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Bridgeton Apartments

Bridgeton Apartments

https://www.josephbernard.net/bridgeton
Address:
226 N Bridgeton Road, Portland, Oregon 97217
Price:
$342,750
Units:
4
Price per unit:
$87,500
Cap Rate:
7.78%
Year Built:
1959

Highlights

  • 15,000 SF Adjoining Lot Also Available For Sale
  • On-Site Parking
  • Located Across From Lotus Bridge Marina
  • On-Site Laundry
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Bridgeton Apartments

Summary

The Bridgeton Apartments are a 4 unit community located on North Bridgeton Road and North Gatenbien Avenue in the Bridgeton neighborhood of North Portland.  This property features on-site laundry and parking, and is conveniently located across from the Lotus Bridge Marina.  The 15,000 square foot adjoining lot is also available for sale and is currently generating income as vehicle storage. The TriMet bus line runs along North Marine Drive, giving tenants easy access to Portland's extensive transportation system.

Highlights

  • 15,000 SF Adjoining Lot Also Available For Sale
  • On-Site Parking
  • Located Across From Lotus Bridge Marina
  • On-Site Laundry
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Bridgeton Apartments

Bridgeton offers a charming, small-town community feel, where many neighbors know each other by name. The area is a marine community as it is located in the south channel of the Columbia River. Bridgeton residents, while in Oregon, are located just about halfway between Portland and Vancouver, Washington making dining and shopping that much more varied in terms of options. Commuting to both cities is quick and easy during off hours. 

The Max light rail train is easily accessed by local residents and the I-5 freeway is also very close and convenient. Bridgeton is located in very close proximity to the Portland International Airport just a few minutes drive east off Marine Drive. (PortlandNeighborhood.com)

The Portland rental market is ranked #4 in the country in terms of apartment rent growth, according to Axiometrics, Inc., a provider of data and analysis on the multi-family housing sector. 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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Bridgeton Apartments

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Bridgeton Apartments

Document Title Document Type
Property Flyer Adobe PDF
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Bridgeton Apartments

Joseph Chaplik
jchaplik@josephbernard.net
Michael Candianides
mcandianides@josephbernard.net
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