1311 Gibbs St Portland, OR 97239-3039
- Apartment buildings
- 42,151 SF
- 0.54 lot acres
Current Use by Public Records
- The Woods on Marquam Hill / Apartment Complex
- Landing Furnished Apts at The Woods on Marquam Hill / Hotel
Property Details for 1311 Gibbs St
- Year built
- 2022
- Lot size
- 0.54 lot acres
- Property size
- 42,151 SF
- Property type
- Apartment buildings
- APN
- 1S1E09BD 02801
- APU
- 1S1E09BD02801
Description
This exceptional Class A, 43-unit apartment building presents a compelling investment opportunity in Portland, Oregon's desirable Marquam Hill neighborhood. Completed in 2024, the property boasts 42,151 square feet of gross building area situated on a 23,500 square foot lot. The unit mix includes studios, one-bedroom, and two-bedroom apartments, offering a diverse range of living spaces. The building features 28 covered parking spaces and attractive amenities such as a secured entry and an exterior sundeck. Priced at $12,500,000 ($290,698 per unit), this property offers a strong 5.41% capitalization rate. Its prime location offers convenient access to Oregon Health & Science University (OHSU), the Under Armour Portland campus, downtown Portland, and Portland State University, ensuring high occupancy rates in a supply-constrained submarket. Select units enjoy beautiful views. The thoughtfully designed floor plans maximize space and natural light. This is a truly exceptional multifamily investment opportunity in a thriving urban setting.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Portland
- County
- Multnomah
- State
- Oregon
- Longitude
- -122.694
- Latitude
- 45.4994
- CBSA code
- 38900
- CBSA name
- PORTLAND-VANCOUVER-BEAVERTON, OR-WA METROPOLITAN STATISTICAL AREA
