400 SE GRAND AVE, Portland, OR 97214

Listing Agency: Northmarq

Listed By: Steve Fischer · License OR #87455 Show Phone

Source: Crexi

Added: Oct 19 Changed: Nov 10 Last Checked: Nov 12 at 7:55AM

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Investment Insights

Based on property information with market context.

This apartment portfolio comprises two adjoining historic multifamily communities in Portland. The properties are located within the East Portland/Grand Avenue Historic District and an Opportunity Zone.

Affordability restrictions and related regulatory agreements have expired. The portfolio combines historic residential buildings with a documented change in those restrictions.

Key Highlights

• Two adjacent historic multifamily communities
• Located in the East Portland/Grand Avenue Historic District
• Situated within an Opportunity Zone

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Location Intelligence

Trade Area within ½ mile

4,974

Businesses Nearby

Explore this area Business Placement

Demographics for 97214, OR

28,403

Population

15,948

Households

1.8

Avg Household Size

36

Median Age

67%

College-Educated

98%

High-School Grad

2.9 sq mi

ZIP Area

9,794

Density / Sq Mi

$86,879

Median Household Income

$55,643

Median Earnings

$1,628

Median Rent

$733,200

Median Home Value

Market

Average Price Trend$/SF for Apartment buildings in Portland, OR

$362 Jul

$376 Aug

$414 Sep

$435 Oct

Properties on Market for Apartment buildings in Portland

Jul

Aug

Sep

Oct

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?

Apartment building - Two neighboring multifamily communities are included in this Portland portfolio.

Where is this apartment building located?

The property is located at 400 SE GRAND AVE Portland, OR.

What are key features of this property?

This property features: Two adjacent historic multifamily communities; Located in the East Portland/Grand Avenue Historic District; Situated within an Opportunity Zone