5636-5648 SW Beaverton Hillsdale Hwy - Apartments FOR SALE


Portland, OR 97221
$2,950,000 USD
503-467-8901
5636-5648 SW Beaverton Hillsdale Hwy, Portland, OR for Sale
$2,950,000 USD
Apartments - FOR SALE
1/10
null | 5.44% Cap Rate

5636-5648 SW Beaverton Hillsdale Hwy
Portland, OR 97221


HIGHLIGHTS

  • Great Southwest Portland Location
  • Newly Striped Parking Lot
  • New Gutters
  • On-Site Laundry
  • Rental Upside
  • Excellent Access to Shopping and Public Transportation

OVERVIEW

Located on Beaverton Hillsdale HWY, between two of Southwest Portland’s more desirable neighborhoods, Raleigh Hills & Hillsdale, the Raleigh Heights apartments provide residents with an exceptional location and investors with a value-add opportunity. The 17-unit complex has a national grocery store, pharmacy, coffee shop, and several restaurants within one block. Additionally, the Portland Athletic Club sits across the street. High frequency public transportation allows easy access to downtown Portland and downtown Beaverton. Built in 1974 & 1978 and comprised of one and two-bedroom units, Raleigh Heights offers a park-like setting with many units having territorial views and several having private decks or patios. Roughly half the units have been updated along with new gutters, and a newly striped parking lot with ample parking for tenants and guests.

FOR SALE DETAILS

PRICE

$2,950,000 USD

PRICE/SF

$269 USD /SF

# OF UNITS

17

PRICE/UNIT

$173,529

CAP RATE

5.44%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1978

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.57 AC

LAND SF

24,829 SF

ZONING

R2

APN/PARCEL ID

R111056

ASK ABOUT THIS PROPERTY

Tyler GerdingPounder Realty LLCMore Info
503-467-8901

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Tyler GerdingPounder Realty LLCMore Info
503-467-8901

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