8417 SW 24th

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Address: 8417 SW 24TH AVE, PORTLAND, Oregon, US
Created date: December 1, 2023
Date last updated: December 1, 2023

Property Description

Built in 2023, 8417 SW 24th is comprised of 17 modern, high-end apartment homes in the heart of SW Portland. Located just off SW Barbur Blvd, the asset is ideally located just blocks from Multnomah Blvd, one of SW Portland’s most popular streets in the Multnomah Village neighborhood. With its ideal urban setting and functional design, 8417 is a boutique three story apartment community with high-end finishes, both inside and out. This immediate location is considered Very Walkable and Very Bikeable, by Walkscore.com. This location has easy access to the I-5 Freeway and is served by several bus lines. Located less than three miles from Downtown Portland, residents have easy access to some of Portland’s largest employer pools: Central Business District (CBD), Oregon Health & Science University, Portland State University the Central Eastside Industrial District. Combined, these districts and employers provide nearly 100,000 jobs. Featuring all one-bedroom units, tenants enjoy high quality finishes, stainless-steel appliances, quartz countertops, AC, and premium amenities, including full sized washer/dryers and decks or patios. High ceilings throughout provide a feeling of openness, while tenants benefit from bike storage, locking mail and secure building access. The buildings were built with an energy efficient design and the with most modern construction materials to create a generational quality asset. Near 8417 is a plethora some of Portland’s best neighborhoods, shopping and parks, including Oaks Bottom Wildlife Refuge, Sellwood Park, Sellwood Riverfront Park, and Westmoreland Park. A New Seasons Grocer is less than a block away, along with a bustling food cart pod, and several bars, restaurants and shops. This location is Portland at its finest.

Key Property Information

Listing Status: Available
Listing Type: Highest & best offer
Multifamily type: Apartments
Price: $3,800,000
No. of Units: 17
Cap Rate: 5.52%
Year Built: 2023
Building Size: 7,920 Sq ft
Opportunity Zone: No
Price per unit: $223,529
Address: 8417 SW 24TH AVE, PORTLAND, Oregon, US

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