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Executive Summary

Price Reduction!
20 unit apartment community is desirable SW Portland. Property has a long history of high occupancy and benefits from is close proximity to shopping and restaurants in Hillsdale. Amenities include 8 garages and washer/dryer hookups in all units. Many units have updated flooring, but additional upgrades would yield higher rent.

Property Facts

Price $3,800,000
Price Per Unit $190,000
Sale Type Investment
Cap Rate 5.93%
No. Units 20
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.91 AC
Building Size 18,696 SF
Average Occupancy 100%
No. Stories 3
Year Built 1993
Parking Ratio 1.35/1,000 SF
Zoning R2, Portland

Amenities

Unit Amenities

  • Air Conditioning
  • Balcony
  • Dishwasher
  • Disposal
  • Storage Space
  • Washer/Dryer
  • Deck
  • Dining Room
  • Patio

Site Amenities

  • 24 Hour Access
  • Tenant Controlled HVAC
  • Smoke Free
  • Trash Pickup - Curbside
  • Walk-Up
  • Smoke Detector

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 10 $1,295 650
2+2 10 $1,510 800
Fairly walkable
40/100
Exceptionally drivable
100/100
Some public transit
40/100
Fairly bikeable
40/100

Property Taxes

Property Taxes

Parcel Number
R169305
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,992,570
  • Listing ID: 36190366

  • Date on Market: 6/10/2025

  • Last Updated:

  • Address: 4004-4050 SW Beaverton Hillsdale Hwy, Portland, OR 97221

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