1329 14th Ave Portland, OR 97201-6075

Property Details for 1329 14th Ave

Year built

1907

Lot size

0.19 lot acres

Property size

36,135 SF

Zone code

CXD

Property type

High-rise multifamily apartments

APN

1S1E04AB 03500

APU

1S1E04AB03500

Description

This exceptional 46-unit apartment building presents a compelling investment opportunity in Portland, Oregon's vibrant Goose Hollow neighborhood. Built in 1907, the four-story Grandview Apartments boasts 26,495 square feet on a 0.19-acre lot, offering a blend of classic charm and modern convenience. The property features a mix of studio, one-, two-, and three-bedroom apartments, each equipped with high ceilings, full-sized kitchens and baths, and many with panoramic views. Residents enjoy community amenities including an elevator, storage space, controlled access, bike room, on-site laundry, and on-site management and maintenance. The building's prime location provides easy access to public transportation (TriMet Max, Streetcar, and bus lines), Providence Park, Oregon Zoo, numerous parks, and is close to Portland State University and Lincoln High School. With an asking price of $5,995,000, a cap rate of 7.01%, and an average unit rent of $576, this property offers a strong return on investment. The price per unit is $130,326, and the price per square foot is $226. The land value is assessed at $242.11 per acre. This is a rare opportunity to acquire a well-maintained, historically significant multifamily property in a highly desirable Portland location. The building's strong occupancy and convenient location make it an attractive investment for both seasoned and new investors.

Location Insight

City

Portland

County

Multnomah

State

Oregon

Longitude

-122.689

Latitude

45.5167

CBSA code

38900

CBSA name

PORTLAND-VANCOUVER-BEAVERTON, OR-WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments