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    1615 N Willis Blvd Portland, OR 97217

    For Sale
    Contact for pricing

    New 14-unit building in North Portland's Kenton neighborhood.

    Property Features for 1615 N Willis Blvd

    General Information

    Zoning
    RM3

    Building Details

    Year built
    2023

    Source: Cooper Collins Agent Cooper Collins

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    New Kenton Neighborhood Apartment Building

    This brand-new, state-of-the-art 14-unit building is located in North Portland's Kenton neighborhood, which is known for its strong sense of community and historic charm. The building offers a variety of unit sizes, ranging from micro studios to two-bedroom penthouses. Kenton provides a mix of residential, commercial, and cultural attractions. The neighborhood is well-connected by public transit, with the Yellow MAX line running through it, providing easy access to downtown Portland and other parts of the city. It's also bike-friendly, with several dedicated bike lanes. While predominantly residential, Kenton still has an industrial feel in parts, especially near the Columbia River. This blend of residential and industrial spaces gives the neighborhood a unique edge compared to other parts of Portland. Basement storage allows for an additional income. The property offers easy access to major thoroughfares and fast lease-up under new management.
    Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Washington
    State
    Oregon
    Longitude
    -122.6837276
    Latitude
    45.5840419

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    FAQs

    What type of property is this?
    Apartment building - New 14-unit building in North Portland's Kenton neighborhood.
    Where is this apartment building located?
    The property is located at 1615 N Willis Blvd Portland, OR.
    What are key features of this property?
    This property features: - Brand-new, state-of-the-art construction completed in 2023.; - Located in the desirable Kenton neighborhood, known for its community and charm.; - Offers a variety of unit sizes, including micro studios and two-bedroom penthouses.
    (503) 972-7287
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    1615 N Willis Blvd Portland, OR 97217
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    Portland, OR 97217
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1615 N Willis Blvd Portland, OR 97217
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