5205 SE 18th Ave - Apartments FOR SALE


Portland, OR 97202- Sellwood-Moreland
$2,250,000 USD
503-314-0527
5205 SE 18th Ave, Portland, OR for Sale
$2,250,000 USD
Apartments - FOR SALE
1/3
null | Request Cap Rate

5205 SE 18th Ave
Portland, OR 97202
Sellwood-Moreland


HIGHLIGHTS

  • Popular Sellwood Moreland neighborhood - Two blocks to TriMet MAX Light Rail Station
  • Building permits have been issued
  • Legacy 2019 SDC fees
  • Site comes with plans, engineering, entitlements & rights
  • Erosion Control measures installed and inspected
  • Ready to start construction immediately

OVERVIEW

5205 SE 18th Avenue is a 10,000 square foot, 59-unit multifamily development site. Permits have been issued by the City of Portland. 2019 System Development Charge (SDC) fees have been locked in at 2019 SD Crates with a deferral agreement in place. The property comes with all plans, engineering, entitlements, and rights. Construction could start immediately.

FOR SALE DETAILS

PRICE

$2,250,000 USD

PRICE/SF

$38 USD /SF

# OF UNITS

59

PRICE/UNIT

$38,136

CAP RATE

Request Cap Rate

% LEASED

-

STATUS

Proposed

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

6

YEAR BUILT

2026

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,000 SF

ZONING

RH

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Skip RotticciMacadam Forbes, Inc.More Info
503-314-0527

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Skip RotticciMacadam Forbes, Inc.More Info
503-314-0527

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