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Greeley Apartments PDX
New-Construction Multifamily | 14 Market-Rate Units | 100% Leased | Portland OR
Listing Contacts
See All (3)
License: WA 25460, OR 200403266
License: WA, OR 201212905
Active
Asking Price: $3,300,000
Address
5880 N Greeley Ave, Portland, OR 97217
Show on MapDate Added
Feb 10, 2023
Days on Market
767 days
Time Since Last Update
74 days
Details
Property TypeMultifamily
SubtypeApartment Building
ClassA
Square Footage7,249
Net Rentable (sq ft)5,944
Price/Sq Ft$455.24
Pro-Forma Cap Rate5.01%
Pro-Forma NOI$165,436
Units14
Year Built2023
Buildings1
Stories3
Lot Size (sq ft)4,900
Price/Unit$235,714.29
Marketing Description
New-Construction Apartment Building in North Portland
14 Market-Rate Units • 100% Leased • Near Adidas HQ
Sale Price: $3,300,000 ($235,714 / Unit)
Proforma NOI: $165,436
Proforma CAP: 5.01%
Units: 14 Market-Rate Units
Leaseup: 100% Leased
Construction Date: 2023
Building Gross Area: 7,249 SF
Building Rentable Area: 5,944 SF
Investment Highlights
Property Features:
• New-Construction Multifamily Investment in North Portland
• 14 Market-Rate Units with Studio & 1 Bedroom Unit Mix
• 5,944 Rentable SF, Currently 100% Leased
• Modern Finishes, Mini Split Air, Quartz Countertops, Private Patios / Balconies, In-Unit W/D
• Landlord not currently charging RUBS to Tenants
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Property History
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Due Diligence
Listing Contacts
See All (3)- License: WA 25460, OR 200403266
- License: WA, OR 201212905
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