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50 Northshore Rd
Lake Oswego, OR 97034 Lakewood

$4,900,000 USD

Apartments For Sale  •  14,619 SF

Property Details

  • Property Type Apartments
  • Total Building Size 14,689 SF
  • Lot Size 0.65 AC
  • Building Class B
  • Year Built 1951
  • Zoning R-0
30 Transit Score
50 Walk Score

Highlights

LAKE ADJACENT ASSET: 25-Unit Apartment Community Built in 1955 Adjacent to Oswego Lake
RARE ACQUISISITON OPPORTUNITY: Seldom-Available Multifamily Investment in the Heart of Lake Oswego
EXCEPTIONAL WALKABILITY: Steps from Dining, Shopping, Entertainment, Parks, and Community Amenities
TRANSIT ACCESSIBILITY: Convenient Public Transportation Access Serving the Portland Metropolitan Area
RENT GROWTH POTENTIAL: Approximately 10% Upside through Continued Revenue Optimization
UTILITY REIMBURSEMENT PROGRAM: RUBS Program Already in Place Supporting Expense Recovery

Amenities

  • Dishwasher
  • Laundry Facilities
  • Washer/Dryer Hookup
  • Bay Window
  • Hardwood Floors
  • Tub/Shower
  • Carpet
  • Vinyl Flooring

Public Transportation

Commuter RailDriveWalkDistance
15 min - 6.4 mi
Tigard Transit Center (Westside Express Service - Tri-County Metropolitan Transportation District of Oregon Rail (TriMet Rail)) 16 min - 6.9 mi
AirportDriveWalkDistance
Portland International 34 min - 19.3 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 25
Type: Surface
Included in Rent: Yes
Whitney Rhoades 503-351-0146 Marcus & Millichap
Whitney Rhoades 503-351-0146 Marcus & Millichap