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Modern 20-Unit Apartment Complex
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4738 SE Belmont St, Portland, OR 97215

New construction apartment complex with retail space in Belmont.

Property Size9,690 SF
Price / SF$495.35
Days on Market1396

Property Features for 4738 SE Belmont St

General Information

Standard status Active
Size 9,690 SF
Property subtype Mixed Use, Multifamily
Lease Type NNN
Investment Type Stabilized
Net Operating Income $261,137

Building Details

Year Built 2022
Buildings 1
Stories 3
Units 20
Listing Agency: Keller Williams Realty Portland Premiere
Listed By: Darryl Bodle · License #199910100
Source: Crexi
Added: Oct 25, 2022 Changed: Aug 14 Last Checked: Aug 19 at 8:45PM

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 Keller Williams Realty Portland Premiere

Investment Insights

Based on property information with market context.

This is a modern, new construction 20-unit apartment complex featuring a mix of studio and one-bedroom units. The property includes a 1,124 square foot retail space suitable for various business ventures. The building features expansive ceilings and an open concept floor plan designed to maximize natural light, along with designer finishes and colors. Sleek custom cabinetry, stainless steel appliances, in-unit washer and dryer, and a bike rack are among the included amenities. Located in the heart of Belmont, the property is 0.6 miles from Laurelhurst Park and a short distance from the shops and restaurants of Hawthorne.

Key Highlights

  • New construction (2022) modern apartment complex.
  • Located in the heart of Belmont, close to Hawthorne's shops and restaurants.
  • Proximity to Laurelhurst Park (0.6 miles).

Property Analytics

Current Use

Joanna's Lofts Apartment Building Alita Films Film Production

Suggested Use

Top Pick HVAC Service (Bike/Boat/Book/etc) Store Carpet & Flooring Store Plumbing Service Auto Parts Store Parking Lot & Garage

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

Location Intelligence

Trade Area within ½ mile

1,578
Businesses Nearby

Demographics for 97215, OR

18,221
Population
7,855
Households
2.3
Avg Household Size
40
Median Age
64%
College-Educated
97%
High-School Grad
2.3 sq mi
ZIP Area
7,922
Density / Sq Mi
$114,361
Median Household Income
$62,704
Median Earnings
$1,587
Median Rent
$658,500
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?
Mixed-use property - New construction apartment complex with retail space in Belmont.
Where is this mixed-use property located?
The property is located at 4738 SE Belmont St Portland, OR.
What is the asking price?
The asking price for this property is $4,799,900.
What are key features of this property?
This property features: New construction (2022) modern apartment complex.; Located in the heart of Belmont, close to Hawthorne's shops and restaurants.; Proximity to Laurelhurst Park (0.6 miles).
(503) 597-2444 Call to check price and availability
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