15559 NE Glisan St - Apartments FOR SALE


Portland, OR 97230- Wilkes
$1,200,000 USD
503-241-5541
15559 NE Glisan St, Portland, OR for Sale
$1,200,000 USD
Apartments - FOR SALE
1/7
null | 5.51% Cap Rate

15559 NE Glisan St
Portland, OR 97230
Wilkes


OVERVIEW

Presenting Glisan Street Apartments, a well-positioned 7-unit multifamily property located in Portland, Oregon, in the thriving Wilkes neighborhood. The property includes a combination of spacious two-bedroom units from original construction and two three-bedroom units, which were built in 2017. This asset offers an excellent opportunity for investors seeking stable rental income and long-term value appreciation in one of Portland’s growing residential markets. Glisan Street Apartments benefits from an ideal location, with convenient access to a wide range of amenities. Residents enjoy proximity to numerous shopping centers, diverse dining options, and vibrant parks and recreational facilities, including the popular Glendoveer Golf & Tennis Center and Wilkes City Park. Its central location also provides easy connectivity to major transportation corridors, offering seamless commutes to Portland’s downtown core and neighboring employment hubs.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$226 USD /SF

# OF UNITS

7

PRICE/UNIT

$171,429

CAP RATE

5.51%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1965

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.46 AC

LAND SF

20,000 SF

ZONING

R3

APN/PARCEL ID

R169867

ASK ABOUT THIS PROPERTY

Jack StephensHFO Investment Real EstateMore Info
503-241-5541

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Jack StephensHFO Investment Real EstateMore Info
503-241-5541

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