Skip to Main Content

Brown Apartments

807 SW 14th Avenue, Portland, Oregon 97205

$10,000,000

Status:
Available
County:
Multnomah
Units:
67
Year Built:
1915
Unit Price:
$149,254
Land Size:
0.23 Acres
Building Size:
30,108 sq. ft.
Price per SF:
$333
CAP Rate:
4.97%
Unit Mix:

Sixty-seven (67) units consisting of fifty (50) studios and seventeen (17) one-bedroom units.

Floors:
5
Siding:
Brick
Roof Type:
Duro-Last
Heat Type:
Steam
Property Photo

The Brown Apartments is a unique, historic bricker that has been owner-managed for more than 20 years. Much of the historic character has been maintained: original hardwood floors, period lighting fixtures, clawfoot bathtubs, and trundle hideaway beds. Common area updates include new laundry systems, an updated elevator, and entryway.

The Brown is on the edge of the Goose Hollow neighborhood, between the Pearl District, the Timber's Major League Soccer stadium and Pioneer Courthouse Square. This asset is immediately adjacent to the MAX light rail blue line. The property offers a stable operating history and an opportunity to increase cash flow.

67
Units
1915
Year Built
30,108
SQ. FT.

Property Location