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West Slope Apartments 3485 SW 87th Ave 36 Unit Apartment Building $9,195,616 CAD ($255,434 CAD/Unit) 5.42% Cap Rate Portland, OR 97225
Executive Summary
The West Slope Apartments is a well-maintained 36-unit multifamily community located in desirable Washington County, offering investors a proven track record of stable operations and long-term ownership since 2007. The property has benefited from significant capital improvements, including new vinyl windows, several new roofs, and all new electrical panels, helping minimize deferred maintenance and support long-term performance. With a strong history of high occupancy and consistent income, West Slope Apartments presents an attractive opportunity in one of the Portland metro area’s most established and resilient rental markets. Listing Broker is partial owner of the property. Please do not disturb residents.
Property Facts
| Price | $9,195,616 CAD | Building Class | C |
| Price Per Unit | $255,434 CAD | Lot Size | 1.96 AC |
| Sale Type | Investment | Building Size | 29,750 SF |
| Cap Rate | 5.42% | Average Occupancy | 100% |
| No. Units | 36 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1965 |
| Property Subtype | Apartment | Parking Ratio | 0.5/1,000 SF |
| Apartment Style | Garden | ||
| Zoning | R24, Washington County | ||
| Price | $9,195,616 CAD |
| Price Per Unit | $255,434 CAD |
| Sale Type | Investment |
| Cap Rate | 5.42% |
| No. Units | 36 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.96 AC |
| Building Size | 29,750 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1965 |
| Parking Ratio | 0.5/1,000 SF |
| Zoning | R24, Washington County |
Amenities
Unit Amenities
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 26 | - | 500 - 650 |
| 2+1 | 9 | - | 800 |
| 3+2 | 1 | - | 1,300 |
1 1
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 CAD | |
| Land Assessment | $0 CAD | Total Assessment | $2,841,649 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$2,841,649 CAD
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West Slope Apartments | 3485 SW 87th Ave
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