1825 Rosa Parks Way Portland, OR 97217
- Apartment buildings
- 8,337 SF
- 0.11 lot acres
Current Use by Public Records
- Rosa Parks Apartments / Apartment Building
Property Details for 1825 Rosa Parks Way
- Year built
- 2021
- Lot size
- 0.11 lot acres
- Property size
- 8,337 SF
- Zone code
- R1
- Property type
- Apartment buildings
- APN
- 1N1E16AD 14500
- APU
- 1N1E16AD14500
Description
This exceptional Class A, 14-unit apartment building presents a compelling investment opportunity in Portland, Oregon's desirable Arbor Lodge neighborhood. Completed in 2022, this new construction property boasts a total of 8,337 square feet, offering a compelling price per square foot of $479.19 and a price per unit of $285,357.14. The asking price for this multifamily investment is $3,995,000, representing a 4.84% cap rate (pro-forma). The building is zoned RM3 and features a rapid lease-up due to its modern amenities and prime location. Individual unit details are not provided in this listing. Investors will appreciate the strong performance metrics and the potential for continued growth in this thriving Portland neighborhood. The property is conveniently located at 1825 N Rosa Parks Way, Portland, OR 97217, within Multnomah County. Further information, including building specifications and financial details, is available upon request. This is a turnkey opportunity for investors seeking a high-performing asset in a sought-after market. The building's modern design and convenient location contribute to its strong appeal to renters. This property offers a rare chance to acquire a newly constructed, high-quality multifamily asset in a rapidly growing area.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Portland
- County
- Multnomah
- State
- Oregon
- Longitude
- -122.686
- Latitude
- 45.5702
- CBSA code
- 38900
- CBSA name
- PORTLAND-VANCOUVER-BEAVERTON, OR-WA METROPOLITAN STATISTICAL AREA
