4785 Albina AvePortland, OR 97217

For Sale
$2,595,000

Brand new luxury 6-unit apartment building

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a brand-new, six-unit apartment building located at 4785 N Albina Ave, Portland, Oregon, 97217. Completed in 2024, this Class A property boasts 5,520 square feet of net rentable space, situated on a 5,000 square foot lot. The building features three stories and is zoned RM2 - Residential Multi-Dwelling 2. Each of the six units offers two bedrooms and two bathrooms, showcasing condo-grade finishes including high ceilings, quartz countertops, and private exterior patios or decks. All units are currently in the lease-up phase, promising immediate income generation. The asking price is $2,595,000, translating to $432,500 per unit and $470.11 per square foot. This low-maintenance asset is located in a highly desirable Portland neighborhood, offering a compelling investment opportunity with a projected 5.52% capitalization rate. The property's abundant natural light and modern design elements contribute to its high appeal and potential for strong rental income. This is a rare chance to acquire a newly constructed, high-quality multifamily property in a prime location.

Highlights

  • Brand new multifamily construction.
  • 100% leased.
  • Low-maintenance property in a desirable location.
  • Units boast high ceilings, quartz countertops, private patios/decks, and ample natural light.

Property Details for 4785 Albina Ave

Property type
Multifamily properties, Apartment buildings
Square Feet
5,520 SF
Class
A
Year Built
2024
Buildings
1
Stories
3
Units
6

Location Insight

City
Portland
County
Multnomah
State
Oregon
Latitude
45.557762683869
Longitude
-122.67493138887
4785 Albina Ave, Portland, Oregon

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4785 Albina Ave
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