For Sale
$1,750,000

5013-5025 View Point TerPortland, OR 97239

Five-unit apartment building, excellent ROI.

Overview

Added:
Dec 11, 2024
Days on market:
120
Exceptional investment opportunity awaits with this five-unit apartment building situated in desirable Southwest Portland, Oregon. This property, comprised of two buildings constructed in 1979 and 1991, boasts a total of 8,365 square feet on a 0.23-acre lot. The two-story buildings offer a mix of one-, three-, and four-bedroom units, each featuring spacious layouts. Recent upgrades enhance the appeal, with desirable amenities including fully equipped kitchens featuring stainless steel appliances, fireplaces, in-unit washer/dryers, and private balconies or patios. Attached garages provide convenient parking. The average unit rent is $1,673, generating a strong 6.12% cap rate on the $1,750,000 asking price, or $350,000 per unit. Located on a quiet, tree-lined street, the property enjoys easy access to downtown Portland (less than 10 minutes away) and is conveniently situated just five minutes from Oregon Health & Science University, benefiting from a large pool of potential tenants. This prime location offers residents a blend of peaceful suburban living and convenient proximity to urban amenities, making it an ideal investment for both owner-occupants and investors seeking a high-return property in a thriving market. The property address is 5013-5025 S View Point Terrace, Portland, OR 97239.

Highlights

  • Five-unit apartment building in desirable Southwest Portland.
  • 8,365 square feet on a 0.23-acre lot; built in 1979 and 1991.
  • Mix of one-, three-, and four-bedroom units with updated kitchens, fireplaces, in-unit laundry, and private balconies/patios.
  • Attached garages and strong tenant demand near OHSU.
  • $1,750,000 asking price with a 6.12% cap rate and $1,673 average monthly rent.

Property Details for 5013-5025 View Point Ter

Property type
Apartment buildings
Square Feet
8,365 SF
Year Built
1979
Buildings
2
Stories
2
Lot Size (sq. ft)
10,019 SF
Units
5

Location Insight

City
Portland
County
Multnomah
State
Oregon
Latitude
45.486856
Longitude
-122.678096
5013-5025 View Point Ter, Portland, Oregon

FAQs

What type of property is this?
Apartment building - Five-unit apartment building, excellent ROI.
Where is the apartment building located?
The property is located at 5013-5025 View Point Ter Portland, OR.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Five-unit apartment building in desirable Southwest Portland.; 8,365 square feet on a 0.23-acre lot; built in 1979 and 1991.; Mix of one-, three-, and four-bedroom units with updated kitchens, fireplaces, in-unit laundry, and private balconies/patios.
How can I contact the broker?
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5013-5025 View Point Ter
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