Investment Real Estate - Portland, Oregon - Property Detail

<< Back to Property Search

Sold

Burnside Station Apartments

https://www.josephbernard.net/burnside_station

Address:: 18200 NE Couch Street, Portland, Oregon 97230

Price:: $2,121,000

Units:: 43

Price per unit:: $58,140

Cap Rate:: 9.32%

Year Built:: 1996

Highlights

MAX Light Rail 1 Block Away
Washer / Dryer Hookups in Each Unit
Garages & Storage Units
Gated Community with Ample Parking
Newer 1996 Built
32 Townhouse Style Units

Get More Information

Please fill out the fields below to receive further information about Burnside Station Apartments

Sold

Burnside Station Apartments

Summary

The Burnside Station Apartments are a 43 unit gated community located on NE Couch Street at 182nd Avenue in Portland, Oregon. This 1996-built property features 11 two bedroom flats and 32 two bedroom townhouse style units. The TriMet MAX Light Rail stops just one block away at E Burnside Street, giving residents of this community easy access to Portland's extensive public transportation system.

This property features ample parking, garages, and storage units. Unit features include a balcony or patio and washer/dryer hookups in each unit.

Highlights

MAX Light Rail 1 Block Away
Washer / Dryer Hookups in Each Unit
Garages & Storage Units
Gated Community with Ample Parking
Newer 1996 Built
32 Townhouse Style Units

Sold

Burnside Station Apartments

Burnside Station is located at 182nd Avenue on NE Couch STreet in the Rockwood neighborhood of Portland, Oregon. Rockwood has been named the "Gateway to Gresham". It straddles the MAX Light Rail line and forms the primary western approach to the city.

In 2003, as a result of public desire for change, Gresham residents voted to designate Rockwood as an Urban Renewal Area for a 20 year period. New construction is set to a two story minimum, and has to have a mix of uses. New buildings are to embrace the light rail and orient their faces towards transit. All of this is intended to provide quality jobs and commercial and housing opportunities for its residents, while reinforcing walking and community engagement.

In 2008 Money Magazine named Portland one of the "Top 10 Places to Live". Portland is also well known for its strong land-use planning and investment into public transportation. Some of the larger Portland employers include Nike, Columbia Sportswear, Tektronix, Precision Castparts Corp, and Mentor Graphics Corp.