1450 Jefferson StPortland, OR 97201

Property Details for 1450 Jefferson St

Year built

2016

Lot size

0.24 AC

Property size (Sq ft)

38,106 SF

Zone code

CXD

Property type

Apartment buildings

APN

1S1E04AB 03100

APU

1S1E04AB03100

Description

This exceptional 61-unit Class A apartment building, constructed in 2018, presents a compelling investment opportunity in Portland's desirable Goose Hollow neighborhood. Located at 1450 SW Jefferson St, this six-story building boasts 38,106 square feet on a 0.24-acre lot (APN: R246899, R246900). The property features a mix of studio, one, and two-bedroom units, each equipped with modern amenities including washer/dryer, quartz countertops, stainless steel appliances, and floor-to-ceiling windows. Many units offer open floor plans, balconies, and walk-in closets. Building amenities include a spacious resident lounge/lobby, secure entry, and private bike storage. The property benefits from its proximity to the TriMet MAX Light Rail line, offering convenient access to public transportation. The asking price is $11,150,000, representing a price per unit of $182,786.89 and a 4.47% cap rate. Assumable financing is available at a 4.46% interest rate. The permitted zoning is CXD. This property offers a strong return on investment with its prime location, modern features, and attractive financial terms. The building's high-quality construction and desirable amenities ensure strong occupancy rates and consistent rental income.

• CAP approach

  CAP return

  Valuation

  6%

  $12,978,081

  6.5%

  $11,979,767

  7%

  $11,124,069

• Comparable approach

  Method

  Valuation

  Relative Method

  $11,374,603

  Geo Method

  $11,374,603

• Alternative Use

  Use

  Valuation

  Residential

  $11,979,767

  Hospitality

  $10,973,402

  Educational

  $9,129,742

  Medical

  $9,443,727

  Retail

  $14,201,820

Location Insight

City

Portland

County

Multnomah

State

Oregon

Latitude

45.5171

Longitude

-122.689

CBSA code

38900

CBSA name

PORTLAND-VANCOUVER-BEAVERTON, OR-WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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