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3727-3755 S Hood Ave
Portland, OR 97239
3727 SW Hood · Multifamily Property For Sale
·
18 Units
Investment Highlights
- Located in High Demand & Desirable South Waterfront Location
- Modern Systems Reducing Deferred Maintenance Risk
- Boutique Scale Asset Appealing to Private Investors & 1031 Buyers
- 2023 Construction | Low Maintenance Asset
- Diverse Unit Mix | 9 Studios & 9 One Bedroom Units
- Modern Systems Reducing Deferred Maintenance Risk
Executive Summary
Invest in your future with this exceptional opportunity to acquire an impressive new 18-unit apartment building crafted by a trusted local builder. Located in the vibrant South Waterfront district, this property offers unparalleled access to Portland's finest dining, coffee shops, and is just moments from downtown and OHSU. Each unit is meticulously designed with high-end finishes and boasts tall ceilings and an open floor plan that bathes the interiors in natural light. Designer tones complement the stylish aesthetic, and select units feature coveted covered patios or balconies for outdoor enjoyment. Inside, custom cabinetry, stainless-steel appliances, and convenient stackable washer/dryer units ensure modern comfort and convenience. Residents will appreciate additional amenities such as bike storage and a dedicated trash area, enhancing the appeal of this prime investment opportunity. Don't miss out on this chance to own a premier apartment complex in one of Portland's most sought-after locations. Two units are currently operated as short term rentals averaging ~$2,300/month each; market rent is estimated at ~$1,300/month if converted to long term tenancy. Buyer to verify all income.
Property Facts
| Price Per Unit | $194,439 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.11 AC |
| Cap Rate | 5.42% | Building Size | 9,695 SF |
| No. Units | 18 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built | 2023 |
| Apartment Style | Mid-Rise | ||
| Zoning | RM3 | ||
| Price Per Unit | $194,439 |
| Sale Type | Investment |
| Cap Rate | 5.42% |
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.11 AC |
| Building Size | 9,695 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built | 2023 |
| Zoning | RM3 |
Amenities
Unit Amenities
- Dishwasher
- Washer/Dryer
- Heating
- Kitchen
- Stainless Steel Appliances
- Tub/Shower
- Double Pane Windows
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 9 | $1,050 | 285 - 385 |
| 1+1 | 9 | $1,760 | 454 - 656 |
Property Taxes
| Parcel Number | R129248 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,707,890 |
Property Taxes
Parcel Number
R129248
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,707,890
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