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Multifamily

Walnut Grove

3803 NE 152nd Ave, Portland, OR 97230

Listing Price: $5,500,000

Cap Rate
5.15%
Number of Units
32
Price/Unit
$171,875
Price/Gross SF
$221.01
Gross SF
24,886

Investment Overview

Marcus & Millichap is pleased to offer the Walnut Grove Apartments, a 32-unit apartment complex totaling 24,886 sq. ft at 3803 NE 152nd Ave. Portland, OR. Walnut grove is able to provide 7 1-Bedroom, 20 2-Bedroom, and 5 -Bedroom apartments to prospective renters. Originally built in 1978 the property has recently gone through many interior and exterior renovations. The property is conveniently located right off Sandy Blvd and close to many amenities that tenants can enjoy. Investors will enjoy a solid cash flow with over a 5% cap rate and room to further grow rents.

Investment Highlights

  • New roof, windows, and siding
  • Value-Add with further interior renovations
  • Close to Sandy Blvd., Costco, and I-84 freeway access
  • Proposed large-scale developments nearby

Exclusively Listed By

Multifamily

Walnut Grove

Listing Price: $5,500,000

Cap Rate
5.15%
Number of Units
32
Price/Unit
$171,875
Price/Gross SF
$221.01
Gross SF
24,886

Investment Highlights

  • New roof, windows, and siding
  • Value-Add with further interior renovations
  • Close to Sandy Blvd., Costco, and I-84 freeway access
  • Proposed large-scale developments nearby

Investment Overview

Marcus & Millichap is pleased to offer the Walnut Grove Apartments, a 32-unit apartment complex totaling 24,886 sq. ft at 3803 NE 152nd Ave. Portland, OR. Walnut grove is able to provide 7 1-Bedroom, 20 2-Bedroom, and 5 -Bedroom apartments to prospective renters. Originally built in 1978 the property has recently gone through many interior and exterior renovations. The property is conveniently located right off Sandy Blvd and close to many amenities that tenants can enjoy. Investors will enjoy a solid cash flow with over a 5% cap rate and room to further grow rents.

Exclusively Listed By

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