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Multifamily

1314 SW Hall Street

1314 SW Hall St, Portland, OR 97201

Listing Price: $1,025,000

Cap Rate
4.55%
Number of Units
5
Occupancy
100.0%
Price/Unit
$205,000
Price/Gross SF
$224.98
Gross SF
4,556

Investment Overview

1314 SW Hall Street Apartments is a well maintained 5-unit property located less than 0.5 miles from Portland State University and less than 0.25 miles from I-405 providing great access to the city and major thruways while also providing privacy for its residents. Built in 1905 the property has been owned and maintained by an architect and his wife for several decades. Over this time they have maintained the property’s historic character with a period correct exterior while integrating a number of the modern updates necessary for today's code and living standards. Its large one-bedroom units feature a bonus room with the potential to create a second bedroom.* The asset offers two shared covered balconies, shared private garden space and potential for management efficiencies that include better utilization of its basement space and storage. The property is conveniently located near the Schnitzer Concert Hall, the Portland Art Museum, the Oregon History Museum, and downtown's financial district. *Buyer responsible for investigating the possibility of unit conversion thru its own due diligence inspections.

Investment Highlights

  • Great Location Near Portland State University and Close Access to Downtown
  • Large Updated Units
  • Potential for Additional Income from Storage and Under Utilized Basement
  • Numerous Updates to Envelope including but not limited to, Plumbing, Electrical and Roof

Exclusively Listed By

Listing Price: $1,025,000

Cap Rate
4.55%
Number of Units
5
Occupancy
100.0%
Price/Unit
$205,000
Price/Gross SF
$224.98
Gross SF
4,556

Investment Highlights

  • Great Location Near Portland State University and Close Access to Downtown
  • Large Updated Units
  • Potential for Additional Income from Storage and Under Utilized Basement
  • Numerous Updates to Envelope including but not limited to, Plumbing, Electrical and Roof

Investment Overview

1314 SW Hall Street Apartments is a well maintained 5-unit property located less than 0.5 miles from Portland State University and less than 0.25 miles from I-405 providing great access to the city and major thruways while also providing privacy for its residents. Built in 1905 the property has been owned and maintained by an architect and his wife for several decades. Over this time they have maintained the property’s historic character with a period correct exterior while integrating a number of the modern updates necessary for today's code and living standards. Its large one-bedroom units feature a bonus room with the potential to create a second bedroom.* The asset offers two shared covered balconies, shared private garden space and potential for management efficiencies that include better utilization of its basement space and storage. The property is conveniently located near the Schnitzer Concert Hall, the Portland Art Museum, the Oregon History Museum, and downtown's financial district. *Buyer responsible for investigating the possibility of unit conversion thru its own due diligence inspections.

Exclusively Listed By

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