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Shannon Apartments 911 SW 21st Ave 42 Unit Apartment Building $8,025,144 CAD ($191,075 CAD/Unit) 5.72% Cap Rate Portland, OR 97205
EXECUTIVE SUMMARY
Introducing Shannon Apartments, a 42-unit apartment community located in the coveted Goose Hollow neighborhood of Portland, OR. Built in 1926, Shannon is a non-URM property that offers studios and one-bedroom apartments, blending the historic charm of vintage built-ins and finishes alongside the nearby conveniences of urban amenities. Shannon Apartments offers desirable amenities including fully equipped kitchens with a dining area, hardwood floors, ceiling fans, built-in storage space, large windows for ample natural light, and on-site laundry facilities.
Residents enjoy unbeatable access to the best of Portland from one of the city’s most walkable and vibrant neighborhoods. Shannon Apartments is situated in a true 15-minute city, where daily needs, recreation, and cultural experiences are all just steps away. The property is minutes from Portland State University and within easy reach of Oregon Health & Science University (OHSU), making it ideal for students, faculty, and medical professionals. A variety of Portland’s top eateries, cafés, and small businesses offer convenient lifestyle options, while Providence Park—home to the Portland Timbers and Thorns—is just a 3-minute walk away. Residents also benefit from quick access to I-405 and reliable TriMet bus and MAX light rail lines, ensuring seamless connectivity throughout the metro area.
Residents enjoy unbeatable access to the best of Portland from one of the city’s most walkable and vibrant neighborhoods. Shannon Apartments is situated in a true 15-minute city, where daily needs, recreation, and cultural experiences are all just steps away. The property is minutes from Portland State University and within easy reach of Oregon Health & Science University (OHSU), making it ideal for students, faculty, and medical professionals. A variety of Portland’s top eateries, cafés, and small businesses offer convenient lifestyle options, while Providence Park—home to the Portland Timbers and Thorns—is just a 3-minute walk away. Residents also benefit from quick access to I-405 and reliable TriMet bus and MAX light rail lines, ensuring seamless connectivity throughout the metro area.
PROPERTY FACTS
| Price | $8,025,144 CAD | Apartment Style | Mid-Rise |
| Price Per Unit | $191,075 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.21 AC |
| Cap Rate | 5.72% | Building Size | 22,657 SF |
| No. Units | 42 | Average Occupancy | 90% |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built | 1926 |
| Zoning | RH, Portland | ||
| Price | $8,025,144 CAD |
| Price Per Unit | $191,075 CAD |
| Sale Type | Investment |
| Cap Rate | 5.72% |
| No. Units | 42 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 22,657 SF |
| Average Occupancy | 90% |
| No. Stories | 4 |
| Year Built | 1926 |
| Zoning | RH, Portland |
AMENITIES
UNIT AMENITIES
- Cable Ready
- Dishwasher
- Storage Space
- Kitchen
- Hardwood Floors
- High Speed Internet Access
- Refrigerator
- Oven
- Range
- Views
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Property Manager on Site
- Vintage Building
- Storage Space
- Online Services
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 21 | - | 469 |
| 1+1 | 21 | - | 610 |
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Walk Score®
Walker's Paradise (97)
Transit Score®
Excellent Transit (81)
Bike Score®
Very Bikeable (76)
PROPERTY TAXES
| Parcel Number | R316763 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $3,611,790 CAD |
PROPERTY TAXES
Parcel Number
R316763
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$3,611,790 CAD
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Shannon Apartments | 911 SW 21st Ave
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