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Listed by Legend Real Estate Services
$ 2,600,000
Est. payment | /mo
8,143 SqFt
$ 2,600,000
Est. payment | /mo
8,143 SqFt
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 8,143 sqft
Price per Sqft $319
MLS Listing ID 779988081
Year Built 2021
Annual Tax Amount $36,181
Tax Year 2025
Lot Size 5,227 Sqft
Property Sub-Type Commercial
Property Description
Actual monthly rent is $17,474 for September 2026, with 76% occupancy, anticipated to reach 100% by the end of October. C-Channel Lofts built in 2021, this contemporary, three-story, multi-use commercial building is located in North Portland's Arbor Lodge neighborhood and includes fourteen loft-style one-bedroom apartments and a commercial space. The one-bedroom apartments range from 391 to 476 square feet. Apartment features include engineered hardwood floors, custom cabinetry, built-in shelves, stainless steel appliances, wood-framed windows, tiled floors and showers, in-unit washer and dryer, tall ceilings, and ductless mini-splits. Secure access with a courtyard and secure bike storage room; units 101 and 102 have backyards. The building is located at the intersection of N Rosa Parks Way and N Interstate Ave, with the MAX station and New Season located on N Interstate Ave. The building is in an ideal location transit, shops, restaurants, parks, and coffee shops. Incredible bike score of 100%. Check out the distance to University of Portland and Adidas Village. Pro forma CAP Rate of 6.6%.
Location
Province OR
County Multnomah
Area _141
Zoning CM3
Interior
Heating Ductless, Mini Split, Wall Heater
Cooling Mini Split
Equipment Sprinkler
Exterior
Roof Type Membrane
Garage No
Building
Story 3
Sewer Public Sewer
Water Public Water
Level or Stories 3
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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