3755 Williams AvePortland, OR 97227

For Sale
$7,538,177

30-unit luxury apartment building, high cap rate.

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional 30-unit Class A apartment building, completed in 2024, presents a compelling investment opportunity in North Portland's vibrant market. Boasting 12,092 square feet of rentable space within a 16,546 square foot building, the property features a desirable mix of studio and one-bedroom units. Each unit is equipped with modern amenities including in-unit washer/dryer, gas range, quartz countertops, stainless steel appliances, and floor-to-ceiling windows. The open floor plans and modern design create a highly desirable living environment. Residents enjoy a spacious central courtyard, free bike parking, and secure building entry. The property's prime location offers convenient access to multiple TriMet lines, local restaurants, retailers, and major employers such as Adidas, Daimler, and Kaiser Permanente. The asking price is $7,538,177, representing a compelling $243,167 per unit and a projected 5.00% cap rate. Currently in lease-up, this property offers immediate income potential and strong long-term growth prospects. The building's four stories house a total of 30 units, making it an ideal investment for those seeking a high-return multifamily asset in a thriving urban location. This is a brand new, move-in ready property with significant upside potential.

Highlights

  • Sale Price: $7,538,177 ($243,167 per unit)
  • Pro Forma Cap Rate: 5.00%
  • 30 Units: Mix of studios and one-bedroom apartments
  • 12,092 SF Rentable Area, 16,546 SF Gross Building Area

Property Details for 3755 Williams Ave

Property type
Multifamily properties, Apartment buildings
Square Feet
12,092 SF
Class
A
Year Built
2024
Stories
4
Units
30

Location Insight

City
Portland
County
Multnomah
State
Oregon
Latitude
45.550098001744
Longitude
-122.6666981833
3755 Williams Ave, Portland, Oregon

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3755 Williams Ave
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