Investment Real Estate - Portland, Oregon - Property Detail

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NW Savier Street

https://www.josephbernard.net/2521-2529-nw-savier-street

Address:: 2521-2529 NW Savier St, Portland, Oregon 97210

Price:: $930,000

Units:: 5

Price per unit:: $186,000

Cap Rate:: 4.85%

Year Built:: 1968

Highlights

Premiere Northwest Portland location
Historically strong sub-market, with the highest rent per square foot in the Portland metro
Large units, with upside rent potential
On-site parking for each unit
On-site laundry room
Quiet residential location within NW Portland, but just steps away from the amenities of the Alphabet District
Walk Score: 95 (Walker's Paradise)
Bike Score: 97 (Biker's Paradise)

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NW Savier Street

Summary

The 25^th & Savier apartments are located in the highly sought after sub-market of NW Portland. The property is nestled on a quiet residential street, providing a peaceful setting - but is just steps away from all the amenities Northwest 23^rd Ave, Nob Hill, and the Pearl District have to offer. The community is comprised of 1BR/1BA and 2BR/1BA apartments, and each tenant is provided with a dedicated off-street parking space. The units are large, and present an investor with a value add opportunity through further renovation & bringing rents to market. A rare opportunity to acquire a small community within the premiere neighborhood of Northwest Portland.

Highlights

Premiere Northwest Portland location
Historically strong sub-market, with the highest rent per square foot in the Portland metro
Large units, with upside rent potential
On-site parking for each unit
On-site laundry room
Quiet residential location within NW Portland, but just steps away from the amenities of the Alphabet District
Walk Score: 95 (Walker's Paradise)
Bike Score: 97 (Biker's Paradise)