The Topanga

  • Residential Units: 35

    Year Built: 1909

  • List Price: $3,680,000

    Price per Unit: $105,000

    Price per SF: $216

    7.0 % Cap Rate

  • FOR SALE

    Accepting Offers

Lead Advisor:

Ben Murphy

Part of a 3 Property Portfolio

  • The Empire

  • The Topanga

  • Jefferson Plaza

Full Portfolio Price: $9,880,000

Full Portfolio Cap Rate: 6.7%

2157 W Burnside Street | Portland, OR 97210

Located in the heart of Portland’s historic NW Alphabet District, this property offers potentially assumable financing for qualified buyers—subject to lender approval—with a favorable 4.55% fixed interest rate. Surrounded by some of Portland’s most iconic amenities, the property is within walking distance to Providence Park, the Multnomah Athletic Club, Washington Park, the Portland Japanese Gardens, and the vibrant Brewery Blocks in the Pearl District.

Studio and 1-Bedroom units provide an affordable price point for urban renters, with recent lease trade-outs achieving 9.3% rent premiums.

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