12 Units · $2,850,000

Bridgepointe Apartments

Portland, OR

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Asset Summary

Bridgepointe Apartments is a 12-unit apartment building located in Portland, Oregon. Built in 1973, the property features spacious two- and three-bedroom apartments and has recently undergone extensive improvements to rebuild the exterior walkways and railings and repair the exterior. Rents at the property trail market rents in the St. Johns neighborhood and many of the building’s spacious apartments feature classic finishes, making them ideal candidates for value-add improvements including new flooring, cabinetry, countertops, and appliances. 

Bridgepointe Apartments is located in a neighborhood setting just a few blocks from the picturesque Cathedral Park and minutes away from the many dining, retail, and entertainment offerings of downtown St. Johns.

Highlights

Attractive assumable debt: 3.3% fixed rate until 2030

New exterior paint and railings

Value-add opportunity in updating classic units
Spacious units

Steps away from Cathedral Park

Offering Memorandum

Our Team

Lee Fehrenbacher
Lee Fehrenbacher
Senior Broker
HFO Investment Real Estate | a Member of GREA
(971) 717-6346