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The Woods On Marquam Hill 1311 SW Gibbs St

43 Unit Block of Flats £9,862,500 (£229,360/Unit) 5.41% Net Initial Yield Portland, OR 97239

Investment Highlights

  • Beautiful Views in Select Units (Split Amenities and Efficient Floor Plans)
  • Building Amenities Include Secured Entry, Exterior Sundeck, and 28 Onsite Covered Parking Spaces
  • Units Feature Thoughtful and Light-Filled, Efficient Floorplans
  • Within Walking Distance to Oregon Health Science University

Executive Summary

43 Unit Trophy Multifamily Opportunity on Marquam Hill
2024 Construction • Studio, 1 & 2 Bed Unit Mix • 4 Blocks to OHSU
--------------------
Sale Price: $12,500,000 ($290,698 / Unit)
CAP Rate: 5.41%
Units: 43 Units with Studio, 1 & 2 Bedroom Mix
Building Gross Area: 42,151 SF
Gross Land Area: 23,500 SF
Parking: 28 Spaces Onsite

Data Room Click Here to Access

Property Facts

Price £9,862,500
Price Per Unit £229,360
Sale Type Investment
Net Initial Yield 5.41%
No. Units 43
Property Type Residential
Property Subtype Apartment
Apartment Style Mid Rise
Building Class B
Lot Size 0.54 AC
Building Size 27,973 SF
Number of Floors 4
Year Built 2024
Parking Ratio 1/1,000 SF

Unit Amenities

  • Air Conditioning
  • Balcony
  • Cable Ready
  • Dishwasher
  • Disposal
  • Microwave
  • Washer/Dryer
  • Ceiling Fans
  • Kitchen
  • Wooden Floors
  • Refrigerator
  • Oven
  • Range
  • Views
  • Patio
  • Wheelchair Accessible (Rooms)

Site Amenities

  • 24 Hour Access
  • Controlled Access
  • Fitness Centre
  • Property Manager on Site
  • Package Service
  • Recycling
  • Community-Wide Wi-Fi
  • Lounge
  • Maintenance on site
  • Sundeck
  • Public Transportation

Unit Mix Information

Description No. Units Avg. Rent.Mo SF
Studios 16 - 345 - 389
1+1 16 - 648 - 661
2+2 11 - 1,019 - 1,021

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
R712893
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£522,594
  • Listing ID: 32084042

  • Date on Market: 10/06/2024

  • Last Updated:

  • Address: 1311 SW Gibbs St, Portland, OR 97239

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