BuildingBits is proud to offer this brand new, luxury multifamily development, located in the heart of Portland Oregon’s hip Hollywood District. Consisting of 12 spacious units, the project features contemporary architecture, large windows, balconies, and city views. At a 5.3% cap rate based on acquisition price, this property is attractively priced for newly constructed multifamily in a supply constrained market.
As Oregon’s biggest city with roughly 60% of the state’s population living the metro area, Portland has seen population boom over the last two decades with over 10% growth per census report. Sustained job growth and an abundance of culture has helped Portland blossom into a truly metropolitan city that is currently in the midst of a housing shortage.
Only blocks away from Wholefoods and the historic Hollywood Theatre, this apartment building also boasts easy access to Portland’s wonderful public transit system making it an ideal location for people looking to experience the best of what Portland has to offer. In addition, with local access to I-84, this building’s location bodes well for any metro commute.
- Walk Score 94: “Walker’s Paradise”
- Bike Score 98: “Biker’s Paradise”
- No Rent Control
- New Construction
- Large units
BuildingBits has partnered with a local, top tier management company that is handling the lease-up, and has a stringent selection process to ensure quality tenancy with limited turn-over.