Contacts
Bjorn Beer
SVN | Imbrie Realty
(541) 745-4050
Property Details
- Property Type Multi-Family
- Property Size 139,479 SF
- Units 120
- Lot Size 0.81 Acre
- Property Tenancy Multi-Tenant
- Year Built 1998
- Date Updated Feb 7, 2024
Want more info on this listing?
Reach out to the broker for more info on lease terms and amenities
Highlights
- - Approximately 20% of units are market rate, remainder on restrictions through OHCS and/or PHB
- - Loan is assumable with agency consent
- - Formerly "congregate senior housing," new owner has many other options
- - Recently updated elevator, Flood detection system installed, recent roof moss removal, gate and parking garage repairs,
- - Second Floor laundry, with recently installed card operated units
- - Adjacent to new library, close to county services, on the MAX Blue Line
- - Approximately +/-4,000 square feet for kitchen and dining room could be converted to other uses or meal services could be resumed
- - When ownership acquired in 2019, 68% occupancy. Despite Covid, occupancy now at 98%
- - Vast recent improvement to NOI after congregate (meal and cleaning) services dropped, leaving buyer with better financial position and significant rent upside.
Attachments
Getting around
-
Walk Score ®
-
Transit Score ®
-
Bike Score ®
Location
- City Portland, OR
- Neighborhood Hazelwood
- Zip Code 97220
- Market Portland
Points of Interest
-
East 122nd Avenue
0.16 miles
-
East 102nd Avenue
0.91 miles
-
Gateway/Northeast 99th Avenue Transit Center
1.24 miles
-
Southeast Main Street
1.39 miles
-
East 148th Avenue
1.41 miles
-
Southeast Division Street
1.96 miles
-
Northeast 82nd Avenue
1.96 miles
-
East 162nd Avenue
2.10 miles
-
Southeast Powell Boulevard
2.37 miles
-
East 172nd Avenue
2.60 miles
-
76
0.18 miles
-
Astro
0.37 miles
-
Space Age
0.59 miles
-
Arco
0.61 miles
-
76
0.92 miles
-
Chevron
1.01 miles
-
76
1.03 miles
-
Blink
1.07 miles
-
Arco
1.11 miles
-
Shell Express
1.39 miles
-
E 122nd/Menlo Park
0.23 miles
-
Gateway
1.24 miles
-
SE Main St
1.40 miles
-
The Columba Center
1.94 miles
-
Vestal Elementary Guest Parking
1.97 miles
-
Walgreens parking lot
2.12 miles
-
Grace Baptist Church Parking
2.17 miles
-
Lot B
2.24 miles
-
Lot A
2.28 miles
-
Lot C
2.29 miles
-
Montavilla Motel
1.13 miles
-
Ramada
1.18 miles
-
Chesnut Tree Inn
1.23 miles
-
Motel 6
1.41 miles
-
Comfort Inn & Suites
1.97 miles
-
Portland Value Inn & Suites
2.06 miles
-
Nordic Inn and Suites
2.25 miles
-
Courtesy Inn
2.33 miles
-
Prestige Inn
2.34 miles
-
Aaron Motel
2.39 miles
-
Plaza 125
0.49 miles
-
130th Stark Street Mall
0.65 miles
-
Bi-Mart
0.70 miles
-
Lily Market Oriental Food and Gifts
0.81 miles
-
WinCo Foods
0.86 miles
-
Big Lots
0.90 miles
-
WinCo Foods
0.93 miles
-
Fred Meyer
1.10 miles
-
Kohl's
1.13 miles
-
Ross
1.21 miles
In-Depth Research Available for this Property
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.
Contact Listing Broker
Bjorn Beer
SVN | Imbrie Realty
(541) 745-4050