Equity Pacific is pleased to announce the sale of The Prager Lombard Mansion located at 2032 NW Everett Street in Portland, which sold for $1,200,000 ($200,000 per unit and $167 per SF).
The Prager Lombard Mansion was originally built in 1890 as a single family home of wood frame with brick, wood shingle and wood lap exterior, and was converted to an apartment building in 1943. The building features significant architectural character and detail on its façade, with period ornamental finishes.
The Property is situated on a 5,793 SF corner lot or approximately 0.13 acre zoned high density residential (RH) which would allow for an increased number of units. The landscaping is mature and creates an element of privacy from the pedestrian and vehicle traffic along NW 21st Ave and NW Everett Street. There is a wrought iron fence around the perimeter that enhances the building’s vintage character and charm.
There are six apartments including a very large Owner’s Unit comprising two floors and nearly 2,000 SF, along with two 1BR/1BA units of approximately 600 SF and two 1BR/1BA units of approximately 530 SF, and a Studio apartment approximately 450 SF. Each unit is individually metered for natural gas and electricity. Four of the units feature decorative fireplaces that are currently not used by the tenants. The apartment interiors feature warm period details with hardwood and tiled floors, with a mix of hardwood and vinyl floors in the kitchens.
Jason Waxberg represented the seller to the transaction.
2032 NW Everett Street | Portland, Oregon 97209