7 UNIT MULTI-FAMILY PROPERTY·
6533 SW VIRGINIA Portland, Oregon 97239
LISTED BY JASON WAXBERG
The Willamette Park Apartments were built in 1924. This attractive, turn-key investment property sits above the street and features many recent upgrades including a new roof and new energy efficient windows. The interiors of the apartments have been nicely updated, and there are stacked washer/dryers in four of the units, as well as onsite coin operated laundry and individual lockable storage units in the basement. Current rents are strong and still present a bit of upside, as the owners intend to implement some rent increases which will take effect in February, 2019.
The Willamette Park Apartments are located in the highly sought after John's Landing area, one block from Macadam Avenue. This quiet residential neighborhood includes restaurants such as Elephant's Deli and the upscale grocery store Zupan's Market, all within walking distance. Willamette Park is just three blocks away with paved walking/bike paths, picnic areas, tennis courts, boating, and other water sports on the Willamette River. It's about a five-minute drive from downtown with easy freeway access and near bus lines, making it very close to PSU, OHSU, and Lewis and Clark.