3560 SW VISTA DR, Portland, OR 97225
- $3,585,000
- 22,016
- SqFt
- List Price
- $3,585,000
- Days on Market
- 19
- MLS#
- 411762777
- Property Type
- Multifamily
- Sqft. of Residence
- 22,016
- Lot Size
- 1 to 2.99 Acres
- Region
- Portland NW/ SW/ S, Raleigh Hills
- Status
- ACTIVE
Property Description
Vista Hills Apartments is a 25-unit multifamily community located in the highly desirable Vista Hills neighborhood of Southwest Portland, within unincorporated Washington County. Situated on a 1.03-acre site at 3560 SW Vista Drive, the property offers convenient access to Downtown Portland, Beaverton, Highway 26, and the major employment centers of the Sunset Corridor. The surrounding area benefits from strong household incomes, quality schools, established residential neighborhoods, and limited multifamily inventory, supporting long-term renter demand.Constructed in 1964, Vista Hills features an attractive unit mix of eight one-bedroom units, thirteen two-bedroom units, and four three-bedroom units. Seventeen of the property's twenty-five units (68%) are two-bedroom or three-bedroom floor plans, providing housing options that remain increasingly difficult to develop and highly attractive to long-term residents.Residents benefit from a variety of desirable amenities, including in-unit washer/dryers in nearly all two-bedroom units and all three-bedroom units, dedicated tenant storage lockers, a maintenance/shop area, ample off-street parking, and approximately 1,000 square feet of basement storage and utility space. The property has been professionally operated and offers investors a clear path to future income growth through continued lease-up, rent optimization, and the implementation of a utility reimbursement program (RUBS), which is not currently in place.At the asking price of $3,585,000, Vista Hills Apartments offers investors the opportunity to acquire a well-located westside Portland apartment community with strong in-place cash flow, significant family-oriented housing appeal, operational upside, and long-term appreciation potential within one of the metro area's most established residential neighborhoods.
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Additional Information
- Tax Amount
- $34,186
- Year Built
- 1964
- High School
- Beaverton
- Elementary School
- Ridgewood
- Middle School
- Cedar Park
- Acres
- 1.03
- Living Area
- 22,016
- Stories
- 3
- Subdivision
- VISTA HILLS
- Terms
- Call Listing Agent, Cash, Conventional
- Fuel Description
- Electricity
- Heating Description
- Baseboard
- Hoa Rent Includes
- None
- Hot Water Description
- Electricity
- Exterior Description
- Wood Siding
- Roof Type
- Composition
- Sewer Description
- Public Sewer
- Parking
- Off Street, Paved
- Parking Description
- Off Street, Paved
- Road Surface
- Paved
- Number Of Units Total
- 25
- Unit Type One Baths Total
- 1
- Unit Type One Beds Total
- 1
- Unit Type One Rent
- 1244
- Unit Type One Sq Ft
- 563
- Unit Type One Units Total
- 8
- Unit Type Two Baths Total
- 1
- Unit Type Two Beds Total
- 2
- Unit Type Two Units Total
- 13
- Unit Type Three Baths Total
- 2
- Unit Type Three Beds Total
- 3
- Unit Type Three Rent
- 1711
- Unit Type Three Sq Ft
- 951
- Unit Type Three Units Total
- 4
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Listing courtesy of Barry Investment Real Estate.
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