726 SW 11th Ave
Portland, OR 97205
The Arthur · Multifamily Property For Sale · 50 Units

$500k PRICE REDUCTION. Priced below recent appraisal! The Arthur represents a rare opportunity for an investor to purchase a turn-key, core-located and substantially renovated landmark vintage apartment building in one of the Nation' s top performing rental markets. The property has 39 studios with kitchenettes and 11 studios with full kitchens. Each unit has its own bathroom. The building has been meticulously restored with nearly $5 million in improvements over the last 8 years. All new plumbing, electrical, fire sprinklers, high-speed internet, a new seismically upgraded roof and additional structural retrofits are just some of the improvements that bring The Arthur into the 21st century. While currently operated as a market rate apartment complex, The Arthur has potential to be converted into a boutique hotel or hostel. The Arthur presents an opportunity for an investor to stake their claim in Portland's core with the acquisition of one of its historic treasures. With a walk score of 100, a rider score of 95, and a bike score of 92, The Arthur' s location in Portland' s thriving West-End is ideal for tenants to access the wide variety of restaurants, bars, cafes, and nationally recognized retail that surround it. The Arthur has unparalleled access to all major transportation corridors. Portland' s Street Car and TriMet Light Rail lines are on all four sides of the block and it is two blocks from Director's Park, next door to the Multnomah County Central Library, and a City Target retail store. The Arthur is also located close to two of Oregon' s largest and expanding educational institutions, Portland State University and Oregon Health & Science University. Downtown Portland' s Central Business District has over 110,000 employers, numerous restaurants, high-end and local shopping options, hotels, museums, and urban parks.