2335-2353 Lombard St Portland, OR 97217
- Apartment buildings
- 6,093 SF
- 0.19 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for 2335-2353 Lombard St
- Year built
- 1969
- Lot size
- 0.19 lot acres
- Property size
- 6,093 SF
- Property type
- Apartment buildings
Description
This exceptional six-unit apartment building, located at 2335-2353 N Lombard St, Portland, OR 97217, presents a compelling investment opportunity. Built in 1969, this two-story building boasts a total of 6,093 square feet on a 0.19-acre lot. The property features a mix of spacious two, three, and four-bedroom apartments, each commanding an average monthly rent of $2,335. With seven off-street parking spaces available, tenant convenience is ensured. The asking price is $1,495,000, representing a price per unit of $249,167 and a price per square foot of $245. The property's location on North Lombard Street, a major arterial, provides easy access to Interstate 5 and the greater Portland metropolitan area. The building's age presents a significant value-add opportunity with potential for increased rental income. The property's Assessed Parcel Number (APN) is R224241. This multifamily investment offers a strong 5.93% cap rate. Don't miss this chance to acquire a well-located, value-add property in a thriving Portland neighborhood.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Portland
- County
- Multnomah
- State
- Oregon
- Longitude
- -122.691
- Latitude
- 45.5774
