 330 NE Dekum St 34 Unit Apartment Building $5,175,000 ($152,206/Unit) 5.91% Cap Rate Portland, OR 97211
Executive Summary
330 Dekum Apartments presents a rare opportunity to acquire a newer-vintage, 39-unit multifamily community completed in 2022 in Portland’s highly constrained inner Northeast submarket. Offered at a basis well below replacement cost, the Property combines durable new-construction housing stock with a clear path to operational upside through continued lease-up, improved collections, and the ability to capture market rents. The community features modern interior finishes including quartz countertops, stainless steel appliances, LVP flooring, oversized windows, and private balconies or patios, alongside amenities tailored to the urban renter profile such as secured entry, package storage, bike storage, and on-site laundry. Positioned in the heart of the walkable Woodlawn neighborhood, residents enjoy immediate access to popular local dining, retail, and entertainment destinations along the Dekum corridor, as well as the Alberta Arts District and Mississippi Avenue. With convenient connectivity to major employment hubs including Adidas North America Headquarters, Downtown Portland, the Lloyd District, and Portland International Airport via TriMet, MAX Light Rail, and I-5, 330 Dekum is well-positioned to capitalize on continued demand for quality housing in one of Portland’s most supply-constrained infill neighborhoods.
Property Facts
| Price | $5,175,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $152,206 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.16 AC |
| Cap Rate | 5.91% | Building Size | 19,629 SF |
| No. Units | 34 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 2022 |
| Property Subtype | Apartment | ||
| Zoning | CM | ||
| Price | $5,175,000 |
| Price Per Unit | $152,206 |
| Sale Type | Investment |
| Cap Rate | 5.91% |
| No. Units | 34 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.16 AC |
| Building Size | 19,629 SF |
| No. Stories | 4 |
| Year Built | 2022 |
| Zoning | CM |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Disposal
- Heating
- Kitchen
- Refrigerator
- Oven
- Stainless Steel Appliances
- Tub/Shower
- Family Room
- Freezer
- Patio
- Quartz Countertops
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Property Manager on Site
- Bicycle Storage
- Online Services
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 23 | - | 300 - 396 |
| 1+1 | 11 | - | 376 - 429 |
Moderately walkable
60/100
Moderately drivable
70/100
Good public transit
60/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | R243952 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $487,130 |
Property Taxes
Parcel Number
R243952
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$487,130
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