2925 SE 50th Ave - Apartments FOR SALE


Portland, OR 97206- Richmond
$5,400,000 USD
503-241-5541
2925 SE 50th Ave, Portland, OR for Sale
$5,400,000 USD
Apartments - FOR SALE
1/8
null | 5.79% Cap Rate

2925 SE 50th Ave
Portland, OR 97206
Richmond


OVERVIEW

Introducing Crown Point Apartments, a 34-unit community located in the Richmond neighborhood of Portland, Oregon, offering residents a unique blend of urban convenience and residential comfort. This well-maintained property features a mix of spacious unit layouts, including studio, one- and two-bedroom apartments, catering to a diverse range of lifestyles. Crown Point boasts compelling interior features like fully equipped kitchens, spacious living areas, hardwood flooring and energy efficient heating systems. The apartments are also complemented by an array of community amenities, including off-street parking, on-site laundry facilities, and secure bike storage. With Hawthorne Boulevard, Division Street, and Mt. Tabor Park just minutes away, residents can enjoy some of the best that Portland has to offer. Additionally, the property is well-served by public transportation options, making commuting throughout the city seamless.

FOR SALE DETAILS

PRICE

$5,400,000 USD

PRICE/SF

$185 USD /SF

# OF UNITS

34

PRICE/UNIT

$158,824

CAP RATE

5.79%

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Crown Point Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1967

PARKING SPACES

38

LAND DETAILS

LAND ACRES

0.97 AC

LAND SF

42,271 SF

ZONING

R1, Portland

APN/PARCEL ID

R142633,R142634

ASK ABOUT THIS PROPERTY

Gregory FrickHFO Investment Real EstateMore Info
503-241-5541

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Gregory FrickHFO Investment Real EstateMore Info
503-241-5541

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