Benson Alexander | 2486 NW Westover Rd
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Benson Alexander 2486 NW Westover Rd
17 Unit Apartment Building $2,725,000 ($160,294/Unit) 5.26% Cap Rate Portland, OR 97210
Investment Highlights
- Excellent NW Portland Location
- Two blocks from NW 23rd Avenue
- Spacious units
Executive Summary
The Benson Alexander is a 17-unit apartment building built in 1927 in northwest Portland, Oregon. The property features 17 studio and one-bedroom apartments and five garages.
The asset is located in the desirable Alphabet District and is just two blocks from the NW 23rd Avenue shopping and dining corridor, featuring numerous restaurants, shops, and boutiques. Forest Park and Washington Park, which includes the International Rose Test Garden and Portland Japanese Garden, are a short walk or ride from the Benson Alexander.
The asset is located in the desirable Alphabet District and is just two blocks from the NW 23rd Avenue shopping and dining corridor, featuring numerous restaurants, shops, and boutiques. Forest Park and Washington Park, which includes the International Rose Test Garden and Portland Japanese Garden, are a short walk or ride from the Benson Alexander.
Property Facts
| Price | $2,725,000 | Apartment Style | Mid Rise |
| Price Per Unit | $160,294 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.11 AC |
| Cap Rate | 5.26% | Building Size | 18,855 SF |
| No. Units | 17 | No. Stories | 5 |
| Property Type | Multifamily | Year Built | 1927 |
| Property Subtype | Apartment |
| Price | $2,725,000 |
| Price Per Unit | $160,294 |
| Sale Type | Investment |
| Cap Rate | 5.26% |
| No. Units | 17 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid Rise |
| Building Class | B |
| Lot Size | 0.11 AC |
| Building Size | 18,855 SF |
| No. Stories | 5 |
| Year Built | 1927 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 4 | - | 586 |
| 1+1 | 13 | - | 700 |
Walk Score®
Walker's Paradise (95)
Bike Score®
Very Bikeable (74)
PROPERTY TAXES
| Parcel Number | R198436 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,485,830 |
PROPERTY TAXES
Parcel Number
R198436
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,485,830
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Benson Alexander | 2486 NW Westover Rd
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