3705 Overlook BlvdPortland, OR 97227

For Sale
$15,550,000

62-unit luxury apartment building, Portland, OR

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional Class A, 62-unit apartment building, constructed in 2015, presents a compelling investment opportunity. Located at 3705 N Overlook Blvd in Portland, Oregon's desirable Multnomah County (zip code 97227), this six-story building boasts 48,474 square feet of gross building area on a 14,449 square foot lot. The property features a mix of one- and two-bedroom units, each equipped with modern amenities including washers and dryers, nine-foot ceilings, quartz countertops, stainless steel appliances, and floor-to-ceiling windows. Select units offer balconies and walk-in closets. Residents enjoy a spacious lounge and fitness room. The building offers 17 parking spaces and 127 bike parking spots. Its prime location offers convenient access to the TriMet MAX Yellow Line and major employers such as Adidas, Daimler, and Kaiser Permanente, as well as the central business district. The asking price is $15,550,000, representing $250,806 per unit, with a 5.13% cap rate. Assumable financing at 4.91% is available. The property's APN is R697139. This is a rare opportunity to acquire a high-quality, well-located multifamily asset with strong potential for future growth.

Highlights

  • Assumable financing available.
  • Units feature washers/dryers, 9-foot ceilings, quartz countertops, and stainless steel appliances.
  • Select units offer floor-to-ceiling windows, open floor plans, balconies, and walk-in closets.
  • Building amenities include a resident lounge and fitness center.
  • Conveniently located near the TriMet MAX Yellow Line.
  • Close proximity to major employers including Adidas, Daimler, Kaiser Permanente, and the central business district.

Property Details for 3705 Overlook Blvd

Property type
Multifamily properties, Apartment buildings
Square Feet
48,474 SF
Class
A
Year Built
2015
Buildings
1
Stories
6
Units
62

Location Insight

City
Portland
County
Multnomah
State
Oregon
Latitude
45.54960769
Longitude
-122.68181836
3705 Overlook Blvd, Portland, Oregon

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3705 Overlook Blvd
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