1311 Gibbs St Portland, OR 97239

This exceptional Class A, 43-unit apartment building presents a compelling investment opportunity in Portland, Oregon's desirable Marquam Hill neighborhood. Completed in 2024, the property boasts 42,151 square feet of gross building area situated on a 23,500 square foot lot. The unit mix includes studios, one-bedroom, and two-bedroom apartments, offering a diverse range of living spaces. The building features 28 covered parking spaces and attractive amenities such as a secured entry and an exterior sundeck. Priced at $12,500,000 ($290,698 per unit), this property offers a strong 5.41% capitalization rate. Its prime location offers convenient access to Oregon Health & Science University (OHSU), the Under Armour Portland campus, downtown Portland, and Portland State University, ensuring high occupancy rates in a supply-constrained submarket. Select units enjoy beautiful views. The thoughtfully designed floor plans maximize space and natural light. This is a truly exceptional multifamily investment opportunity in a thriving urban setting.