2308-2326 SW Osage Street, Portland, OR 97205 For Sale

The Drake is a 12-unit multifamily community consisting of two historic apartment buildings located at 2308-2326 SW Osage Street in Portland's desirable Kings Hill/Goose Hollow neighborhood. Positioned on the edge of downtown, the Property combines timeless architectural character with exceptional walkability and immediate access to Portland's premier dining, shopping, parks, and transit amenities.

Originally constructed in 1904, The Drake encompasses approximately 9,823 square feet with an average unit size of 783 square feet. The diverse unit mix includes studios, one-, two-, and three-bedroom apartments, many featuring hardwood flooring, updated kitchens, oversized windows, abundant natural light, and select private decks with downtown views. Dedicated parking is available for select residents.

The Drake offers investors the opportunity to acquire a stabilized vintage apartment community in one of Portland's most established urban neighborhoods.

Residents enjoy an exceptional lifestyle with convenient access to Washington Park, Providence Park, the Portland Japanese Garden, Zupan's Market, downtown Portland, and multiple MAX Light Rail and bus lines, making The Drake an attractive housing option for a wide range of renters seeking a walkable urban location.