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    3564 Garfield Ave Portland, OR 97212

    Sponsored
    For Sale
    $2,799,900

    Luxury 7-unit apartment building, prime location.

    Property size:
    6,592 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional new construction multifamily property in Portland, Oregon, presents a compelling investment opportunity. Located at 3564 NE Garfield Ave, in the desirable 97212 zip code, this 7-unit building boasts a total of 6,592 square feet, offering 14 bedrooms and 14 bathrooms (including half-baths) across two stories. Each unit features a spacious two-bedroom, two-and-a-half-bathroom layout, designed with modern, open-concept floor plans. High-end finishes include custom kitchens with warm cabinetry, quartz countertops, stylish tile backsplashes, and stainless steel appliances. Sleek black fixtures, lofty ceilings, and designer color palettes enhance the sophisticated aesthetic. Private, fenced patios and coveted air conditioning are included in each unit. The property benefits from a phenomenal location with a Walk Score of 95 and a Bike Score of 100, placing it within a short distance of restaurants, shops, cafes, and Legacy Emanuel Hospital. The building is zoned CM2 and comes with a one-year builder's warranty, providing peace of mind for the investor. The asking price is $2,799,900, representing a price per unit of $399,985.71 and a price per square foot of $424.74. This property is an ideal addition to any investment portfolio.

    Property Features for 3564 Garfield Ave

    General Information

    Property type
    Multifamily properties
    Square Feet
    6,592 SF

    Building Details

    Buildings
    1
    Stories
    2
    Units
    7

    HighLights

    • Exceptional location with a Walk Score of 95 and Bike Score of 100, steps from restaurants, shops, and cafes, and less than half a mile from Legacy Emanuel Hospital.
    • Seven (7) two‑bedroom, two‑and‑a‑half‑bathroom units.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential income homes

    Suggested Use

    Law Firm Realty agency Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Multnomah
    State
    Oregon
    Longitude
    -122.6624007
    Latitude
    45.5487819

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    FAQs

    What type of property is this?
    Multifamily property - Luxury 7-unit apartment building, prime location.
    Where is this multifamily property located?
    The property is located at 3564 Garfield Ave Portland, OR.
    What is the asking price?
    The asking price for this property is $2,799,900.
    What are key features of this property?
    This property features: Exceptional location with a Walk Score of 95 and Bike Score of 100, steps from restaurants, shops, and cafes, and less than half a mile from Legacy Emanuel Hospital.; Seven (7) two-bedroom, two-and-a-half-bathroom units.;
    Request Owner's contact information
    3564 Garfield Ave Portland, OR 97212
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    Portland, OR 97212
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3564 Garfield Ave Portland, OR 97212
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