AVAILABLE MEARS STREET 4 PLEX · spacious kitchen that includes dishwasher and wood laminate flooring. Built in 2000, each unit also features off-street parking and washer/dryer hookups

All SVN® Offices Independently Owned and Operated

The information listed above has been obtained from sources we believe to be reliable, however, we accept no

responsibility for its correctness.

www.svnimbrie.com

Lincoln Tower - 10260 SW Greenburg Road, Suite 530, Portland, OR 97223

503.208.9400

HUGH HOLTMAN | SENIOR ADVISOR [email protected]

O: 503.208.9393 | M: 503.799.0447

ZACH EYSTER | ADVISOR zach.eystersvn.com

O: 503.678.9884 | M: 541.359.7190

AVAILABLE

MEARS STREET 4 - PLEX 6210 North Mears Street, Portland, Oregon 97203

PROPERTY HIGHLIGHTS

• Fully occupied

• Close proximity to University of Portland

• Easy Commute to Downtown Portland & St Johns

• Scarce 4 plex supply in the immediate area

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503.208.9400

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503.208.9400




MEARS STREET 4-PLEX Portland, Oregon

PROPERTY INFORMATION




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503.208.9400

PROPERTY OVERVIEW | MEARS STREET 4-PLEX | MULTIFAMILY | PORTLAND, OREGON

Property Description This North Portland 4-plex offers all 2 bedroom 1 bath units.

Each unit features a large living room with plenty of natural light,

spacious kitchen that includes dishwasher and wood laminate

flooring. Built in 2000, each unit also features off-street parking

and washer/dryer hookups.

The property is located just off of North Columbia Way, making it

great for an easy commute to University of Portland, downtown

Portland, Vancouver, & St. Johns neighborhood.

Investment Overview

SALE PRICE $625,000

PRICE PER UNIT $156,250

LOT SIZE 0.12 Acres

BUILDING SIZE 3,264 SF

APN R151201

STORIES 2

HEATING Forced Air

PARKING Off-Street

ZONING R1




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503.208.9400

ADDITIONAL PHOTOS (EXTERIOR) | MEARS STREET 4-PLEX | MULTIFAMILY | PORTLAND, OREGON




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ADDITIONAL PHOTOS (INTERIOR) | MEARS STREET 4-PLEX | MULTIFAMILY | PORTLAND, OREGON

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PARCEL MAP| MEARS STREET 4-PLEX | MULTIFAMILY | PORTLAND, OREGON

SUBJECT

PROPERTY

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503.208.9400




AERIAL PHOTO | MEARS STREET 4-PLEX | MULTIFAMILY | PORTLAND, OREGON

SUBJECT

PROPERTY

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MEARS STREET 4-PLEX Portland, Oregon

DEMOGRAPHICS

DEMOGRAPHICS | MEARS STREET 4-PLEX | MULTIFAMILY | PORTLAND, OREGON

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Demographics Data

1 mile 3 miles 5 miles

Total Households 5,290 21,634 54,518

Total Population 13,763 54,358 125,807

Persons per Household 2.6 2.5 2.3

Average Household Income $49,158 $55,330 $63,847

Average House Value $225,423 $255,359 $348,144

Average Age 29.6 32.5 34.9

Average Age (Male) 30.0 32.3 34.7

Average Age (Female) 29.7 33.0 35.4

ABOUT THE CITY OF PORTLAND | MEARS STREET 4-PLEX | MULTIFAMILY | PORTLAND, OREGON

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Portland, Oregon’s largest city, is near the

confluence of the Willamette and Columbia Rivers.

The Portland-Vancouver MSA consists of four

counties: Multnomah, Washington, Clackamas, and

Clark County, Washington —On clear days, Mt.

Hood towers over Portland, with its striking snow-

capped peak. That breathtaking view is one aspect

of what makes the area so unique. It’s a stunning

place that brings together the rugged natural

beauty of the Cascades with metropolitan culture

and class.

#1

Moving Destination

#2

Nationally in Annual

Rent Growth

$406,200

Median Home Value

2,389,228

MSA Population

ABOUT ST JOHNS (SUBMARKET) | MEARS STREET 4-PLEX | MULTIFAMILY | PORTLAND, OREGON

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St. Johns is a neighborhood in Portland,

Oregon, United States, located in North Portland on

the tip of the peninsula formed by the confluence of

the Willamette River and the Columbia River. It was

a separate, incorporated city from 1902 until 1915,

when citizens of both St. Johns and Portland voted

to approve its annexation to Portland, which took

effect on July 8, 1915.

St. Johns is bordered by the Columbia River to the northeast, the Willamette River to the northwest. St. Johns sits north of Cathedral Park, which is home to the only suspension bridge in the Willamette Valley, the St. Johns Bridge. The main business district of St. Johns (referred to as "Downtown" or "Deep St. Johns") is around the intersection of Lombard and Philadelphia Streets.

TriMet, Portland metro’s public transit agency. The

Portland metro area is well served by an outstanding public transit

system that is centered around light rail lines and buses.

The downtown core is served by the Portland Streetcar. The 3.9-mile NS

Line runs from Northwest Portland to the South Waterfront via

Downtown and the Pearl District. The Loop Service, which opened in

September 2012 as the Central Loop (CL Line), runs from Downtown to

the Oregon Museum of Science and Industry via the Pearl District, the

Broadway Bridge across Willamette River, the Lloyd District, and the

Central Eastside Industrial District and added 3.3 miles of route. In

September 2015 the line was re branded as the Loop Service, with the A

Loop traveling clockwise, and the B Loop traveling counter clockwise.

The two-route system serves some 20,000 daily riders.

The MAX system are the light rail lines which currently consists of five

lines, each line is designated by an unique color. The system currently

stretches 60 miles with a total of 97 stations with an average 116,800

riders per day.

The Portland Aerial Tram is a public and operated as part of Portland’s

public transportation network. It is a unique aerial tramway that

connects the City of Portland’s South Waterfront district to the main

Oregon Health & Science University campus.

60

Light Rail Miles

14.7

Commuter Rails

Miles

78

Bus Routes

17

Transit Centers

100+ Million

Annual Ridership

Trips

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TRIMET | MEARS STREET 4-PLEX | MULTIFAMILY | PORTLAND, OREGON

PORTLAND INTERNATIONAL AIRPORT | MEARS STREET 4-PLEX | MULTIFAMILY | PORTLAND, OREGON

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Portland International Airport, (PDX) s a joint civil-military airport and the largest airport in the U.S.

state of Oregon, accounting for 90 percent of passenger travel and

more than 95 percent of air cargo of the state. It is located

within Portland's city limits just south of the Columbia

River in Multnomah County, 6 miles by air and 12 miles by highway

northeast of Downtown Portland.

Portland International Airport has direct connections to some major

airport hubs throughout the United States, and non-stop international

flights to Canada, Germany, Iceland, Japan, Mexico,

the Netherlands and the United Kingdom. The airport is a secondary

hub for Alaska Airlines and Horizon Air. The airport also serves as a

maintenance facility for Horizon Air.

The airport is served by the MAX Red Line light rail, which takes

passengers between PDX and Downtown Portland, as well as farther

west to Beaverton, Oregon.

In 2016, Travel + Leisure magazine named PDX as the best US airport,

based on its on-time record, dining, shopping, and mass

transportation into the main parts of the city.

18,352,767

Annual Passenger

Traffic (2016)

14,534

Annual Commercial

Flights

#1

Ranked Airport by

Travel + Leisure

426

Daily Commercial

Flights

8.18%

Passenger Traffic

increase from

2015 to 2016

DISCLAIMER| MEARS STREET 4-PLEX | MULTIFAMILY | PORTLAND, OREGON

The material contained in this Offering Brochure is furnished solely for the purpose of considering the purchase of the property within and is not to be

used for any other purpose. This information should not, under any circumstances, be photocopied or disclosed to any third party without the written

consent of the SVN® Advisor or Property Owner, or used for any purpose whatsoever other than to evaluate the possible purchase of the Property.

The only party authorized to represent the Owner in connection with the sale of the Property is the SVN Advisor listed in this proposal, and no other

person is authorized by the Owner to provide any information or to make any representations other than contained in this Offering Brochure. If the

person receiving these materials does not choose to pursue a purchase of the Property, this Offering Brochure must be returned to the SVN Advisor.

Neither the SVN Advisor nor the Owner make any representation or warranty, express or implied, as to the accuracy or completeness of the information

contained herein, and nothing contained herein is or shall be relied upon as a promise or representation as to the future representation of the Property.

This Offering Brochure may include certain statements and estimates with respect to the Property. These Assumptions may or may not be proven to be

correct, and there can be no assurance that such estimates will be achieved. Further, the SVN Advisor and the Owner disclaim any and all liability for

representations or warranties, expressed or implied, contained in or omitted from this Offering Brochure, or any other written or oral communication

transmitted or made available to the recipient. The recipient shall be entitled to rely solely on those representations and warranties that may be made to

it in any final, fully executed and delivered Real Estate Purchase Agreement between it and Owner.

The information contained herein is subject to change without notice and the recipient of these materials shall not look to Owner or the SVN Advisor nor

any of their officers, employees, representatives, independent contractors or affiliates, for the accuracy or completeness thereof. Recipients of this

Offering Brochure are advised and encouraged to conduct their own comprehensive review and analysis of the Property.

This Offering Brochure is a solicitation of interest only and is not an offer to sell the Property. The Owner expressly reserves the right, at its sole

discretion, to reject any or all expressions of interest to purchase the Property and expressly reserves the right, at its sole discretion, to terminate

negotiations with any entity, for any reason, at any time with or without notice. The Owner shall have no legal commitment or obligation to any entity

reviewing the Offering Brochure or making an offer to purchase the Property unless and until the Owner executes and delivers a signed Real Estate

Purchase Agreement on terms acceptable to Owner, in Owner’s sole discretion. By submitting an offer, a prospective purchaser will be deemed to have

acknowledged the foregoing and agreed to release the Owner and the SVN Advisor from any liability with respect thereto.

To the extent Owner or any agent of Owner corresponds with any prospective purchaser, any prospective purchaser should not rely on any such

correspondence or statements as binding Owner. Only a fully executed Real Estate Purchase Agreement shall bind the property and each prospective

purchaser proceeds at its own risk.




www.svnimbrie.com


503.208.9400

Lincoln Tower

10260 SW Greenburg Road, Suite 530

Portland, OR 97223

ph: 503.208.9400

HUGH HOLTMAN | SENIOR ADVISOR

[email protected]

O: 503.208.9393 | M: 503.799.0447

ZACH EYSTER | SENIOR ADVISOR

[email protected]

O: 503.678.9884 | M: 541.359.7190


The information listed above has been obtained from sources we believe to be

reliable, however, we accept no responsibility for its correctness.

Documents

AVAILABLE MEARS STREET 4 PLEX · spacious kitchen that includes dishwasher and wood laminate flooring. Built in 2000, each unit also features off-street parking and washer/dryer hookups