Bethany 5 Apartments

15420 NW Marianna Street, Portland, Oregon 97229

$19,750,000

Status:
Available
County:
Washington
Units:
67
Year Built:
2018
Unit Price:
$294,776
Land Size:
2.24 Acres
Building Size:
64,614 sq. ft.
Price per SF:
$306
CAP Rate:
5.01%
Unit Mix:

Sixty-seven (67) units consisting of twelve (12) 2-bed 1-bath, forty-nine (49) 2-bed 2-bath and six (6) 3-bed 2-bath flats. 

Floors:
3
Open Parking:
52
WD in unit:
Yes
Covered Parking:
16 spaces
Garages:
44
Siding:
HardiePlank
Roof Type:
Composite
Heat Type:
Electric
Patio Deck:
Yes
Property Photo

Located in the exclusive Bethany neighborhood, this newly-built apartment community began lease-up in the 3rd quarter of 2018 and move-ins began in October. Final certificates of occupancy are pending and expected in the fourth quarter of 2018. Investors will have the advantages of new construction with low maintenance and minimal capital and turnover expenditures. Much of the land in Washington County is outside the urban growth boundary and cannot be developed. Washington County is a regional economic powerhouse with per capita income forecast to significantly outpace that of adjoining Multnomah County. Click here to view this property's custom website and complete the confidentiality agreement to access the offering memorandum.

67
Units
2018
Year Built
64,614
SQ. FT.

Property Location