The Empire
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Residential Units: 37
Year Built: 1924
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List Price: $3,700,000
Price per Unit: $100,000
Price per SF: $202
6.5% Cap Rate
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FOR SALE
Accepting Offers
Lead Advisor:
Part of a 3 Property Portfolio
The Empire
The Topanga
Jefferson Plaza
Full Portfolio Price: $9,880,000
Full Portfolio Cap Rate: 6.7%
1217 SW 11th Avenue | Portland, OR, 97205
Thirty seven vintage apartment units with original charm and detailing throughout. The property is comprised of one two bedroom/ one bathroom, 14 one bedrooms, and 22 studios. Upper units have picturesque views of the Downtown Portland cityscape and Willamette River. Large windows, hardwood floors, new light fixtures in both the common areas and the apartment interiors, natural wood built-ins and other detailing make The Empire a 1924 classic.
Within walking distance of Portland State University, the fivestory elevator served building has an on-site laundry facility for the residents' convenience. The apartments are light with charming character appealing to residents.
