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Raleigh Heights

Value-Add in an Excellent Southwest Portland Location

Listing Contacts

Active

Asking Price: $2,950,000
Address 

5704 & 5636-5648 SW BEAVERTON HILLSDALE HWY, Portland, OR 97221

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Date Added
Oct 10, 2024
Days on Market
156 days
Time Since Last Update
26 days

Details

Property TypeMultifamily
SubtypeApartment Building
Square Footage11,750
Net Rentable (sq ft)11,750
Price/Sq Ft$251.06
Cap Rate5.44%
Pro-Forma Cap Rate5.98%
NOI$160,602
Pro-Forma NOI$176,490
Units17
Year Built1974 & 1978
Buildings3
Stories2
ZoningRM2
Lot Size (acres)0.82
Price/Unit$173,529.41

Marketing Description

Located on Beaverton Hillsdale HWY, between two of Southwest Portland’s more desirable neighborhoods, Raleigh Hills & Hillsdale, the Raleigh Heights apartments provide residents with an exceptional location and investors with a value-add opportunity.​

The 17-unit complex has a national grocery store, pharmacy, coffee shop, and several restaurants within one block.​ Additionally, the Portland Athletic Club sits across the street.​ High frequency public transportation allows easy access to downtown Portland and downtown Beaverton.​

Built in 1974 & 1978 and comprised of one and two-bedroom units, Raleigh Heights offers a park-like setting with many units having territorial views and several having private decks or patios.​ Roughly half the units have been updated along with new gutters, and a newly striped parking lot with ample parking for tenants and guests.​

Investment Highlights

  • Great Southwest Portland Location

  • Newly Striped Parking Lot

  • New Gutters

  • Rental Upside

  • On-Site Laundry

  • Quiet Park-like Setting

  • Excellent Access to Shopping and Public Transportation

Valuation Calculator

Valuation Calculator

Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$160,602.00
$13,383.50/mo

Valuation Metrics

0
DSCR
5.44%
Cap Rate
5.44%
ROI

Due Diligence

Due diligence information will be provided.
Please reach out to the listing contacts for details.

Contact

Listing Contacts


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