434 SW College St | Portland, OR 97201
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- LoopNet Team
434 SW College St
Portland, OR 97201
MW8 · Multifamily Property For Sale
·
54 Units
INVESTMENT HIGHLIGHTS
- 54-unit, 143-bed community with a mix of studio, one-, two-, three-, and four-bed units built in 2014 located in Portland, Oregon
- The university contributes $1.8 billion every year to Portland’s economy and supplies the city’s workforce with thousands of graduates.
- The property currently offers short-term leases. An incoming investor could increase the length of the short-term leases and/or further occupy MW8.
- MW8 is less than 30 steps from Portland State University (PSU).
- Portland’s tech sector is booming in 2025, with a remarkable 15.5% growth rate and companies like Amazon and Intel fueling a dynamic job market.
- MW8 offers amenities to its residents including an outdoor lounge, arcade room, communal study spaces, bike storage, and access to public transport.
PROPERTY FACTS
| No. Units | 54 | Lot Size | 0.20 AC |
| Property Type | Multifamily | Building Size | 41,358 SF |
| Property Subtype | Apartment | Average Occupancy | 91% |
| Apartment Style | Mid-Rise | No. Stories | 8 |
| Building Class | B | Year Built | 2014 |
| Zoning | RXD | ||
| No. Units | 54 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.20 AC |
| Building Size | 41,358 SF |
| Average Occupancy | 91% |
| No. Stories | 8 |
| Year Built | 2014 |
| Zoning | RXD |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Microwave
- Washer/Dryer
- Kitchen
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Views
- Deck
- Patio
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Property Manager on Site
- Furnished Units Available
- On-Site Retail
- Walking/Biking Trails
- Bicycle Storage
- Public Transportation
- Walk To Campus
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 1 | - | 459 |
| 1+1 | 3 | - | 486 |
| 2+1 | 4 | - | 627 |
| 2+2 | 21 | - | 656 |
| 3+2 | 11 | - | 931 |
| 4+2 | 14 | - | 925 |
PROPERTY TAXES
| Parcel Number | R246240 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $10,236,890 |
PROPERTY TAXES
Parcel Number
R246240
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$10,236,890
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