Illahee Apartments

1000 Grand Avenue, Astoria, Oregon 97103

$4,950,000

Status:
Available
County:
Clatsop
Units:
35
Year Built:
1968
Unit Price:
$141,429
Land Size:
0.92 Acres
Building Size:
30,700 sq. ft.
Price per SF:
$161
CAP Rate:
6.22%
Unit Mix:

Thirty-five (35) units consisting of eight (8) 1-bed and twenty-seven (27) 2-bedroom units. 

Floors:
3
View:
Yes
Laundry Room:
Seven
Covered Parking:
Yes
Roof Type:
Flat
Patio Deck:
Yes
Property Photo

Centrally located in historic downtown Astoria, the Illahee Apartments is an exceptional multifamily asset in one of the Oregon Coast's most robust housing markets. The property occupies a full city block just steps away from the city's popular restaurants, shops, museums, galleries and breweries. Designed by famed Astoria architect Ebba Wicks Brown, the property has been meticulously maintained and improved throughout the years. The property received the 2017 and 2018 Readers' Choice Award for Best Apartment Complex from Coast Weekend newspaper. About half the units have been upgraded, roofs are in newer condition and the apartments have seven laundry rooms throughout the complex.

35
Units
1968
Year Built
30,700
SQ. FT.

Property Location