Luxury Townhomes
9 Unit Apartment Building | $4,750,000 ($527,778/Unit) | 6.07% Cap Rate | Portland, OR 97212
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $4,750,000
- Property Type
-
Multifamily
- Square Feet
- 18,841 SF
Listing Contacts
Matt Dodd
Verified Profile
Sean Milligan
Verified Profile
- Property Info
Property Overview
140 NE Sacramento is a nine-unit, condo-quality townhome development located blocks from N Williams Avenue. Built in 2023, the property features two, three-story buildings with an interior courtyard providing walk-up access to the units and vehicular access to the garages. The spacious floor plans range from 1,673 to 2,960 SF, averaging 2,093 SF. The units include a mix of two-, three-, four-, and five-bedroom plans. All units feature luxury vinyl plank flooring, quartz counters, stainless steel appliances, in-unit laundry, and energy efficient mini-split systems. Additionally, all units have a private backyard, and seven of the units have attached garages.
At current pricing of $4,750,000, the In-Place cap rate is 6.1%. The $252/SF price point represents a sizable discount compared to recent sales of new construction assets in the submarket.
There is potential to complete the condominium plat and sell the units individually in the future.
At current pricing of $4,750,000, the In-Place cap rate is 6.1%. The $252/SF price point represents a sizable discount compared to recent sales of new construction assets in the submarket.
There is potential to complete the condominium plat and sell the units individually in the future.
Property Details
- Class
- B
- Year Built
- 2023
- Stories
- 3
- Lot Size (sq. ft)
- 14,810 SF
- Units
- 9
Highlights
- Luxury Townhomes
- Best-In-Class, Condo-Quality Construction
- New Construction - Built 2023
Nearby Properties
Similar Properties
FAQ
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- What is the difference between Tier 1 & Tier 2 in the Due Diligence Vault?
- Documents that are placed in a Tier-1 Due Diligence vault require the execution of a Confidentiality Agreement (“CA”) for access. Documents and folders placed in the Tier-2 vault are intended to have an added layer of security and require the execution of a CA in addition to required Broker approval for access.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].