Cascade Apartments | 15827 NE Glisan St
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Cascade Apartments 15827 NE Glisan St
12 Unit Block of Flats £1,604,023 (£133,669/Unit) 5.17% Net Initial Yield Portland, OR 97230
Executive Summary
Introducing Cascade Apartments, a 12-unit apartment community in Portland, OR. The property offers one- and two-bedroom units featuring beautifully renovated interiors with modern cabinetry, hardwood flooring, new light fixtures, stainless steel appliances,
farmhouse-style sinks, and granite countertops througout. Apartment amenities at Cascade include fully equipped kitchens, ceiling fans, updated bathrooms, balconies, patios with yard space, and off-street parking.
Cascade Apartments is well-located at the border of Portland and Gresham, providing residents with the perfect blend of suburban comfort and urban convenience. The property is just minutes from a major manufacturing and distribution hub, home to leading employers like Boeing, Albertsons Distribution, Amazon, and Subaru, and more. Residents also have incredible access to major retailers, schools, and parks. The property is less than a mile from I-84, a major highway connecting residents to I-205 and other major
roadways, ensuring easy connectivity to the greater Portland metro area.
farmhouse-style sinks, and granite countertops througout. Apartment amenities at Cascade include fully equipped kitchens, ceiling fans, updated bathrooms, balconies, patios with yard space, and off-street parking.
Cascade Apartments is well-located at the border of Portland and Gresham, providing residents with the perfect blend of suburban comfort and urban convenience. The property is just minutes from a major manufacturing and distribution hub, home to leading employers like Boeing, Albertsons Distribution, Amazon, and Subaru, and more. Residents also have incredible access to major retailers, schools, and parks. The property is less than a mile from I-84, a major highway connecting residents to I-205 and other major
roadways, ensuring easy connectivity to the greater Portland metro area.
Property Facts
| Price | £1,604,023 | Building Class | C |
| Price Per Unit | £133,669 | Lot Size | 0.46 AC |
| Sale Type | Investment | Building Size | 9,960 SF |
| Net Initial Yield | 5.17% | Average Occupancy | 95% |
| No. Units | 12 | Number of Floors | 2 |
| Property Type | Residential | Year Built | 1969 |
| Property Subtype | Apartment | Parking Ratio | 1.51/1,000 SF |
| Apartment Style | Low Rise |
| Price | £1,604,023 |
| Price Per Unit | £133,669 |
| Sale Type | Investment |
| Net Initial Yield | 5.17% |
| No. Units | 12 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.46 AC |
| Building Size | 9,960 SF |
| Average Occupancy | 95% |
| Number of Floors | 2 |
| Year Built | 1969 |
| Parking Ratio | 1.51/1,000 SF |
Unit Amenities
- Balcony
- Ceiling Fans
- Granite Countertops
- Wooden Floors
- Garden
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 1+1 | 1 | - | 500 |
| 2+1 | 11 | - | 860 |
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Bike Score ®
Very Bikeable (74)
PROPERTY TAXES
| Parcel Number | R169898 | Improvements Assessment | £0 |
| Land Assessment | £0 | Total Assessment | £553,849 |
PROPERTY TAXES
Parcel Number
R169898
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£553,849
zoning
| Zoning Code | R3, Portland |
| R3, Portland |
-
Gregory Frick -
HFO Investment Real Estate, LLC
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Cascade Apartments | 15827 NE Glisan St
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