Multifamily

The Skidmore

4227 N Massachusetts Ave, Portland, OR 97217

Listing Price: $3,150,000

Cap Rate
4.76%
Number of Units
12
GRM
14.70
Occupancy
95.0%
Price/Unit
$262,500
Price/Gross SF
$349.69
Gross SF
9,008

Investment Overview

Marcus & Millichap is pleased to exclusively represent the sale of The Skidmore, a newly-completed residential construction ideally situated by Interstate & Skidmore, two essential thoroughfares filled with amenities and attractions, and connecting The Skidmore to all that Portland has to offer.
The Skidmores twelve units are comprised of six two-bedroom, 1.5-bathroom townhomes which occupy the second and third stories, complemented by six one-bedroom, one-bathroom flats on the first floor. Units feature quartz counters, stainless appliances, air-conditioning, modern light fixtures and in-unit stackable washer/dryers.
The Skidmore is located within the Overlook submarket of Portland, Oregon, along the vibrant Interstate Avenue corridor. The neighborhood offers an abundance of commercial storefronts, apartments and single-family homes, and numerous dining options. The location is a quick 3.2 miles from downtown Portland, offering tenants easy access to major urban employment centers. The location has experienced continual growth with a projected 11.65% increase over the next five years within a one-mile radius.

Investment Highlights

  • 2016 Construction
  • Six Two-Bed Townhouses, Six One-Bed Flats
  • Located at Interstate & Skidmore

Exclusively Listed By

Listing Price: $3,150,000

Cap Rate
4.76%
Number of Units
12
GRM
14.70
Occupancy
95.0%
Price/Unit
$262,500
Price/Gross SF
$349.69
Gross SF
9,008

Investment Highlights

  • 2016 Construction
  • Six Two-Bed Townhouses, Six One-Bed Flats
  • Located at Interstate & Skidmore

Investment Overview

Marcus & Millichap is pleased to exclusively represent the sale of The Skidmore, a newly-completed residential construction ideally situated by Interstate & Skidmore, two essential thoroughfares filled with amenities and attractions, and connecting The Skidmore to all that Portland has to offer.
The Skidmores twelve units are comprised of six two-bedroom, 1.5-bathroom townhomes which occupy the second and third stories, complemented by six one-bedroom, one-bathroom flats on the first floor. Units feature quartz counters, stainless appliances, air-conditioning, modern light fixtures and in-unit stackable washer/dryers.
The Skidmore is located within the Overlook submarket of Portland, Oregon, along the vibrant Interstate Avenue corridor. The neighborhood offers an abundance of commercial storefronts, apartments and single-family homes, and numerous dining options. The location is a quick 3.2 miles from downtown Portland, offering tenants easy access to major urban employment centers. The location has experienced continual growth with a projected 11.65% increase over the next five years within a one-mile radius.

Exclusively Listed By

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