Equity Pacific is pleased to announce the sale of the 6-Unit Prescott Manor Apartments located at 1632 NE Prescott Street in close-in NE Portland, Oregon, which closed for $1,360,000 or $226,667 per unit and $213 PSF.
Prescott Manor is a very attractive and charming garden style single-level brick building built in 1941, located in the close-in Northeast Sabin neighborhood. The property features a newer roof and classic courtyard, and comprises six (6) 1BR/1BA units of approx. 590 SF. Each apartment has original oak floors throughout the open living room and large bedroom. The baths feature tile floors and bath surround. Kitchens feature solid wood cabinetry with lots of storage and a dining area adjacent. Linen closets or large hall closets provide additional storage. Four (4) of the apartments also feature wood burning fireplaces. Apartments feature wood frame windows with storm windows in good condition. There are five (5) garages and on-site laundry which generate additional income.
Prescott Manor is located in the close-in Northeast Sabin neighborhood, and borders the affluent Irvington and Alameda neighborhoods. Popular restaurants include Pok Pok Noi and Grain and Gristle and the Exacto Coffee House. Whole Foods and Alberta Cooperative Grocery are within walking distance. This is a walkable neighborhood with many places to explore.
Jason Waxberg represented the seller to the transaction.
1632 NE Prescott Street, Portland, Oregon 97211