Multifamily
Willamette Crest
1214 Division St, Oregon City, OR 97045
Listing Price: $3,750,000
Investment Overview
Marcus & Millichap is pleased to exclusively represent the sale of Willamette Crest Apartments. This garden style apartment complex presents an excellent opportunity to acquire a value-add investment in a growing suburb of Portland. This community offers twenty-four total units with a healthy mix of one, two and three bedroom layouts.
Willamette Crest Apartments feature upgraded finishes in select units, newer roofs, and a resealed parking lot. Residents enjoy the large central courtyard, community pool, and easy access to major roadways while still being in a quiet living environment. The property is poised to take advantage of the suburban rental market. Within walking distance of downtown Oregon City, the asset provides for unique retail and dining options, and the property is well-positioned to continue serving the Oregon City community well into the future.
Investment Highlights
- Located in Clackamas County, A More Landlord Friendly Environment
- Strong In-Place Cash Flow, While Still Having 13% Upside in Rental Income
- Walking Distance to Major Hospital Creates Stronger Tenant Profile
Exclusively Listed By
Financing By
Listing Price: $3,750,000
Investment Highlights
- Located in Clackamas County, A More Landlord Friendly Environment
- Strong In-Place Cash Flow, While Still Having 13% Upside in Rental Income
- Walking Distance to Major Hospital Creates Stronger Tenant Profile
Investment Overview
Marcus & Millichap is pleased to exclusively represent the sale of Willamette Crest Apartments. This garden style apartment complex presents an excellent opportunity to acquire a value-add investment in a growing suburb of Portland. This community offers twenty-four total units with a healthy mix of one, two and three bedroom layouts. Willamette Crest Apartments feature upgraded finishes in select units, newer roofs, and a resealed parking lot. Residents enjoy the large central courtyard, community pool, and easy access to major roadways while still being in a quiet living environment. The property is poised to take advantage of the suburban rental market. Within walking distance of downtown Oregon City, the asset provides for unique retail and dining options, and the property is well-positioned to continue serving the Oregon City community well into the future.