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4383 N Vancouver Ave 10 Unit Apartment Building $3,600,000 ($360,000/Unit) Portland, OR 97217
INVESTMENT HIGHLIGHTS
- 3-Story Townhomes with Lockable Lower Studio Unit with Separate Entrance
- Large 3 Bed/3.5 Bath Units
- Finished in March 2025
- Separate Metered for Water/Sewer and Electric
- Sprinkled Units
- 2 Separate Parcels for Flexible Exit Plan
EXECUTIVE SUMMARY
Discover the epitome of city living in this exclusive collection of 10 multifunctional townhomes, nestled in the vibrant heart of the Williams district in Portland, Oregon, on N Vancouver Ave. Each meticulously designed unit offers the versatility of a 3 bedroom, 3.5 bath layout, with the unique feature of two fully equipped kitchens, allowing the option to transform into 20 individual units by securely locking off the lower studio sections. Spanning 3 levels, these homes boast 1,668 square feet of modern living space, tailored for those who appreciate the finesse of urban architecture combined with the comfort of suburban amenities. The main living area, bathed in natural light, features an open-concept design, high ceilings, and contemporary finishes, creating an inviting atmosphere perfect for entertaining or relaxation.
Spanning 3 levels, these homes boast 1,668 square feet of modern living space, tailored for those who appreciate the finesse of urban architecture combined with the comfort of suburban amenities. The main living area, bathed in natural light, features an open-concept design, high ceilings, and contemporary finishes, creating an inviting atmosphere perfect for entertaining or relaxation.
The upper levels house the primary suite and additional bedrooms, each with ensuite bathrooms, providing privacy and convenience. The lower level, accessible via a common or separate entrance, unveils a self-contained studio space, complete with a kitchen, full bathroom, and living area, ideal for guests, intergenerational living, a home office, or rental opportunities. These homes are equipped with new black appliances, mini-splits and cadet heat, outdoor living spaces, including private decks and shared green areas, offer serene settings for leisure and social gatherings.
Located in the sought-after Williams District neighborhood of Portland, residents will enjoy easy access to local shops, cafes, restaurants, grocery stores, and parks, with excellent transport links to downtown and beyond. Tenants will have easy access to Legacy Emmanuel and Randall Children’s hospitals as well as downtown Portland and inner SE and NE Portland. This unique property development redefines multifamily living, offering flexibility, luxury, and a prime urban location. Being on separate tax lots, a new investor could sell off a building or add a condo plat and sell units individually as an exit plan.
Spanning 3 levels, these homes boast 1,668 square feet of modern living space, tailored for those who appreciate the finesse of urban architecture combined with the comfort of suburban amenities. The main living area, bathed in natural light, features an open-concept design, high ceilings, and contemporary finishes, creating an inviting atmosphere perfect for entertaining or relaxation.
The upper levels house the primary suite and additional bedrooms, each with ensuite bathrooms, providing privacy and convenience. The lower level, accessible via a common or separate entrance, unveils a self-contained studio space, complete with a kitchen, full bathroom, and living area, ideal for guests, intergenerational living, a home office, or rental opportunities. These homes are equipped with new black appliances, mini-splits and cadet heat, outdoor living spaces, including private decks and shared green areas, offer serene settings for leisure and social gatherings.
Located in the sought-after Williams District neighborhood of Portland, residents will enjoy easy access to local shops, cafes, restaurants, grocery stores, and parks, with excellent transport links to downtown and beyond. Tenants will have easy access to Legacy Emmanuel and Randall Children’s hospitals as well as downtown Portland and inner SE and NE Portland. This unique property development redefines multifamily living, offering flexibility, luxury, and a prime urban location. Being on separate tax lots, a new investor could sell off a building or add a condo plat and sell units individually as an exit plan.
PROPERTY FACTS
| Price | $3,600,000 | Apartment Style | Low-Rise |
| Price Per Unit | $360,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.23 AC |
| No. Units | 10 | Building Size | 10,000 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 2025 |
| Zoning | R1A | ||
| Price | $3,600,000 |
| Price Per Unit | $360,000 |
| Sale Type | Investment |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 10,000 SF |
| No. Stories | 2 |
| Year Built | 2025 |
| Zoning | R1A |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+3.5 | 10 | - | 1,521 |
Walk Score®
Very Walkable (84)
Bike Score®
Biker's Paradise (99)
PROPERTY TAXES
| Parcel Number | R308864 | Improvements Assessment | $276,160 |
| Land Assessment | $840,650 | Total Assessment | $1,116,810 |
PROPERTY TAXES
Parcel Number
R308864
Land Assessment
$840,650
Improvements Assessment
$276,160
Total Assessment
$1,116,810
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4383 N Vancouver Ave
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