Greeley Apartments PDX

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Address: 5880 N Greeley Ave, Portland, OR 97217, USA
Seattle & Northwest + Apartment Buildings
Created date: June 18, 2024
Date last updated: June 18, 2024
  • New-Construction Multifamily Investment in North Portland
  • 14 Market-Rate Units with Studio & 1 Bedroom Unit Mix
  • 5,944 Rentable SF, Currently 100% Leased
  • Modern Finishes, Mini Split Air, Quartz Countertops, Private Patios / Balconies, In-Unit W/D
  • Landlord not currently charging RUBS to Tenants
  • Located in the Overlook Neighborhood of North Portland
  • Walkable Area less than One Mile to MAX Light Rail Yellow Line Station
  • Convenient to Adidas HQ, Legacy Emanuel, University of Portland and St Johns
  • Bike Score of 97 – “Biker’s Paradise”

Property Description

New-Construction Apartment Building in North Portland 14 Market-Rate Units • 100% Leased • Near Adidas HQ -------------------- Sale Price: $3,300,000 ($235,714 / Unit) Proforma NOI: $165,436 Proforma CAP: 5.01% Units: 14 Market-Rate Units Leaseup: 100% Leased Construction Date: 2023 Building Gross Area: 7,249 SF Building Rentable Area: 5,944 SF
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Broker Details

Nicholas Diamond
Nicholas Diamond

Capacity Commercial Group 503-222-2655

Key Property Information

Listing Status: Available
Property Types: Apartment Buildings
Price: $3,300,000
No. of Units: 14
Cap Rate: 5.01%
Year Built: 2022
Building Size: 7,249 Sq ft
Lot Size: 4,900.00 Sq ft
No. of Stories: 2
Opportunity Zone: No
Price per unit: $235,714
Property Website Click Here
Address: 5880 N Greeley Ave, Portland, OR 97217, USA

Additional contacts

Full name Phone number Email address
Nicholas G. Diamond 503.222.2655 [email protected]
George Diamond 503.222.2178 [email protected]
Riley Henderson 503.975.9301 [email protected]

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