13-Unit Vintage Multifamily Asset in Portland’s Alphabet District

Winthrop Halls is a 13-unit multifamily community comprising of two vintage apartment buildings at 714 NW 24th Avenue and 2365 NW Irving Street in Portland's Alphabet District/Nob Hill neighborhood, one of Northwest Portland's most established and consistently sought-after residential submarkets.​
Originally constructed in 1904, the Property encompasses approximately 10,379 rentable square feet with an average unit size of approximately 819 square feet.​ Winthrop Halls offers spacious floor plans with enduring architectural character, including hardwood flooring, original built-ins, oversized windows, and abundant natural light.​ Select units feature private decks or patios.​ Additional amenities include detached garage parking and secured entry access.​

The current ownership has directed significant capital investment into the Property, addressing key infrastructure and compliance priorities across both buildings.​ Highlights of the capital improvements include a comprehensive electrical panel upgrade completed across both buildings, a full roof replacement on the 2365 NW Irving Street building completed in 2023, and an extensive renovation of basement unit #12 at the Irving Street property to achieve full code compliance.​ These improvements meaningfully de-risk the asset and position the Property well for continued long-term performance.​
Winthrop Halls benefits from an exceptional Northwest Portland location one block from the NW 23rd Avenue retail and dining corridor, providing residents with immediate walkable access to boutique retail, restaurants, cafes, and green space.​ The Property also offers convenient connectivity to downtown Portland, the Pearl District, and the region's major employment centers via public transit and primary arterials.​

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