Modern 54-Unit Apartment
1521 NE 41st Ave Portland, OR 97232
For Sale
Contact for pricing
Completed in 2016, this 54-unit community features efficiency-oriented layouts and premium interior finishes.
Property Size9,080 SF
Price / SF$660.79
Days on Market52
Property Features for 1521 NE 41st Ave
General Information
- Standard status
- Active
- Size
- 9,080 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 2016
Listing Agency:
Kidder Mathews Portland
Listed By:
Jordan Carter · License #OR 200606025
Source:
Crexi
Added: Jun 2
Changed: Jul 22
Last Checked: Jul 23 at 9:32AM
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 Kidder Mathews Portland
Investment Insights
Based on property information with market context.
Completed in 2016, Alcove Hollywood is a 54-unit apartment community designed for efficient, “micro-living” style living. The property includes premium interior finishes such as quartz countertops and vaulted ceilings, with the overall layout focused on maximizing utility and natural light.
The property has been described as entering at a favorable basis and as remaining exempt from Oregon’s statewide rent control (SB 608) for several more years. In addition, it has secured a full property tax abatement for the 2026–2027 tax year on all real property improvements through the Portland Housing Bureau’s Non-Profit Low-Income Housing Limited Tax Exemption Program.
As presented in the offering, the asset is positioned as stabilized and modern, combining updated construction with tax-saving and legislative advantages that may support near-term operational performance.
The property has been described as entering at a favorable basis and as remaining exempt from Oregon’s statewide rent control (SB 608) for several more years. In addition, it has secured a full property tax abatement for the 2026–2027 tax year on all real property improvements through the Portland Housing Bureau’s Non-Profit Low-Income Housing Limited Tax Exemption Program.
As presented in the offering, the asset is positioned as stabilized and modern, combining updated construction with tax-saving and legislative advantages that may support near-term operational performance.
Key Highlights
- Completed in 2016: 54‑unit residential community with efficiency‑oriented layouts
- Premium interior finishes including quartz countertops and vaulted ceilings
- Property is exempt from Oregon statewide rent control (SB 608) for several more years
Property Analytics
Location Intelligence
Current Use by Public Records
Alcove Hollywood
Apartment Building
FAQs
What type of property is this?
Apartment building - Completed in 2016, this 54-unit community features efficiency-oriented layouts and premium interior finishes.
Where is this apartment building located?
The property is located at 1521 NE 41st Ave Portland, OR.
What is the asking price?
The asking price for this property is $6,000,000.
What are key features of this property?
This property features: Completed in 2016: 54‑unit residential community with efficiency‑oriented layouts; Premium interior finishes including quartz countertops and vaulted ceilings; Property is exempt from Oregon statewide rent control (SB 608) for several more years
