Savona Apartments | 4620 N Maryland Ave
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Savona Apartments 4620 N Maryland Ave
24 Unit Apartment Building $4,550,000 ($189,583/Unit) 5.27% Cap Rate Portland, OR 97217
Investment Highlights
- Newer Construction Asset with Modern High-End Finishes
- Twenty-Four One Bedroom Units on Quiet Cul-De-Sac
- Amenity-Rich Location with Easy Access to Job Centers
- Six Years Remaining on Assumable Financing at 3.37%, Full Term IO
- Attractive Middle Market Stabilized Investment
- Two of Region's Largest Employers, Adidas and Daimler, One Mile From Savona, Creating High Likelihood of Affluent and Matured Renters
Executive Summary
The Rhoades Group of Marcus & Millichap is pleased to exclusively represent the sale of The Savona Apartments, a beautifully-finished asset in North Portland. The property is comprised of 24 one-bedroom units, all of which feature large windows, convertible living spaces, full-size washer and dryers, and recessed lighting. Situated less than two miles west of a channel of the Willamette River, residents enjoy river views and nearby river access. The North Portland neighborhood offers residents fantastic local amenities including expansive dining options, farmer’s markets, local bars and entertainment that creates a well-rounded living experience.
Property Facts
| Price | $4,550,000 | Property Subtype | Apartment |
| Price Per Unit | $189,583 | Apartment Style | Low Rise |
| Sale Type | Investment | Building Class | B |
| Cap Rate | 5.27% | Lot Size | 0.11 AC |
| Sale Conditions | 1031 Exchange | Building Size | 10,990 SF |
| No. Units | 24 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 2018 |
| Price | $4,550,000 |
| Price Per Unit | $189,583 |
| Sale Type | Investment |
| Cap Rate | 5.27% |
| Sale Conditions | 1031 Exchange |
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | B |
| Lot Size | 0.11 AC |
| Building Size | 10,990 SF |
| No. Stories | 3 |
| Year Built | 2018 |
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Washer/Dryer
- Hardwood Floors
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 24 | - | 390 - 489 |
Walk Score ®
Very Walkable (76)
Bike Score ®
Biker's Paradise (91)
PROPERTY TAXES
| Parcel Number | R210471 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,795,760 |
PROPERTY TAXES
Parcel Number
R210471
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,795,760
zoning
| Zoning Code | EX |
| EX |
1 of 26
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Savona Apartments | 4620 N Maryland Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.