1825 Rosa Parks WayPortland, OR 97217

Property Details for 1825 Rosa Parks Way

Year built

2021

Lot size

0.11 AC

Property size (Sq ft)

8,337 SF

Zone code

R1

Property type

Apartment buildings

APN

1N1E16AD 14500

APU

1N1E16AD14500

Description

This exceptional Class A, 14-unit apartment building presents a compelling investment opportunity in Portland, Oregon's desirable Arbor Lodge neighborhood. Completed in 2022, this new construction property boasts a total of 8,337 square feet, offering a compelling price per square foot of $479.19 and a price per unit of $285,357.14. The asking price for this multifamily investment is $3,995,000, representing a 4.84% cap rate (pro-forma). The building is zoned RM3 and features a rapid lease-up due to its modern amenities and prime location. Individual unit details are not provided in this listing. Investors will appreciate the strong performance metrics and the potential for continued growth in this thriving Portland neighborhood. The property is conveniently located at 1825 N Rosa Parks Way, Portland, OR 97217, within Multnomah County. Further information, including building specifications and financial details, is available upon request. This is a turnkey opportunity for investors seeking a high-performing asset in a sought-after market. The building's modern design and convenient location contribute to its strong appeal to renters. This property offers a rare chance to acquire a newly constructed, high-quality multifamily asset in a rapidly growing area.

• CAP approach

  CAP return

  Valuation

  6%

  $2,839,402

  6.5%

  $2,620,986

  7%

  $2,433,773

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,488,586

  Geo Method

  $2,488,586

• Alternative Use

  Use

  Valuation

  Residential

  $2,620,986

  Hospitality

  $2,400,810

  Educational

  $1,997,445

  Medical

  $2,066,141

  Retail

  $3,107,137

Location Insight

City

Portland

County

Multnomah

State

Oregon

Latitude

45.5702

Longitude

-122.686

CBSA code

38900

CBSA name

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

Property Tax & Assessments

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