Norris & Stevens Inc., as the exclusive listing agent, is pleased to present this one of a kind opportunity to purchase The Bancroft Apartments, a 6-unit Multi- Family asset located in the very desirable Portland Homestead neighborhood. This property was built in several different phases over the years which brings a certain uniqueness to an investment property. The property offers two single-family homes, along with four large townhomes. All of the units have two-bedrooms and are quite spacious with new interior finishes. There isn’t another 6-plex with this setup in the city of Portland! The Bancroft Apartments location offers residents the ability to get to downtown Class A retail and restaurants, beautiful schools, and the Willamette river waterfront park(s). Residents also have the ability to be in a quiet, sought after neighborhood that has access to the South Waterfront, Johns Landing, and multiple highway’s within minutes. This is one of the best locations to live in Portland!
Number of Units: 6
Construction: Wood Frame
Year Built: 1906-1995. The property was constructed in three different phases.
Average Size of Unit: 867 SF
Zoning: R2R, This zoning mentions the ability to build additional units. Buyer to verify the future development feasibility of property.
Floor Plans: Two-bedroom/1.5 bathroom townhouses, Two-bedroom/two-bathroom single family house, and Two-bedroom/one bathroom single family house.
Amenities: A majority of units have been overhauled with new interior and exterior finishes. A majority of roofs have been replaced and/or maintained on a regular basis. One of the single-family homes also was outfitted with a mini-split heating system
Parking: 6 total spaces off-street. Neighbourhood also offers street parking with city permit.