• Premier Northwest Portland Investment Opportunity – A rare opportunity to acquire a distinctive vintage asset at an attractive going-in basis within one of the Portland MSA’s most established urban submarkets.
• Diverse & Appealing Unit Mix – A mix of studios, one-bedroom and two-bedroom residences featuring efficient, functional floor plans well suited to urban living and the Northwest Portland renter profile.
• Rare Commercial Component – Substantial commercial garage provides additional income potential and future flexibility for commercial use, owner/user occupancy or potential residential amenities.
• Stabilized Operations & Strong Occupancy – Established residential operations provide stable in-place performance with additional upside available to future ownership.
• Embedded Value-Add Opportunity – Potential to enhance operating income through organic rent growth, improved operating efficiencies and implementation of utility reimbursement.
• Well-Maintained by Long-Term Ownership – Significant capital investment has addressed numerous major building systems and physical components.
• Distinctive Vintage Character – Hardwood floors, original built-ins, crown molding, tiled bathrooms and large windows preserve the character of classic Portland apartment housing.
• Courtyard Setting & Outdoor Common Area – A distinctive residential environment offering valuable outdoor space within a dense urban neighborhood.
• Highly Walkable Location – Immediate access to NW 21st Avenue, neighborhood restaurants, cafés, shopping, recreation and public transportation.