Park Place North

6061 N Fessenden Street, Portland, Oregon 97023

$5,050,000

Status:
In Contract
County:
Multnomah
Units:
42
Year Built:
1973
Unit Price:
$120,238
Land Size:
2.02 Acres
Building Size:
32,600 sq. ft.
Price per SF:
$155
CAP Rate:
5.15%
Unit Mix:

Forty-two (42) units consisting of four (4) 1-bedroom, thirty-five (35) 2-bedroom, and three (3) 3-bedroom apartments.

Floors:
2
Open Parking:
Yes
Laundry Room:
4 on-site
WD Hookup:
3-bedrooms
Rental Office:
Yes
On Site Manager:
Yes
Roof Type:
Composite
Heat Type:
Electric
Playground:
Yes
Pool:
Seasonal outdoor
Patio Deck:
Yes
Property Photo

Park Place North Apartments is a well-maintained 42-unit garden community in North Portland. The property offers a mix of one-, two- and three-bedroom apartments. The property has had several updates, including siding and exterior paint.

Three-bedroom units have washer/dryer hookups, and all apartments have either a patio or deck that extend the living areas. The property has a seasonal outdoor pool and low-density green spaces.

Park Place North has immediate upside in rents of more than 10%. 

42
Units
1973
Year Built
32,600
SQ. FT.

Property Location