1450 Jefferson St Portland, OR 97201-2567
- Apartment buildings
- 38,106 SF
- 0.24 lot acres
Current Use by Public Records
- Goose Hollow Lofts / Apartment Building / Apartment Complex
Property Details for 1450 Jefferson St
- Year built
- 2016
- Lot size
- 0.24 lot acres
- Property size
- 38,106 SF
- Zone code
- CXD
- Property type
- Apartment buildings
- APN
- 1S1E04AB 03100
- APU
- 1S1E04AB03100
Description
This exceptional 61-unit Class A apartment building, constructed in 2018, presents a compelling investment opportunity in Portland's desirable Goose Hollow neighborhood. Located at 1450 SW Jefferson St, this six-story building boasts 38,106 square feet on a 0.24-acre lot (APN: R246899, R246900). The property features a mix of studio, one, and two-bedroom units, each equipped with modern amenities including washer/dryer, quartz countertops, stainless steel appliances, and floor-to-ceiling windows. Many units offer open floor plans, balconies, and walk-in closets. Building amenities include a spacious resident lounge/lobby, secure entry, and private bike storage. The property benefits from its proximity to the TriMet MAX Light Rail line, offering convenient access to public transportation. The asking price is $11,150,000, representing a price per unit of $182,786.89 and a 4.47% cap rate. Assumable financing is available at a 4.46% interest rate. The permitted zoning is CXD. This property offers a strong return on investment with its prime location, modern features, and attractive financial terms. The building's high-quality construction and desirable amenities ensure strong occupancy rates and consistent rental income.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $9,720,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $11,755,000
- 6.5%
- $12,150,000
- 7%
- $10,745,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $11,200,000
- Geo Method
- $12,905,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $9,820,000
- Retail
- $10,355,000
- Mixed-Use
- $9,630,000
- Hospitality
- $10,490,000
- Educational
- $9,245,000
- Residential Income
- $10,850,000
- Energy
- $9,865,000
- Income-Based Land
- $11,025,000
- Food Service
- $9,565,000
Location Insight
- Map
- Local Demand
- City
- Portland
- County
- Multnomah
- State
- Oregon
- Longitude
- -122.689
- Latitude
- 45.5171
- CBSA code
- 38900
- CBSA name
- PORTLAND-VANCOUVER-BEAVERTON, OR-WA METROPOLITAN STATISTICAL AREA
