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Multifamily

Everett Micro Lofts

318 NW Broadway, Portland, OR 97209

Listing Price: $3,800,000

Cap Rate
3.74%
Number of Units
21
Price/Unit
$180,952
Price/Gross SF
$357.14
Gross SF
10,640

Investment Overview

Everett Micro Lofts is a beautifully renovated building consisting of 18 market rate lofts in the heart of Portland on NW Broadway at NW Everett residing above 3 quaint commercial shops on the main floor! The new owner will have a diversified building of both residential and commercial. All of the amenities are new but the vintage charm remains. Enjoy a quick walk to shops, restaurants, bars, and Pacific Northwest College of Art. If you don’t feel like walking, Everett Micro Lofts is also located on transit lines for easy access around the greater Portland area and just around the corner from Union Station. This pet friendly community directly on Broadway. 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 Micro 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 Micro Lofts is around the block from 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

  • Quick walk to bars, restaurants, transportation options and Pacific Northwest College of Art.
  • Walk Score of 99, Transit Score of 100 and Bike Score of 99.
  • 18 market rate lofts, with three commercial units on the main floor.

Exclusively Listed By

Listing Price: $3,800,000

Cap Rate
3.74%
Number of Units
21
Price/Unit
$180,952
Price/Gross SF
$357.14
Gross SF
10,640

Investment Highlights

  • Quick walk to bars, restaurants, transportation options and Pacific Northwest College of Art.
  • Walk Score of 99, Transit Score of 100 and Bike Score of 99.
  • 18 market rate lofts, with three commercial units on the main floor.

Investment Overview

Everett Micro Lofts is a beautifully renovated building consisting of 18 market rate lofts in the heart of Portland on NW Broadway at NW Everett residing above 3 quaint commercial shops on the main floor! The new owner will have a diversified building of both residential and commercial. All of the amenities are new but the vintage charm remains. Enjoy a quick walk to shops, restaurants, bars, and Pacific Northwest College of Art. If you don’t feel like walking, Everett Micro Lofts is also located on transit lines for easy access around the greater Portland area and just around the corner from Union Station. This pet friendly community directly on Broadway. 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 Micro 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 Micro Lofts is around the block from 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

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