3485 SW 87TH AVE

Portland, OR 97225
Square Ft.
25,150
$6,700,000
The West Slope Apartments is a well-maintained 36-unit multifamily community located in desirable Washington County, offering investors a proven track record of stable operations and long-term ownership since 2007. The property has benefited from significant capital improvements, including new vinyl windows, several new roofs, and all new electrical panels, helpingRead MoreRead Less
Listing courtesy of Pounder Realty LLC.
Listing Snapshot
Days Online
0
Last Updated
Square Ft.
25,150
Lot Size
0.98 Acres
Year Built
1969
MLS Number
149828715
30 Days Snapshot Of 97225
$889k
0%
(avg) sold price
20
-9%
homes sold
57
+39%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Road Surface Type: Paved
Building
Building Area Total: 25150, Built in 1969, Stories: 2, Unit Type Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4
Community
Community Features: FrontYardLandscaping, Laundry
Expenses
Operating Expense Scheduled: 195780, Operating Expense: $180,511
Exterior Features
Exterior Description: T111Siding
Foundation
Foundation Details: ConcretePerimeter, Slab
Garage
Garage Spaces: 2
Heating
Heating: WallHeater
Income
CAP Rate: 5.42, Gross Income: $500,159, Gross Rent Multiplier: 13.4, Gross Scheduled Income: $537,354, Net Operating Income: $363,418, Net Scheduled Income: 386174
Lot
Features: Level, Size Acres: 0.98, Size Range: SqFt20000toAcres1, Size Square Feet: 42,688, Size: 20,000 SqFt to .99 Acres
Miscellaneous
Investor Information: AnnualPropertyOperationData, ProfitLossStatement
Parking
Features: OffStreet, Paved
Property
Number Of Units Total: 36, Zoning: Multi
Roof
Roof: Composition, Membrane, Metal
Sewer
Sewer: PublicSewer
Taxes
Annual Amount: $12,959, Legal Description, Tax Year: 2025
Unit One
Actual Rent: $1,245, Area: 550, Features: Range, Refrigerator, Units Total: 2, 1 total bathroom
Unit Two
Actual Rent: $1,295, Area: 650, Features: Range, Refrigerator, Units Total: 24, 1 total bathroom, 1 total bedroom
Unit Three
Actual Rent: $1,445, Area: 800, Features: HardwoodFloors, Range, Refrigerator, Units Total: 9, 1 total bathroom, 2 total bedroom
Unit Four
Actual Rent: $1,800, Area: 1200, Features: Range, Refrigerator, Units Total: 1, 2 total bathrooms, 2 total bedroom
Utilities
Fuel Description: Electricity, Hot Water Description: Electricity, Water Source: PublicWater
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Erika George and Kari McGee
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This content last updated on . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
This content last updated on . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.