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Shaver Green 375 NE Shaver St 85 Unit Apartment Building For Sale Portland, OR 97212
Investment Highlights
- 85-unit affordable housing community in Portland's King Neighborhood
- Family-oriented unit mix featuring one-, two-, and three-bedroom apartments
- Assumable financing with attractive below-market interest rate
- LEED Gold Certified steel-frame construction completed in 2009
- New AT&T cell tower lease providing additional income potential
- Secured parking, EV charging, rooftop solar array, and community amenities
Executive Summary
The property features a mix of one-, two-, and three-bedroom apartments along with secured parking, EV charging infrastructure, rooftop solar, community gathering spaces, and additional income generated through a newly executed cell tower lease. Investors seeking additional information, financials, and due diligence materials are invited to access the property's secure data room
Property Facts
| Sale Type | Investment | Lot Size | 0.48 AC |
| No. Units | 85 | Building Size | 89,814 SF |
| Property Type | Multifamily | Average Occupancy | 95% |
| Property Subtype | Apartment | No. Stories | 6 |
| Apartment Style | Mid-Rise | Year Built | 2009 |
| Building Class | B | Parking Ratio | 0.34/1,000 SF |
| Zoning | RM4 - Moderate-to-High Density Residential | ||
| Sale Type | Investment |
| No. Units | 85 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.48 AC |
| Building Size | 89,814 SF |
| Average Occupancy | 95% |
| No. Stories | 6 |
| Year Built | 2009 |
| Parking Ratio | 0.34/1,000 SF |
| Zoning | RM4 - Moderate-to-High Density Residential |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Microwave
- Vaulted Ceiling
- Refrigerator
- Range
- Tub/Shower
- Views
- Dining Room
- Pantry
- Wheelchair Accessible (Rooms)
Site Amenities
- Controlled Access
- Fitness Center
- Laundry Facilities
- Property Manager on Site
- Bicycle Storage
- Elevator
- Online Services
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 60 | - | 600 |
| 2+1 | 24 | - | 850 |
| 3+1 | 1 | - | 1,000 |
Sustainability
Sustainability
LEED Certification Developed by the U.S. Green Building Council (USGBC), the Leadership in Energy and Environmental Design (LEED) is a green building certification program focused on the design, construction, operation, and maintenance of green buildings, homes, and neighborhoods, which aims to help building owners and operators be environmentally responsible and use resources efficiently. LEED certification is a globally recognized symbol of sustainability achievement and leadership. To achieve LEED certification, a project earns points by adhering to prerequisites and credits that address carbon, energy, water, waste, transportation, materials, health and indoor environmental quality. Projects go through a verification and review process and are awarded points that correspond to a level of LEED certification: Platinum (80+ points) Gold (60-79 points) Silver (50-59 points) Certified (40-49 points)
Property Taxes
| Parcel Number | R102908 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $630,318 CAD |
Property Taxes
Presented by
Shaver Green | 375 NE Shaver St
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