Back

1 of 21

2 of 21

3 of 21

4 of 21

5 of 21

6 of 21

7 of 21

8 of 21

9 of 21

10 of 21

11 of 21

12 of 21

13 of 21

14 of 21

15 of 21

16 of 21

17 of 21

18 of 21

19 of 21

20 of 21

21 of 21

3947-3951 N Williams Ave
Portland, OR 97227 Boise

$5,150,000 USD

Apartments For Sale • 18,084 SF

Property Details

Property Type Apartments
Total Building Size 18,084 SF
Lot Size 0.27 AC
Building Class B
Year Built 2011
Cap Rate 5.60 %
Zoning EX

50 Transit Score

100 Walk Score

                
                    Highlights
                
                                Stabilized Baseline Yield: Offered at $5,150,000, delivering a 5.60% cap rate on a 95% stabilized occupancy footprint.
                            
                                Structural OpEx Insulation: Net-zero build with 21-kW solar limits HVAC overhead to secure a highly efficient ~40% expense ratio.
                            
                                NNN-Hedged Income: Retail 100% leased through 2028/2031 on NNN leases, insulating 27% of gross revenue from apartment cycles.
                            
                                Pre-Stubbed Scale Potential: EXD zoning allows 12 additional units on a rear footprint with utility hookups already run to the site.
                            
                                Premium Demographics: Prime N Williams corridor location commands affluent demographics, averaging over $146,000 HHI within one mile.
                            
                                Low-CapEx Architecture: 2011 build with low-maintenance CeramaClad siding and a 60mm TPO roof to protect long-term structural margins.

Financial Summary (Actual)

Net Operating Income: $288,415 USD (2026)

Cap Rate:	5.60 %
Total Expenses:	$192,854 USD

Major Tenants

Tenant	SF Occupied	Lease End Date
Grizzley Tattoo
Hopworks Urban Brewery

Amenities

Air Conditioning
Heating
On-Site Retail
Kitchen
Range
Wheelchair Accessible (Rooms)

Public Transportation

Commuter Rail	Drive	Walk	Distance
	8 min	-	2.1 mi
	16 min	-	7.2 mi
Transit/Subway	Drive	Walk	Distance
Overlook Park (MAX Yellow Line - Tri-County Metropolitan Transportation District of Oregon Rail (TriMet Rail))	5 min	18 min	0.9 mi
N Prescott (MAX Yellow Line - Tri-County Metropolitan Transportation District of Oregon Rail (TriMet Rail))	3 min	19 min	1.0 mi
Airport	Drive	Walk	Distance
Portland International	20 min	-	8.5 mi

Mike Carlson 503-349-3499 Metric Real Asset Strategies Inc

3947-3951 N Williams Ave Portland, OR 97227 Boise