Opportunity Zone Apartment
For Sale
Contact for pricing
Pending
2615 SW Water Ave., Portland, OR 97201
Zoning permits managed short-term rentals for Acqua Apartments, a Qualified Opportunity Zone multifamily property.
Property SizeContact for details
Days on Market123
Property Features for 2615 SW Water Ave.
General Information
Standard status
Pending
Property subtype
Multifamily
Additional Details
Opportunity Zone
Yes
Listing Agency:
Macadam Forbes
(503) 227-2500
Listed By:
Skip Rotticci · License #OR 200204348
Source:
Crexi
Added: Apr 10
Changed: Aug 8
Last Checked: Aug 9 at 10:24AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Macadam Forbes
Investment Insights
Based on property information with market context.
Acqua Apartments is being offered for sale as a sizeable Qualified Opportunity Zone property. According to the seller’s description, the buyer may be able to access Opportunity Zone benefits tied to the property’s “Original Use” prior to being placed into service, including potential tax advantages associated with depreciation and the possibility of no capital gains tax after a ten-year hold.
The property is positioned for use under zoning that allows managed short-term rentals. The seller also notes that this operating structure may support higher net operating income potential.
Prospective buyers should review the specific terms and timing associated with certificate of occupancy and Opportunity Zone qualification requirements as part of their due diligence.
The property is positioned for use under zoning that allows managed short-term rentals. The seller also notes that this operating structure may support higher net operating income potential.
Prospective buyers should review the specific terms and timing associated with certificate of occupancy and Opportunity Zone qualification requirements as part of their due diligence.
Key Highlights
- Acqua Apartments is a Qualified Opportunity Zone multifamily property
- Zoning allows for managed short‑term rentals for the Acqua Apartments
- Opportunity Zone benefits described include stepped‑up cost basis and accelerated/bonus depreciation
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
7,364
Businesses Nearby
Explore this area
Business Placement
Demographics for 97201, OR
17,352
Population
10,748
Households
1.6
Avg Household Size
34
Median Age
67%
College-Educated
95%
High-School Grad
1.9 sq mi
ZIP Area
9,133
Density / Sq Mi
$67,074
Median Household Income
$48,101
Median Earnings
$1,565
Median Rent
$648,400
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Short term rental property - Zoning permits managed short-term rentals for Acqua Apartments, a Qualified Opportunity Zone multifamily property.
Where is this short term rental property located?
The property is located at 2615 SW Water Ave. Portland, OR.
What are key features of this property?
This property features: Acqua Apartments is a Qualified Opportunity Zone multifamily property; Zoning allows for managed short‑term rentals for the Acqua Apartments; Opportunity Zone benefits described include stepped‑up cost basis and accelerated/bonus depreciation
