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5205 SE 18th Ave 59 Unit Apartment Building $1,550,000 ($26,271/Unit) Portland, OR 97202
INVESTMENT HIGHLIGHTS
- Popular Sellwood Moreland neighborhood - Two blocks to TriMet MAX Light Rail Station
- Legacy 2019 SDC fees
- Erosion Control measures installed and inspected
- Building permits have been issued
- Site comes with plans, engineering, entitlements & rights
- Ready to start construction immediately
EXECUTIVE SUMMARY
5205 SE 18th Avenue is a 10,000 square foot, 59-unit multifamily development site. Permits have been issued by the City of Portland. 2019 System Development Charge (SDC) fees have been locked in at 2019 SD Crates with a deferral agreement in place. The property comes with all plans, engineering, entitlements, and rights. Construction could start immediately.
PROPERTY FACTS
| Price | $1,550,000 | Building Class | A |
| Price Per Unit | $26,271 | Lot Size | 0.23 AC |
| Sale Type | Investment | Construction Status | Proposed |
| No. Units | 59 | Building Size | 59,000 SF |
| Property Type | Multifamily | No. Stories | 6 |
| Property Subtype | Apartment | Year Built | 2027 |
| Apartment Style | Mid-Rise | ||
| Zoning | RH - Residential High Density | ||
| Price | $1,550,000 |
| Price Per Unit | $26,271 |
| Sale Type | Investment |
| No. Units | 59 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | A |
| Lot Size | 0.23 AC |
| Construction Status | Proposed |
| Building Size | 59,000 SF |
| No. Stories | 6 |
| Year Built | 2027 |
| Zoning | RH - Residential High Density |
Bike Score®
Biker's Paradise (97)
PROPERTY TAXES
| Parcel Number | R181790 | Improvements Assessment | $0 |
| Land Assessment | $162,590 | Total Assessment | $162,590 |
PROPERTY TAXES
Parcel Number
R181790
Land Assessment
$162,590
Improvements Assessment
$0
Total Assessment
$162,590
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5205 SE 18th Ave
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