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50th Place Apartments

50th Place Apartments

https://www.josephbernard.net/50th-place
Address:
4709-4823 NE 50th Place, Portland, Oregon 97218
Price:
$695,000
Units:
12
Price per unit:
$57,917
Cap Rate:
6.11%
Year Built:
1942

Highlights

  • Off-Street Parking
  • On-Site Laundry
  • All 2 Bedroom Units
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50th Place Apartments

Summary

The 50th Place Apartments are located on the corner of NE 50th Place and NE Going Street in Portland, Oregon. This single-story community was built in 1942 and features all two bedroom units, on-site laundry, and off-street parking.

Highlights

  • Off-Street Parking
  • On-Site Laundry
  • All 2 Bedroom Units
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50th Place Apartments

Cully is a culturally diverse urban neighborhood with a mix of commercial and residential development. There is a strong sense of community identity, and active neighborhood involvement in issues such as effectively addressing crime, traffic control, and generally improving the quality and livability of the area. Neighbor involvement and contributions recently helped in making the Rigler Community Garden a great success. The garden provides a great community gathering place, with an opportunity for children and adults to garden, and also helps provide a healthy food source for the surrounding community. (source: portlandneighborhoods.com)

Portland is the largest city in Oregon, and the fourth largest city on the west coast. The Portland Metro Area is home to nearly 2 million people, and sits approximately 78 miles from the ocean and 65 miles from the Cascade Mountains. Recently Portland was ranked #1 in the country in terms of lowest vacancy (US Census Bureau), and #2 in rent growth (Axiometrics, Inc.)

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.

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50th Place Apartments

4360 NE Portland Highway
4360 NE Portland Highway, Portland, ,
josephbernard
Price: $925,000 Units: 15 Price per Unit: $61,667 Cap Rate: 6.20%
5601-5635 NE Killingsworth Street
5601-5635 NE Killingsworth Street, Portland, Oregon, 97218
josephbernard
Price: $600,000 Units: 12 Price per Unit: $50,000 Cap Rate: 0.00%
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50th Place Apartments

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50th Place Apartments

Document Title Document Type
Property Flyer Adobe PDF
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50th Place Apartments

Joseph Bernard, LLC
5200 SW Macadam Avenue
Suite 300
Portland, Oregon 97239
503.546.9390 Main
866.546.9390 Toll Free
503.546.9395 Fax