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Multifamily

Willamette Crest

1214 Division St, Oregon City, OR 97045

Listing Price: $3,750,000

Cap Rate
6.68%
Number of Units
24
GRM
7.89
Occupancy
95.0%
Price/Unit
$156,250

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

Multifamily

Willamette Crest

Listing Price: $3,750,000

Cap Rate
6.68%
Number of Units
24
GRM
7.89
Occupancy
95.0%
Price/Unit
$156,250

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.

Exclusively Listed By

Financing By

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