For Sale
$11,200,000

1430 Cleveland St Woodburn, OR 97071

New Construction, High Occupancy, Prime Location

Overview

Added:
Dec 11, 2024
Days on market:
128
Exceptional investment opportunity: $11,200,000 asking price for this 42-unit, Class A apartment building in Woodburn, Oregon. Completed in 2024, this property boasts 36,120 square feet of net rentable space and currently enjoys 98% occupancy. The four, three-story buildings feature a mix of 42 two-bedroom, two-bathroom units, each approximately 860 square feet with private balconies or patios. Units include stainless steel appliances, microwaves, in-unit washer/dryers, air conditioning, wood-look flooring, and vaulted ceilings on the third floor. Modern amenities include covered car and bike parking, and electric vehicle charging stations. The property's strategic location offers easy access to downtown Woodburn (less than one mile), Amazon's new fulfillment center (under 10 minutes), and Woodburn Premium Outlets (under 10 minutes). This is a turnkey investment with strong potential for future growth and high returns. The price per unit is $266,666.67.

Highlights

  • $11,200,000 asking price for a 42-unit Class A apartment building.
  • New construction (2024) with 36,120 square feet of net rentable space and 98% occupancy.
  • Four three-story buildings featuring 42 two-bedroom, two-bathroom units averaging 860 square feet, each with private balconies or patios.
  • Units include stainless steel appliances, microwaves, in-unit washer/dryers, A/C, wood-look flooring, and vaulted ceilings (third floor).
  • Amenities include covered car and bike parking, and EV charging stations.
  • Excellent location: less than one mile from downtown Woodburn, and under 10 minutes from Amazon's fulfillment center and Woodburn Premium Outlets.

Property Details for 1430 Cleveland St

Property type
Apartment buildings
Class
A
Year Built
2024
Buildings
4
Stories
3
Units
42

Location Insight

City
Woodburn
County
Marion
State
Oregon
Latitude
45.1360923
Longitude
-122.8467052
1430 Cleveland St, Woodburn, Oregon

FAQs

What type of property is this?
Apartment building - New Construction, High Occupancy, Prime Location
Where is the apartment building located?
The property is located at 1430 Cleveland St Woodburn, OR.
What is the asking price?
The asking price for this property is $11,200,000.
What are key features of this property?
This property features: $11,200,000 asking price for a 42-unit Class A apartment building.; New construction (2024) with 36,120 square feet of net rentable space and 98% occupancy.; Four three-story buildings featuring 42 two-bedroom, two-bathroom units averaging 860 square feet, each with private balconies or patios.
How can I contact the broker?
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1430 Cleveland St
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