The Woods on Marquam Hill
FOR SALE | 43 Unit Trophy Multifamily Opportunity on Marquam Hill
Listing Contacts
See All (3)
License: WA 25460, OR 200403266
License: WA, OR 201212905
Active
Asking Price: $12,500,000
Address
1311 SW Gibbs St, Portland, OR 97239
Show on MapDate Added
Jun 10, 2024
Days on Market
279 days
Time Since Last Update
30 days
Details
Property TypeMultifamily
SubtypeApartment Building
ClassA
Square Footage42,151
Price/Sq Ft$296.55
Cap Rate5.41%
Units43
Year Built2024
Lot Size (sq ft)23,500
Parking (spaces)28
Price/Unit$290,697.67
Marketing Description
2024 Construction • Studio, 1 & 2 Bed Unit Mix • 4 Blocks to OHSU
Sale Price: $12,500,000 ($290,698 / Unit)
CAP Rate: 5.41%
Units: 43 Units with Studio, 1 & 2 Bedroom Mix
Building Gross Area: 42,151 SF
Gross Land Area: 23,500 SF
Parking: 28 Spaces Onsite
Investment Highlights
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OHSU is the largest teaching hospital in the state
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Close proximity to Under Armor Portland campus, downtown Portland, and Portland State university
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Supply constrained submarket
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Beautiful Views in Select Units (Split Amenities and Efficient Floor Plans to be)
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Units Feature Thoughtful and Light-Filled, Efficient Floorplans
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Building Amenities Include Secured Entry, Exterior Sundeck, and 28 Onsite Covered Parking Spaces
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Within Walking Distance to Oregon Health Science University
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Listing Contacts
See All (3)- License: WA 25460, OR 200403266
- License: WA, OR 201212905
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