<< Back to Property Search
Sold

The Drake Apartments

The Drake Apartments

https://www.josephbernard.net/the-drake-apartments
Address:
2308-2326 SW Osage St, Portland, Oregon 97205
Price:
$1,950,000
Units:
12
Price per unit:
$162,500
Cap Rate:
6.51%
Year Built:
1904

Highlights

  • Rare Kings Hill investment opportunity
  • Spacious units with vintage charm
  • City and mountain views in select units
Get More Information

Please fill out the fields below to receive further information about The Drake Apartments


Sold

The Drake Apartments

Summary

Incredible Kings Hill location, with city and mountain views of downtown Portland. The Drake Apartments is comprised of 12 units, and presents an investor with a unique opportunity to capitalize on the continued growth of the downtown Portland apartment market. Units are spacious and feature period charm, various upgrades throughout, and select units with views. The majority of the units are separately metered for water/sewer, gas, and electric - providing critical cost savings to an investor. Some parking is available on-site, with the ability to potentially add more spaces (buyer to verify). Irreplaceable Kings Hill location, which will continue to reap the benefits of the growing Portland market.

Highlights

  • Rare Kings Hill investment opportunity
  • Spacious units with vintage charm
  • City and mountain views in select units
Sold

The Drake Apartments

SW Osage St/SW Green Ave

Located one block off of W Burnside St.

Sold

The Drake Apartments

image
image
image
image
image
image
image
image
image
image
image
image
image
image
image
image
image
image
image
image
image
image
image
image
image
image
image
image
image
image
image
image
image
image
image
image
image
image
image
image
image
image
image
image
image
image
image
image
image
image
image
image
image
image
image
image
image
image
Sold

The Drake Apartments

Document Title Document Type
Property Flyer Adobe PDF
Sold

The Drake Apartments

Joseph Bernard, LLC
5 Centerpointe Drive, Suite 400
Lake Oswego, OR 97035
503.546.9390 Main
866.546.9390 Toll Free
877.631.5610 Fax