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Westview Apartments 2455 NW Quimby St 17 Unit Apartment Building $2,042,310 CAD ($120,136 CAD/Unit) 5.52% Cap Rate Portland, OR 97210
Executive Summary
Introducing Westview Apartments, a 17-unit apartment community located in Portland’s Northwest District, one of the city’s most established rental neighborhoods. Built in 1924, the property features studio floor plans that blend the historic charm of vintage built-ins and finishes alongside the nearby conveniences of urban amenities. Westview offers desirable amenities including fully equipped kitchens with ample storage, hardwood flooring, large windows for ample natural light, on-site laundry facilities, and available basement storage.
Situated just one block north of NW 23rd Avenue, a popular retail corridor in NW Portland, Westview Apartments provides tenants with immediate access to neighborhood retail, grocery stores, and transit connections. The Northwest District continues to attract strong and steady rental demand due to its central location and high livability. With limited new development in the area and relatively high barriers to entry, Westview is an opportunity for investors seeking a well-located, income-producing asset in one of Portland’s most desirable neighborhoods.
Situated just one block north of NW 23rd Avenue, a popular retail corridor in NW Portland, Westview Apartments provides tenants with immediate access to neighborhood retail, grocery stores, and transit connections. The Northwest District continues to attract strong and steady rental demand due to its central location and high livability. With limited new development in the area and relatively high barriers to entry, Westview is an opportunity for investors seeking a well-located, income-producing asset in one of Portland’s most desirable neighborhoods.
Property Facts
| Price | $2,042,310 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $120,136 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.11 AC |
| Cap Rate | 5.52% | Building Size | 9,705 SF |
| No. Units | 17 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1926 |
| Property Subtype | Apartment | ||
| Zoning | R2 | ||
| Price | $2,042,310 CAD |
| Price Per Unit | $120,136 CAD |
| Sale Type | Investment |
| Cap Rate | 5.52% |
| No. Units | 17 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 9,705 SF |
| No. Stories | 3 |
| Year Built | 1926 |
| Zoning | R2 |
Amenities
Unit Amenities
- Air Conditioning
- Storage Space
- Washer/Dryer
- Kitchen
- Hardwood Floors
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Vintage Building
- Walking/Biking Trails
- Storage Space
- Public Transportation
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 17 | - | 441 |
1 1
Exceptionally walkable
90/100
Fairly drivable
50/100
Some public transit
50/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | R171402 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $1,221,771 CAD |
Property Taxes
Parcel Number
R171402
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,221,771 CAD
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Westview Apartments | 2455 NW Quimby St
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