405 Ne Mason St, Portland, OR

$10,268,000

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27,240

Square feet

About 405 Ne Mason St

Welcome to the epitome of urban living in this 36-unit apartment complex nestled in the heart of a vibrant North Portland neighborhood. Location is key, and this complex is strategically situated close to public transportation, ensuring easy connectivity to all corners of the city. Residents will find themselves just steps away from an array of shops, trendy eateries, and cultural hotspots. OMSI and MODA Center are just a stone's throw away. Additionally, the proximity to a major employer adds to the allure of this prime location.Each of the 36 units has been meticulously designed to offer a contemporary and comfortable living space. The interior features showcase a harmonious blend of style and functionality, with wood floors adding a touch of warmth to the living areas. Stainless steel appliances in the kitchen provide a sleek and modern aesthetic, while the inclusion of air conditioning ensures year-round comfort.One of the standout features of every unit is the convenience of having a Washer & Dryer within the living space. Residents can enjoy the luxury of doing laundry without leaving the comfort of their home, adding to the overall appeal and practicality of these units.Large windows not only frame scenic views of the surrounding neighborhood but also contribute to a sense of spaciousness, natural light floods in making these apartments feel like true urban sanctuaries.Beyond the residential units, the complex features two retail spaces, offering additional revenue potential or the chance to curate a vibrant community hub within the property. This property is part of a portfolio known for its impressive almost 100% occupancy rates. Acquiring a piece of this portfolio presents a rare opportunity to tap into a consistent and reliable income.Please reach out today for more information. We look forward to discussing this with you.

Features of 405 Ne Mason St

MLS® # 24640157
Price $10,268,000
Units 36
Square Footage 27,240
Year Built 2014
Type Multi Family
Status Active

Community Information

Address 405 Ne Mason St
Area 142 - Portland Northeast
Subdivision LINCOLN PARK
City Portland
County Multnomah
State OR
Zip Code 97211

Interior

Heating Mini Split
Cooling EnergyStar Air Conditioning, Mini Split
Fireplace No
# of Stories 5
Has Basement No
Basement None

Exterior

Exterior Aluminum, Metal Siding, Stone
Lot Description Level
Foundation Slab

School Information

Elementary Sabin
Middle Mt Tabor
High Grant

Additional Information

Date Listed January 31st, 2024
Days on Market 89
Zoning RH
Short Sale No
RE / Bank Owned No
Cap Rate 3.53

Unit 1 Details

Baths 1
Rent $1,328
Features AirConditioning, Dishwasher, HardwoodFloors, WasherDryer

Unit 2 Details

Beds 1
Baths 2
Rent $1,428
Features AirConditioning, Dishwasher, HardwoodFloors, WasherDryer

Listing Details

OfficeKeller Williams Realty Portland Premiere

Listing Map

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