1232-1240 N Wygant St - Apartments FOR SALE


Portland, OR 97217- Humboldt
$975,000 USD
503-241-5541
1232-1240 N Wygant St, Portland, OR for Sale
$975,000 USD
Apartments - FOR SALE
1/7
null | 6.92% Cap Rate

1232-1240 N Wygant St
Portland, OR 97217
Humboldt


HIGHLIGHTS

  • Features remodeled basement space that could potentially be converted into an additional unit (buyers should research conversion options with city).
  • Units feature hardwood floors, back patio areas, covered bike storage, and separate entries for each apartments.
  • Located in North Portland just a three-minute drive from Portland Community College

OVERVIEW

Introducing the N Wygant Street Apartments, a charming, garden-style 5-unit apartment community in the heart of Portland’s vibrant Overlook neighborhood. The property offers one- and two-bedroom units in a quiet, landscaped setting with fenced-in, private backyard spaces for some of the units. The property also features remodeled basement space that could potentially be converted into an additional unit (buyers should research conversion options with city planning officials). Units also feature hardwood floors, back patio areas, covered bike storage, and separate entries for each apartments. Located in North Portland, the N Wygant Street Apartments is just a three-minute drive from Portland Community College and blocks away from N Interstate Avenue, a major thoroughfare well-served by public transportation with a myriad of retail options, including the high-end local grocer New Seasons Market. The property is only minutes from both N Mississippi Ave and NE Alberta St, significant retail corridors well-known for great local shopping and dining. Just blocks away is TriMet’s MAX light rail Yellow Line as well as I-5, which connects the property directly to downtown Portland and beyond.

FOR SALE DETAILS

PRICE

$975,000 USD

PRICE/SF

$343 USD /SF

# OF UNITS

5

PRICE/UNIT

$195,000

CAP RATE

6.92%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1943

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,227 SF

ZONING

EX, Portland

APN/PARCEL ID

R210497

ASK ABOUT THIS PROPERTY

Lee FehrenbacherHFO Investment Real EstateMore Info
503-241-5541

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Lee FehrenbacherHFO Investment Real EstateMore Info
503-241-5541

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.