3705 Overlook BlvdPortland, OR 97227

This exceptional Class A, 62-unit apartment building, constructed in 2015, presents a compelling investment opportunity. Located at 3705 N Overlook Blvd in Portland, Oregon's desirable Multnomah County (zip code 97227), this six-story building boasts 48,474 square feet of gross building area on a 14,449 square foot lot. The property features a mix of one- and two-bedroom units, each equipped with modern amenities including washers and dryers, nine-foot ceilings, quartz countertops, stainless steel appliances, and floor-to-ceiling windows. Select units offer balconies and walk-in closets. Residents enjoy a spacious lounge and fitness room. The building offers 17 parking spaces and 127 bike parking spots. Its prime location offers convenient access to the TriMet MAX Yellow Line and major employers such as Adidas, Daimler, and Kaiser Permanente, as well as the central business district. The asking price is $15,550,000, representing $250,806 per unit, with a 5.13% cap rate. Assumable financing at 4.91% is available. The property's APN is R697139. This is a rare opportunity to acquire a high-quality, well-located multifamily asset with strong potential for future growth.