405 NE MASON ST, Portland, OR 97211

$10,268,000
27,240
SqFt
List Price
$10,268,000
Days on Market
22
MLS#
24640157
Property Type
Multifamily
Sqft. of Residence
27,240
Lot Size
7, 000 to 9, 999 SqFt
Region
Portland Northeast
Status
ACTIVE

Property Description

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.

Additional Information

Tax Amount
$86,118
Year Built
2014
High School
Grant
Elementary School
Sabin
Middle School
Mt Tabor
Living Area
27,240
Stories
5
Subdivision
LINCOLN PARK
Lot Size Dimension
8,276 SF
Terms
Cash, Conventional
Cooling Description
EnergyStar Air Conditioning, Mini Split
Fuel Description
Electricity
Heating Description
Mini Split
Hoa Rent Includes
None
Hot Water Description
Electricity
Exterior Description
Aluminum, Metal Siding, Stone
Sewer Description
Public Sewer
View
City
Parking
Covered, Garage
Security Or Entry
Entry
Parking Description
Covered, Garage
Road Surface
Paved
Number Of Units Total
36
Unit Type One Baths Total
1
Unit Type One Rent
1328
Unit Type One Sq Ft
625
Unit Type One Units Total
11
Unit Type Two Baths Total
2
Unit Type Two Beds Total
1
Unit Type Two Units Total
25

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Keller Williams Realty Portland Premiere.

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