3755 Williams AvePortland, OR 97227

Property Details for 3755 Williams Ave

Year built

2022

Lot size

0.14 AC

Property size (Sq ft)

9,524 SF

Zone code

EXD

Property type

Residential income properties

Property subtype

Other apartment buildings

APN

1N1E22DC 13200

APU

1N1E22DC13200

Description

This exceptional 30-unit Class A apartment building, completed in 2024, presents a compelling investment opportunity in North Portland's vibrant market. Boasting 12,092 square feet of rentable space within a 16,546 square foot building, the property features a desirable mix of studio and one-bedroom units. Each unit is equipped with modern amenities including in-unit washer/dryer, gas range, quartz countertops, stainless steel appliances, and floor-to-ceiling windows. The open floor plans and modern design create a highly desirable living environment. Residents enjoy a spacious central courtyard, free bike parking, and secure building entry. The property's prime location offers convenient access to multiple TriMet lines, local restaurants, retailers, and major employers such as Adidas, Daimler, and Kaiser Permanente. The asking price is $7,538,177, representing a compelling $243,167 per unit and a projected 5.00% cap rate. Currently in lease-up, this property offers immediate income potential and strong long-term growth prospects. The building's four stories house a total of 30 units, making it an ideal investment for those seeking a high-return multifamily asset in a thriving urban location. This is a brand new, move-in ready property with significant upside potential.

• CAP approach

  CAP return

  Valuation

  6%

  $3,243,669

  6.5%

  $2,994,156

  7%

  $2,780,288

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,842,904

  Geo Method

  $2,842,904

• Alternative Use

  Use

  Valuation

  Residential

  $2,994,156

  Hospitality

  $2,742,630

  Educational

  $2,281,836

  Medical

  $2,360,312

  Retail

  $3,549,523

Location Insight

City

Portland

County

Multnomah

State

Oregon

Latitude

45.5501

Longitude

-122.667

CBSA code

38900

CBSA name

PORTLAND-VANCOUVER-BEAVERTON, OR-WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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