2020 Building | 2020 SW Salmon St
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2020 Building 2020 SW Salmon St
55 Unit Apartment Building For Sale 5.25% Cap Rate Portland, OR 97205
Executive Summary
-CALL OR EMAIL FOR PRICING GUIDANCE
-One of Portland's Most Established Historic Neighborhoods - Goose Hollow / King's Hill
-Excellent Public Transit & Walkability: 96 "Walker's Paradise, 86 "Very Bikeable"
-One Block Removed from Multnomah Athletic Club (MAC) & Providence Park
-Iconic Mid-Century Mid-Rise Apartment Building w/ Off-Street Parking
-Diverse unit mix offering a variety of floorplans, many units with stunning views & spacious decks
-$1.7M+ Spent on Extensive Capital Expenditures & Maintenance in the Recent Term
-Building Amenities Include : Off-Street Parking, Management Office, Exercise Center, & Rooftop Deck w/ Terrace
-One of Portland's Most Established Historic Neighborhoods - Goose Hollow / King's Hill
-Excellent Public Transit & Walkability: 96 "Walker's Paradise, 86 "Very Bikeable"
-One Block Removed from Multnomah Athletic Club (MAC) & Providence Park
-Iconic Mid-Century Mid-Rise Apartment Building w/ Off-Street Parking
-Diverse unit mix offering a variety of floorplans, many units with stunning views & spacious decks
-$1.7M+ Spent on Extensive Capital Expenditures & Maintenance in the Recent Term
-Building Amenities Include : Off-Street Parking, Management Office, Exercise Center, & Rooftop Deck w/ Terrace
Data Room Click Here to Access
- Offering Memorandum
- Market Information
- Operating and Financials
Property Facts
| Sale Type | Investment | Lot Size | 0.36 AC |
| Cap Rate | 5.25% | Building Size | 55,885 SF |
| No. Units | 55 | Average Occupancy | 95% |
| Property Type | Multifamily | No. Stories | 8 |
| Property Subtype | Apartment | Year Built | 1963 |
| Apartment Style | Mid Rise | Parking Ratio | 0.55/1,000 SF |
| Building Class | C | Cross Streets | sw 20th ave |
| Sale Type | Investment |
| Cap Rate | 5.25% |
| No. Units | 55 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid Rise |
| Building Class | C |
| Lot Size | 0.36 AC |
| Building Size | 55,885 SF |
| Average Occupancy | 95% |
| No. Stories | 8 |
| Year Built | 1963 |
| Parking Ratio | 0.55/1,000 SF |
| Cross Streets | sw 20th ave |
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Disposal
- Microwave
- Refrigerator
- Oven
- Views
- Patio
- Smoke Free
- Wheelchair Accessible (Rooms)
Site Amenities
- Fitness Center
- Laundry Facilities
- Roof Terrace
- Bicycle Storage
- Elevator
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 2 | $1,235 | 275 - 400 |
| 1+1 | 40 | $1,486 | 587 - 646 |
| 2+1 | 13 | $1,863 | 742 - 856 |
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Walk Score ®
Walker's Paradise (96)
Transit Score ®
Excellent Transit (82)
Bike Score ®
Very Bikeable (86)
PROPERTY TAXES
| Parcel Number | R105806 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $5,059,320 |
PROPERTY TAXES
Parcel Number
R105806
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$5,059,320
zoning
| Zoning Code | RHd, Portland |
| RHd, Portland |
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2020 Building | 2020 SW Salmon St
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