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Renovated Four-Unit Apartment Community
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265-271 Cervantes Cir, Lake Oswego, OR 97035

Four-unit apartment community offering newly renovated two- and three-bedroom units with one to one-and-a-half baths each.

Property SizeContact for details
Days on Market121

Property Features for 265-271 Cervantes Cir

General Information

Standard status Active
Property subtype Multifamily

Additional Details

Highway Access Yes
Multifamily Units 4

Building Details

Year Built 1981
Tenancy Multi
Listing Agency: HFO Investment Real Estate
Listed By: Steve Wendt · License #OR
Source: Crexi
Added: Apr 11 Changed: Aug 8 Last Checked: Jul 21 at 4:05AM

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 HFO Investment Real Estate

Investment Insights

Based on property information with market context.

Cervantes Townhomes is a four-unit apartment community built in 1981. The property offers two- and three-bedroom apartments, with one and one-and-a-half bathrooms per unit. All four apartments have been newly renovated.

Located in a residential area of Lake Oswego, the property is close to Portland Community College and New Seasons Market. Tenants can also conveniently access Interstate 5 for travel throughout the metro area.

This is a straightforward four-unit income property with a consistent residential unit mix across the building.

Key Highlights

  • Four‑unit apartment community in Lake Oswego, Oregon, built in 1981
  • Two- and three‑bedroom apartment layouts with one to 1.5 baths per unit
  • All four apartments are newly renovated

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Real Estate Agency Dental Office Restaurant Hair Salon Parking Lot & Garage Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units
Multi-tenant
Tenancy
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

336
Businesses Nearby

Demographics for 97035, OR

25,770
Population
11,822
Households
2.2
Avg Household Size
44
Median Age
73%
College-Educated
99%
High-School Grad
5.8 sq mi
ZIP Area
4,443
Density / Sq Mi
$126,866
Median Household Income
$75,523
Median Earnings
$1,951
Median Rent
$790,900
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Quadplex - Four-unit apartment community offering newly renovated two- and three-bedroom units with one to one-and-a-half baths each.
Where is this quadplex located?
The property is located at 265-271 Cervantes Cir Lake Oswego, OR.
What are key features of this property?
This property features: Four‑unit apartment community in Lake Oswego, Oregon, built in 1981; Two- and three‑bedroom apartment layouts with one to 1.5 baths per unit; All four apartments are newly renovated
More about this property
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