Multifamily

Everett Station Lofts

625 NW Everett St, Portland, OR 97209

Listing Price: $9,550,000

Cap Rate
4.49%
Number of Units
47
Price/Unit
$203,191
Price/Gross SF
$203.55
Gross SF
46,918

Investment Overview

Everett Station Lofts is an affordable artist community in the heart of Downtown Portland, Oregon’s Old Town-Chinatown Neighborhood. Constructed in 1925 with a wood frame and brick façade, the Everett Station Lofts features 11 one bedrooms, 23 two bedrooms, and 13 three bedrooms. Each apartment feature exposed brick and beams with LED lighting & air conditioning. This pet friendly community includes a rooftop lounge with garden. Many of our floor plans include loft space, perfect to use as a work space for creating beautiful works of art. Additionally, many of our ground floor homes have the unique opportunity of functioning as a gallery space to showcase your work. Considered a “Walker’s Paradise” with a 99 Walk Score and unlimited options for shopping, dining, entertainment and sightseeing, there is never a dull moment. Everett Station Lofts boasts a 96 Transit Score and a 99 Bike Score. The Portland Metro Area consistently ranks among the nation’s lowest for apartment vacancy rates. The region is home to dozens of major corporations including Fortune 500 Companies: Nike and Lithia Motors. Portland is home to the headquarters of Fortune 500 companies Nike and Lithia Motors. Portland’s educated workforce, affordable cost of living, and low cost of doing business compared to other tech centers have attracted major branches from companies such as Airbnb, Google, Squarespace, Mozilla, Simple, Survey Monkey, SalesForce and New Relic, Inc. Portland’s tech startup companies include Viewpoint, Jama Software, Thetus, Urban Airship, Acquia, Elemental Technologies, Act-On, Puppet Labs, and The Clymb. Everett Station Lofts has access to the MAX Light Rail Train and Portland Street Car and is near Amtrak at Union Station. Some neighborhood highlights are the Lan Su Chinese Garden, Portland’s Historic Park Blocks, The North Park Blocks, Voodoo Doughnuts, Portland Center Stage at the Armory, Portland Oregon Old Town Sign, Pioneer Square, Tom McCall Waterfront Park, Ankeny Alley, Skidmore Fountain, and Portland’s Historic Shanghai Tunnels.

Investment Highlights

  • Affordable artist community
  • Located in Portland, OR - great location
  • Close to multiple Fortune 500 companies

Exclusively Listed By

Broker of Record

  • Adam A. Lewis

    Vice President/Regional Manager

    License(s): OR: 201209561

    Oregon

Listing Price: $9,550,000

Cap Rate
4.49%
Number of Units
47
Price/Unit
$203,191
Price/Gross SF
$203.55
Gross SF
46,918

Investment Highlights

  • Affordable artist community
  • Located in Portland, OR - great location
  • Close to multiple Fortune 500 companies

Investment Overview

Everett Station Lofts is an affordable artist community in the heart of Downtown Portland, Oregon’s Old Town-Chinatown Neighborhood. Constructed in 1925 with a wood frame and brick façade, the Everett Station Lofts features 11 one bedrooms, 23 two bedrooms, and 13 three bedrooms. Each apartment feature exposed brick and beams with LED lighting & air conditioning. This pet friendly community includes a rooftop lounge with garden. Many of our floor plans include loft space, perfect to use as a work space for creating beautiful works of art. Additionally, many of our ground floor homes have the unique opportunity of functioning as a gallery space to showcase your work. Considered a “Walker’s Paradise” with a 99 Walk Score and unlimited options for shopping, dining, entertainment and sightseeing, there is never a dull moment. Everett Station Lofts boasts a 96 Transit Score and a 99 Bike Score. The Portland Metro Area consistently ranks among the nation’s lowest for apartment vacancy rates. The region is home to dozens of major corporations including Fortune 500 Companies: Nike and Lithia Motors. Portland is home to the headquarters of Fortune 500 companies Nike and Lithia Motors. Portland’s educated workforce, affordable cost of living, and low cost of doing business compared to other tech centers have attracted major branches from companies such as Airbnb, Google, Squarespace, Mozilla, Simple, Survey Monkey, SalesForce and New Relic, Inc. Portland’s tech startup companies include Viewpoint, Jama Software, Thetus, Urban Airship, Acquia, Elemental Technologies, Act-On, Puppet Labs, and The Clymb. Everett Station Lofts has access to the MAX Light Rail Train and Portland Street Car and is near Amtrak at Union Station. Some neighborhood highlights are the Lan Su Chinese Garden, Portland’s Historic Park Blocks, The North Park Blocks, Voodoo Doughnuts, Portland Center Stage at the Armory, Portland Oregon Old Town Sign, Pioneer Square, Tom McCall Waterfront Park, Ankeny Alley, Skidmore Fountain, and Portland’s Historic Shanghai Tunnels.

Exclusively Listed By

Broker of Record

  • Adam A. Lewis

    Vice President/Regional Manager

    License(s): OR: 201209561

    Oregon

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