16111 Burnside StPortland, OR 97233

Exceptional investment opportunity: This 31-unit apartment building in Portland, Oregon, offers a 3.94% cap rate and a strong NOI of $295,254.86. Built in 2021, the property boasts 100% occupancy and features 18,200 square feet of net rentable space across a variety of studio and one-bedroom units ranging from 313 to 511 square feet. The building is uniquely positioned as the only carbon-neutral apartment complex in the Pacific Northwest, incorporating sustainable features such as solar panels, water-saving appliances, and a rainwater harvesting system. Amenities include onsite parking, two ground-floor commercial spaces, and a 1,741-square-foot daylight basement space suitable for various community uses. A community room fosters resident interaction, while individual locking storage spaces add convenience. Located at 16111 E Burnside St, Portland, OR 97233, this property benefits from its proximity to public transportation and is zoned SC Station Center. The asking price is $7,500,000, representing a compelling investment in a high-demand market with a focus on sustainability and community. The property's energy efficiency and focus on affordability make it an attractive option for workforce housing. Rent includes all utilities except internet, starting at $1,150 per month for studio units. This fee-simple ownership opportunity presents a rare chance to acquire a high-performing, environmentally responsible asset in a thriving Portland neighborhood.