3485 SW 87th Ave, Portland, OR 97225

$6,700,000

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Property Description

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.

3485 SW 87th Ave | MLS# 149828715

This multi-family property located at 3485 SW 87th Ave, Portland, OR 97225 is currently listed for sale with an asking price of $6,700,000. Search Portland real estate on daniellegates.bendpremierrealestate.com today.

Property Features

Property Type: Multi Unit - Multiple
Fuel Type: Electricity
Heating: WallHeater
Roof Type: Composition, Membrane, Metal
Stories: 2.0
Taxes: $12,959
Year Built: 1969
Square Feet: 25,150

Units

Unit Type 1:
Bathroom(s): 1
Features: Range, Refrigerator
Rent: $1245.00
Square Footage: 550
Total Units: 2
Unit Type 2:
Bathroom(s): 1
Bedrooms: 1
Features: Range, Refrigerator
Rent: $1295.00
Square Footage: 650
Total Units: 24
Unit Type 3:
Bathroom(s): 1
Bedrooms: 2
Features: HardwoodFloors, Range, Refrigerator
Rent: $1445.00
Square Footage: 800
Total Units: 9
Unit Type 4:
Bathroom(s): 2
Bedrooms: 2
Features: Range, Refrigerator
Rent: $1800.00
Square Footage: 1200
Total Units: 1

Feature Descriptions

Days on Site: 20
Exterior: T-111 Siding
Gross Income: $500159.00 (Actual)
Hot Water: Electricity
Lot: Level
Net Income: $363418.00 (Actual)
Operating Expenses: $180511.00 (Actual)
Parking: OffStreet, Paved
Parking Notes: OffStreet, Paved
Sewer: Public Sewer
Units: 36
Water: Public Water

Local Schools

High School: Beaverton
Middle School: Whitford
Elementary School: Raleigh Hills

Listed By / Shown By

Listed By

Agency Name: Pounder Realty LLC
Agency Phone: 503-680-4638

Shown By

Agent Name: Danielle Gates Principal Broker
Agent Phone: (541) 921-7130
Agency Title: Bend Premier Real Estate

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Estimated Payment

$ 36,912.93 per month $33,878.85 Principal & Interest $1,079.92 Property Tax $1,954.17 Homeowner's Insurance

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