131 NE Martin Luther King Jr Blvd - Apartments FOR SALE


Portland, OR 97232- Central Eastside
$5,700,000 USD
503-222-2346
131 NE Martin Luther King Jr Blvd, Portland, OR for Sale
$5,700,000 USD
Apartments - FOR SALE
1/3
null | 5.51% Cap Rate

131 NE Martin Luther King Jr Blvd
Portland, OR 97232
Central Eastside


HIGHLIGHTS

  • Great Mix of Studio & 1 BR Apts!
  • Desirable Kerns Neighborhood, Very Bike Friendly!
  • Charming Buildings with Vintage Appeal
  • Walking Distance to Restaurants, Night Life & Employment

OVERVIEW

8,000 SF Corner Tax Lot at the corner of NE MLK & NE Davis; In the Middle of the Burnside Bridgehead Project; *Great Re-Development or Affordable Housing Play; * Zoned EX Central Employment, Allows for a Variety of Uses; * OPPORTUNITY ZONE;

FOR SALE DETAILS

PRICE

$5,700,000 USD

PRICE/SF

$249 USD /SF

# OF UNITS

42

PRICE/UNIT

$135,714

CAP RATE

5.51%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Union Arms Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1908

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,841 SF

ZONING

EXD

APN/PARCEL ID

R150029

ASK ABOUT THIS PROPERTY

Jarrett GrayApartments Northwest LLCMore Info
503-222-2346

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Jarrett GrayApartments Northwest LLCMore Info
503-222-2346

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