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NOTA

5665 NE Glisan St, Portland, Oregon 97213

$9,495,000

Status:
Available
County:
Multnomah
Units:
30
Year Built:
2020
Unit Price:
$316,500
Land Size:
0.32
Building Size:
23,883 sq. ft.
Price per SF:
$398
CAP Rate:
4.75%
Unit Mix:

Twelve (12) one-bedroom, one-bathroom units, sixteen (16) two-bedroom, one-and-a-half-bathroom units, and two (2) two-bedroom, two-bathroom units.

WD in unit:
Yes
Roof Type:
Flat
Heat Type:
Electric
Property Photo

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NOTA is a 30-unit apartment community built in Portland, Oregon in 2020. The property features one- and two-bedroom apartments with in-unit washers and dryers and a shared courtyard area. NOTA is located on NE Glisan Street, one of the main arterials through Portland, giving tenants convenient access around the metro area, and the property is minutes from Interstate 84.

Providence Portland Medical Center and a Fred Meyer grocery store are just blocks away, and the surrounding area is filled with local coffee shops, taverns, and breweries in easy walking distance.

Assumable Loan Information

  • Lender: Luther Burbank Savings
  • Loan Date:  5/17/2021
  • Balance: $4,950,000
  • Interest Rate: 3.4 percent fixed until June 2026. Interest only until May 2024.
  • Term: 30 years; no prepayment penalty
     
30
Units
2020
Year Built
23,883
SQ. FT.

Property Location