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Sequoia Glen Apartments 6244-6260 N Columbia Way 26 Unit Apartment Building $4,175,000 ($160,577/Unit) 7.33% Cap Rate Portland, OR 97203
EXECUTIVE SUMMARY
Dutch Auction! Price will be reduced $25,000 each week.
Sequoia Glen Apartments is a 26-unit multifamily community ideally located in North Portland. The property enjoys proximity to major employment centers, local schools, and a growing base of restaurants, retail, and community amenities. Easy access to Columbia Boulevard and nearby freeways ensures convenient connectivity to the broader Portland metro area.
Property Overview
Unit Count: 26
Address: 6244–6260 N Columbia Way, Portland, OR
Recent Improvements: New roofs, providing reduced near-term capital needs
Occupancy: Historically strong occupancy levels, underscoring consistent tenant demand
Investment Highlights
Stabilized Operations: Long track record of high occupancy with reliable rent collections.
Recent Capital Upgrades: New roofs reduce deferred maintenance risk and enhance long-term asset stability.
Demand Drivers: Close proximity to major employers, industrial corridors, and popular restaurants.
Neighborhood Appeal: Situated in a well-established Portland submarket with continued demand for workforce housing.
Sequoia Glen Apartments is a 26-unit multifamily community ideally located in North Portland. The property enjoys proximity to major employment centers, local schools, and a growing base of restaurants, retail, and community amenities. Easy access to Columbia Boulevard and nearby freeways ensures convenient connectivity to the broader Portland metro area.
Property Overview
Unit Count: 26
Address: 6244–6260 N Columbia Way, Portland, OR
Recent Improvements: New roofs, providing reduced near-term capital needs
Occupancy: Historically strong occupancy levels, underscoring consistent tenant demand
Investment Highlights
Stabilized Operations: Long track record of high occupancy with reliable rent collections.
Recent Capital Upgrades: New roofs reduce deferred maintenance risk and enhance long-term asset stability.
Demand Drivers: Close proximity to major employers, industrial corridors, and popular restaurants.
Neighborhood Appeal: Situated in a well-established Portland submarket with continued demand for workforce housing.
PROPERTY FACTS
| Price | $4,175,000 | Apartment Style | Low-Rise |
| Price Per Unit | $160,577 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.85 AC |
| Cap Rate | 7.33% | Building Size | 19,956 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 100% |
| No. Units | 26 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1973 |
| Property Subtype | Apartment | Parking Ratio | 0.96/1,000 SF |
| Zoning | R1/EG2, Portland | ||
| Price | $4,175,000 |
| Price Per Unit | $160,577 |
| Sale Type | Investment |
| Cap Rate | 7.33% |
| Sale Condition | 1031 Exchange |
| No. Units | 26 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.85 AC |
| Building Size | 19,956 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1973 |
| Parking Ratio | 0.96/1,000 SF |
| Zoning | R1/EG2, Portland |
AMENITIES
UNIT AMENITIES
- Balcony
- Cable Ready
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 8 | - | 725 |
| 2+1 | 18 | - | 850 |
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Bike Score®
Very Bikeable (82)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $1,446,290 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,446,290
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Sequoia Glen Apartments | 6244-6260 N Columbia Way
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