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Listing provided by LightBox Revere
1913 NE 73rd Ave.Portland, OR 97213
Astoria Apartments
Asset ClassMultifamily
Overview
- Directly across from historic Rose City Golf Course
- Two Bedroom, One Bath Floorplans
- Within 10 minutes of downtown Portland with convenient access to I-84 Freeway
- Complete exterior upgrade in 2013/2014 in addition to interior renovation
- Additional significant mechanical systems upgrades from 2020-2025
- Proven rent growth w/ additional upside potential
- Beautiful courtyard setting, low density product w/ charming mid-century courtyard design
Investment Highlights
# Units
68
# Stories
2
Cap Rate
5.5%
Year Built
1950
Site Area
130.24 K Sq. Ft
# Buildings
5
AVG In Place Rent
$2.05 / SF
AVG SF
658
Asset Summary
Astoria Apartments
Price
$10,000,000
Price/Unit
$147,100
Price/SF
$223
Cap Rate
5.5%
Net Rentable Area
40,736 SF
Average Unit Size
658 SF
Unit Count
68
Photo Gallery
1913 NE 73rd Ave.Portland, OR 97213
Multifamily Team
Listing provided by LightBox Revere