1601-1607 NW 23rd Ave
Portland, OR 97210

The Raleigh Apartments is a charming building located in Portland, Oregon's Northwest District. The property was constructed in 1904, and is comprised of eight one-bedroom/one-bath units. Two of the second floor units have been extended into finished attic space, creating an additional bonus room and a desirable townhome-style layout. The Raleigh Apartments offer upside through such cosmetic upgrades as replacing carpet with solid surface floors and updating countertops while retaining the charm of features such as original cabinetry and clawfoot tubs. The building is wood framing over concrete foundation with wood siding and a pitched composite shingle roof that was replaced in August of 2004. The units are heated with free-standing heat stoves, and kitchens have gas ranges and laminate countertops. There is substantial room for growth through upgrades to finishes including solid-surface flooring, granite or quartz countertops, and stainless appliances. There is also a basement with approximately 2,376 square feet of unrented space. Housed in the basement are the electrical panels, individual hot water heaters, and shared laundry machines. The basement has five existing exterior entrances.