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For Sale

CLIFF MANOR APARTMENTS

2909 N Willamette Blvd | Portland, OR 97217

Property Details

Price$3,500,000
Building Size11,000 SF
Property Size0.52 Acres

Supporting Documents

Description

  • Cliff Manor Apartments is a well maintained multi-family asset consisting of twenty units over two buildings, located in the very desirable Overlook neighborhood of North Portland. The property is located next to the US Adidas headquarters and the US Daimler headquarters. Additionally, the property is very close to the University of Portland, Kaiser Interstate hospital, and walkable to local shops/restaurants.
  • Cliff Manor’s unit mix is made up studios, one-bedroom and two-bedroom units ranging from 294 – 593 square feet, each with their own balcony or patio, air conditioning and vaulted ceilings on the second floor units. Portland continues to be a strong apartment market with continued upward pressure on rent growth and minimal new construction deliveries in the pipeline. Cliff Manor apartments is a well-positioned asset with 15- 20% upside on current in-place income.

Highlights

  • Quiet setting
  • Private courtyard
  • Ground floor apartments feature a private patio
  • Vaulted ceilings on single story building and top floor of second story building
  • Professionally managed
  • Located 1 block north of the US Adidas headquarters
  • On-site laundry room + additional tenant storage
  • Close proximity to US Daimler headquarters and Kaiser Permanente Interstate Medical Office

Brokers

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Charbonneau Village
Roseway Industrial Park

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