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Multifamily

Montana 11

6712 N Montana Ave, Portland, OR 97217

Listing Price: $2,650,000

Cap Rate
4.52%
Number of Units
11
Occupancy
95.0%
Price/Unit
$240,909
Price/Gross SF
$359.52
Gross SF
7,371

Investment Overview

Assumable loan at 3.06% through 2026. Located in North Portland in the Arbor Lodge neighborhood, these apartments have a modern, refined and yet very homey design with an open concept. Large windows and careful design lend a natural light to the space which emanates throughout your home. Bright quartz countertops and white wood cabinetry really compliment the natural flow of light into the space. The property is tucked on a quiet street while being walkable and bikeable to many of the areas amenities. The Arbor Lodge neighborhood offers a mix of new development and historic homes. Arbor Lodge gives easy access to downtown Portland via the Interstate Max Line as well as major freeway ramps to I-5 just on the outskirts of the area. Aside from the excellent transportation, Arbor Lodge has had growth in its independent businesses and many improvements to its local grocery markets. Within the last decade, a renovated Fred Meyer and brand new New Seasons Market were established that helped improve food accessibility and convenience for Arbor Lodge locals. What gives the area its charm, is the variety of local shops that have emerged and are flourishing. From quaint coffee shops to elegant boutiques, the area has great accessibility for both walking and cycling, in true Portland fashion. 

Investment Highlights

  • High-end and modern new construction building
  • Centrally located and close proximity to highway and light rail
  • Large windows and lots of natural light

Exclusively Listed By

Listing Price: $2,650,000

Cap Rate
4.52%
Number of Units
11
Occupancy
95.0%
Price/Unit
$240,909
Price/Gross SF
$359.52
Gross SF
7,371

Investment Highlights

  • High-end and modern new construction building
  • Centrally located and close proximity to highway and light rail
  • Large windows and lots of natural light

Investment Overview

Assumable loan at 3.06% through 2026. Located in North Portland in the Arbor Lodge neighborhood, these apartments have a modern, refined and yet very homey design with an open concept. Large windows and careful design lend a natural light to the space which emanates throughout your home. Bright quartz countertops and white wood cabinetry really compliment the natural flow of light into the space. The property is tucked on a quiet street while being walkable and bikeable to many of the areas amenities. The Arbor Lodge neighborhood offers a mix of new development and historic homes. Arbor Lodge gives easy access to downtown Portland via the Interstate Max Line as well as major freeway ramps to I-5 just on the outskirts of the area. Aside from the excellent transportation, Arbor Lodge has had growth in its independent businesses and many improvements to its local grocery markets. Within the last decade, a renovated Fred Meyer and brand new New Seasons Market were established that helped improve food accessibility and convenience for Arbor Lodge locals. What gives the area its charm, is the variety of local shops that have emerged and are flourishing. From quaint coffee shops to elegant boutiques, the area has great accessibility for both walking and cycling, in true Portland fashion. 

Exclusively Listed By

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