Opportunity Zone Apartment
2615 SW Water Ave. Portland, OR 97201
For Sale
Contact for pricing
Pending
Zoning permits managed short-term rentals for Acqua Apartments, a Qualified Opportunity Zone multifamily property.
Days on Market105
Property Features for 2615 SW Water Ave.
General Information
- Standard status
- Pending
- Property subtype
- Multifamily
Listing Agency:
Macadam Forbes
(503) 227-2500
Listed By:
Skip Rotticci · License #OR 200204348
Source:
Crexi
Added: Apr 10
Changed: Jul 22
Last Checked: Jul 23 at 5:50AM
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
Location Intelligence
Current Use by Public Records
Acqua Apartments
Apartment Building
FAQs
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
