206-240 66Th Ave, Portland, OR 97213

25 Unit Apartment Building | $4,015,000 ($160,600/Unit) | 5.66% Cap Rate | Portland, OR 97213

Asking Price $4,015,000

Property Type
Multifamily
Square Feet
14,350 SF

Listing Contacts

Gregory Frick

Property Overview

Introducing Masberg Court, a 25-unit apartment complex located in the North Tabor neighborhood of Portland, Oregon. Built in 1957, the property consists of three, one-story buildings offering a mix of one- and two-bedroom floor plans. The practical layout is complemented by essential amenities, including off-street parking and on-site laundry facilities.
The property is currently self-managed, which presents a unique upside opportunity through the implementation of a professional management company.

Property Details

Class
C
Year Built
1957
Stories
1
Lot Size (sq. ft)
35,719 SF
Units
25

Highlights

  • Masberg Court residents enjoy a unique blend of urban living with the tranquility of nature, thanks to the neighborhood’s proximity to Mount Tabor Par
  • Convenient access to major transportation routes for an easy commute to downtown Portland and other key areas
  • Mount Tabor is known for its strong sense of community, with local events like the Soapbox Derby, farmers’ markets, and neighborhood gatherings
  • Rated an A on Niche.com for schools, family living, and nightlife

FAQ

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