Renovated Multifamily Asset Minutes from Downtown

Astoria Apartments offers the opportunity to acquire a well-located, extensively upgraded multifamily community just 10 minutes from downtown Portland with direct access to I-84. The property sits directly across from the historic Rose City Golf Course, combining strong accessibility with a highly desirable neighborhood setting.

Investment Highlights

Significant Capital Improvements
Over $1.15M invested (2013–2014), with additional major system upgrades completed between 2020–2025.

Recent Upgrades (2020–2025)

• New plumbing in ~60% of units

• Updated electrical panels (select units)

• All units upgraded with vinyl windows

• New sewer and water lines

• New water heaters throughout

Renovated Interior & Exterior
Comprehensive upgrades include interiors, exterior improvements, clubhouse, pool area, and major building systems—reducing near-term CapEx needs.

Location

• 10 minutes to Downtown Portland

• Immediate access to I-84

• Across from Rose City Golf Course

• Located in an established, high-demand Northeast Portland neighborhood

Investment Summary

A stabilized, renovated asset with strong fundamentals, meaningful capital investment, and long-term upside in a proven Portland rental market.