Westfal Apartments

1880 SW 5th Avenue, Portland, Oregon 97201

$11,400,000

Status:
Available
County:
Multnomah
Units:
56
Additional Units:
+Commercial Space
Year Built:
1910
Unit Price:
$180,769
Land Size:
0.23 Acres
Building Size:
35,817 sq. ft.
Price per SF:
$318
CAP Rate:
5.26%
Unit Mix:

Fifty-six (56) units consisting of fifty-three (53) 1-bedroom and three (3) two-bedroom flats. 

Floors:
5
Laundry Room:
Yes
Rental Office:
Yes
On Site Manager:
Yes
Siding:
Brick
Roof Type:
Flat
Heat Type:
Cadet wall heaters
Property Photo

The Westfal Apartments is a 56-unit mixed-use asset in the heart of downtown Portland. Located directly adjacent to Portland State University campus, the Westfal is served by the MAX light rail and Portland Streetcar. Most of the building's units are one-bedroom flats with well-maintained vintage character. The ground floor has two fully-occupied retail spaces. Residents are within walking distance of all of Portland's central city including the PSU campus, the financial district and Pioneer square.

The Westfal is cast-in-place concrete with a masonry veneer and therefore is not considered unreinforced masonry. 

56
Units
1910
Year Built
35,817
SQ. FT.

Property Location