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For Sale

BANCROFT APARTMENTS

21-47 SW Bancroft Street | Portland, OR 97239

Property Details

Price$1,820,000
Building Size5,200 SF

Supporting Documents

Description

  • 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!

Highlights

  • 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.

Brokers