1450 Jefferson St, Portland, OR 97201-2567

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.