Shannon Apartments 911 SW 21st Ave 42 Unit Apartment Building $6,100,000 ($145,238/Unit) 5.39% Cap Rate Portland, OR 97205

Introducing Shannon Apartments, a 42-unit apartment community located in the coveted Goose Hollow neighborhood of Portland, OR. Built in 1926, Shannon is a non-URM property that offers studios and one-bedroom apartments, blending the historic charm of vintage built-ins and finishes alongside the nearby conveniences of urban amenities. Shannon Apartments offers desirable amenities including fully equipped kitchens with a dining area, hardwood floors, ceiling fans, built-in storage space, large windows for ample natural light, and on-site laundry facilities.
Residents enjoy unbeatable access to the best of Portland from one of the city’s most walkable and vibrant neighborhoods. Shannon Apartments is situated in a true 15-minute city, where daily needs, recreation, and cultural experiences are all just steps away. The property is minutes from Portland State University and within easy reach of Oregon Health & Science University (OHSU), making it ideal for students, faculty, and medical professionals. A variety of Portland’s top eateries, cafés, and small businesses offer convenient lifestyle options, while Providence Park—home to the Portland Timbers and Thorns—is just a 3-minute walk away. Residents also benefit from quick access to I-405 and reliable TriMet bus and MAX light rail lines, ensuring seamless connectivity throughout the metro area.