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Multifamily

The Savona

4620 N Maryland Ave, Portland, OR 97217

Listing Price: $4,750,000

Cap Rate
4.67%
Number of Units
24
GRM
11.37
Occupancy
95.0%
Price/Unit
$197,917
Price/Gross SF
$432.21
Gross SF
10,990

Investment Overview

Marcus & Millichap is pleased to exclusively represent the sale of The Savona Apartments, a beautifully-finished asset in North Portland. The property is comprised of 24 one-bedroom units, all of which feature large windows, convertible living spaces, full-size washer and dryers, and recessed lighting.

Situated less than two miles west of a channel of the Willamette River, residents enjoy river views and nearby river access.

The North Portland neighborhood offers residents fantastic local amenities including expansive dining options, farmer’s markets, local bars and entertainment that creates a well-rounded
living experience.

Investment Highlights

  • Newer Construction Asset with Modern High-End Finishes
  • Attractive Middle Market Stabilized Investment
  • Two of Region's Largest Employers, Adidas and Daimler, One Mile From Savona, Creating High Likelihood of Affluent and Matured Renters
  • Residents Enjoy Easy Access to Willamette River Recreation

Exclusively Listed By

Financing By

Listing Price: $4,750,000

Cap Rate
4.67%
Number of Units
24
GRM
11.37
Occupancy
95.0%
Price/Unit
$197,917
Price/Gross SF
$432.21
Gross SF
10,990

Investment Highlights

  • Newer Construction Asset with Modern High-End Finishes
  • Attractive Middle Market Stabilized Investment
  • Two of Region's Largest Employers, Adidas and Daimler, One Mile From Savona, Creating High Likelihood of Affluent and Matured Renters
  • Residents Enjoy Easy Access to Willamette River Recreation

Investment Overview

Marcus & Millichap is pleased to exclusively represent the sale of The Savona Apartments, a beautifully-finished asset in North Portland. The property is comprised of 24 one-bedroom units, all of which feature large windows, convertible living spaces, full-size washer and dryers, and recessed lighting. Situated less than two miles west of a channel of the Willamette River, residents enjoy river views and nearby river access. The North Portland neighborhood offers residents fantastic local amenities including expansive dining options, farmer’s markets, local bars and entertainment that creates a well-rounded living experience.

Exclusively Listed By

Financing By

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