deal image
1204 NE 22nd AvePortland, OR 97232
NE 22nd Ave
Asset ClassMultifamily
Deal Size$2.96 M
Cap Rate: 6%# Units: 16Access Data Room
Value-Add Multi-Family Opportunity
overview of deal

Overview

16 Unit Multi-Family Opportunity in the Sullivan Gulch Neighborhood of NE Portland

 

1204 - 1238 NE 22nd Ave

Units: 16

Unit Matrix: 12 - 2 bed, 1 bath | 4 - 1 bed, 1 bath

Gross Building: 14,912 SF

Gross Land: 19,996 SF (0.46 AC)

 

Sale Price: $2,963,000

CAP Rate: 6.00%

Price Per Unit: $185,188

Price per SF: $225

Access the Data Room

Investment Highlights

  • Multiple Upgrades done by Ownership
  • Off-Street Parking
  • Shared Laundry Room
  • Tenant Storage Units
  • Spacious Units
  • Quiet, Neighborhood Feel
deal gallery image
deal gallery image
deal gallery image
1204 NE 22nd AvePortland, OR 97232
deal image

Inquire

Listing provided by LightBox Revere