The Slogan

1510 N. Sumner Street, Portland, Oregon 97217

$6,775,000

Status:
Available
County:
Multnomah
Units:
25
Additional Units:
+ Commercial space
Year Built:
2018
Unit Price:
$244,460
Land Size:
0.18 Acres
Building Size:
19,941 Total NR SF sq. ft.
Price per SF:
$340
CAP Rate:
4.76%
Unit Mix:

Twenty-five (25) units consisting of three (3) studios, nineteen (19) 1-bed 1-bath and three (3) 2-bed 2-bath units. The property also has 1,976 SF of ground floor space that could be divided into two separate spaces.

Floors:
4
View:
Territorial
WD in unit:
Full-sized
Roof Type:
Flat
Heat Type:
Electric
Storage:
Bike room
Patio Deck:
Rooftop patio and BBQ
Property Photo

Located in the up-and-coming commercial and residential Interstate Corridor, The Slogan has easy access to frequent MAX light rail service direct to downtown Portland. The property is within walking distance of numerous highly rated pubs, eateries, food carts and boutique shops on trendy Mississippi Avenue's retail thoroughfare. The asset is minutes from Daimler Trucks and the North American headquarters for Adidas. 

Note: the 1,976 square feet of space on the ground floor is “commercial space”. 

Note: Price per unit is adjusted to remove the retail square footage.

25
Units
2018
Year Built

Property Location