Category Archives: SOLD

Sold by EPRE

CLOSE-IN NE VINTAGE 4-PLEX $805,000

SOLD! Close-In NE Halsey 6-Plex

4 UNIT MULTI-FAMILY INVESTMENT
2431 NE Halsey | Portland, Oregon 97232 | $805,000

Equity Pacific is pleased to announce the sale of the pride of ownership Halsey Vintage 4-Plex which has closed for $805,000 ($201,250 per unit). The property is located in close-inNE Portland in the popular Sullivan’s Gulch Neighborhood. This amazing location offerstenants easy walking or biking proximity to three grocery stores; a newly built New Seasonsnatural food store, QFC and Fred Myers, as well as the Lloyd Center Mall and many coffeeshops, restaurants, and a variety of retail stores.

The Halsey 4-Plex was built in 1900. There are four 1BR/1BA units of approximately 650 SF. The building is wood frame with cedar shake & stucco exterior, concrete foundation and a composition roof. The interiors of the units feature high ceilings, French doors, bay windows, gas ranges and hardwood floors. All units are separately metered for electricity and natural gas. Each apartment has gas ranges, forced air gas heat and hot water heaters. The property features a nice backyard. The large basement has washer / dryer hook-ups and extra storage.

Jason Waxberg represented the seller on this transaction.

CLOSE-IN NE AINSWORTH 6-PLEX

SOLD! Close-in NE Ainsworth 6-Plex

6 UNIT MULTI-FAMILY INVESTMENT
715 NE Ainsworth | Portland, Oregon 97211 | $815,000

Equity Pacific is pleased to announce the sale of the 6 Unit Close-In NE Ainsworth Vintage Apartments for $815,000. The property is comprised of two buildings built in 1944 on a 10,000 SF corner lot with a two-car garage.  The main building is a 4-plex comprising four (4) 1BR/1BA units with hardwood floors and tiled kitchens and baths, and a common shared basement. There is also a duplex comprising two (2) 2BR/1BA Town Homes with fireplaces and private basements which feature washer/dryer hook-ups.

The Close-In NE Ainsworth Vintage 6-Plex is located near Safeway, Walgreens, Starbucks and many other retail stores, as well as parks, schools and public transportation.  The seller had lived in the property for 50 years, and the long term tenants benefitted from below market rents which offset the deferred maintenance in the buildings. The new owner intends to carefully improve the exterior and interiors of the property to realize the building’s pride of ownership potential and achieve market level rents.

Jason Waxberg represented the buyer on this transaction.

PARK REGENCY 15-UNIT APARTMENTS

SOLD! Park Regency 15-Unit Apartments

15 UNIT MULTI-FAMILY INVESTMENT
4502 NE Hancock Street | Portland, Oregon 97213 | $2,445,000

Equity Pacific is pleased to announce the sale of the 15-Unit Park Regency Apartments for $2,445,000. Located in the heart of the Hollywood neighborhood in close-in NE Portland, this attractive two-story property built in 1969 features cedar and brick siding and has been very well maintained.

Situated on a 15,000 SF corner lot, the Park Regency Apartments feature an excellent unit mix comprising two (2) 3BR/1.5BA units, one 2BR/1.5BA Town Home, eight (8) 2BR/1BA units and four (4) 1BR/1BA units. Overall the average apartment size is 800 SF, and the  apartments feature decks and balconies. All the apartments are individually metered for electricity. There is open, off-street asphalt parking for 16 cars.

Park Regency benefits from this strong location as a Walker’s Paradise with a 91 Walk Score and is a Biker’s Paradise with a 98 Bike Score, and is located near Whole Foods, Trader Joe’s, 24-Hour Fitness, Providence Hospital, the Hollywood Theater and a wide variety of  retail stores, coffee shops, parks, schools and public transportation.

Equity Pacific secured the sale of the property against multiple competing offers. The new owner intends to upgrade the property to realize the building’s pride of ownership potential and achieve higher, market level rents.

Chuck Brazer represented the buyer on this transaction.

NE PRESCOTT VINTAGE DUPLEX

SOLD! NE Prescott Vintage Duplex

2 UNIT MULTI-FAMILY INVESTMENT
1423 NE Prescott Street | Portland, Oregon 97211 | $690,000

Equity Pacific is pleased to announce a record-setting sale price for the pride of ownership Close-In NE Prescott Vintage Duplex which has closed for $690,000, the highest price ever achieved for a duplex in the 97211 zip code according to RMLS. Located at 1423 NE Prescott Street and built in 1913, this side by side duplex underwent a complete renovation in 2011 that preserved the building’s turn-of-the-century charm while adding modern, high-end finishes.

There are two large 2BR/2BA units of approximately 1,200 SF, each with a third room adjacent to the upstairs bedroom which can be used as an office or den. The apartments feature new electrical service and recessed lighting throughout, and new energy-efficient windows. The hardwood floors have been completely refinished. The kitchens are all new with slow-close cabinets, granite counters, stainless steel appliances and gas ranges.

The units are separately metered for electricity, natural gas and water/sewer.  Each apartment has new stacked front loading washers and dryers. There are new high-efficiency furnaces and tank-less hot water heaters. The water lines and sewer lines are all new. Both units have an outdoor storage shed and one unit has its own driveway. Tenants benefit from a highly walkable location close to restaurants, coffee shops and retail stores.

Jason Waxberg and Benjamin Ficker represented the seller on this transaction.

RIVERSCAPE LOT 1 – PEARL LAND – $4,250,000

SOLD! RIVERSCAPE LOT 1 – PEARL DISCTRICT

MULTI-FAMILY LAND INVESTMENT
NW Riverfront Lot 1 | Portland, OR 97209 | $4,250,000

PROPERTY OVERVIEW

Equity Pacific is pleased to announce the sale of the Riverscape Lot 1 Multi-Family LandDevelopment for $4,250,000. Fore Property Company plans to build the 149 unit apartment community to be known as the Guild Lofts that will capture the best of the Portland lifestyle just north of the Fremont Bridge.

Conveniently located in the heart of one of Portland’s up-and-coming neighborhoods, residents will be able to step out and be anywhere in the city within minutes. River views from the 4th floor outdoor deck and front-door access to the riverfront trail appeal to all demographics. There will be a mix of studio, one, and two bedroom units. Units will have Energy Star* appliances including dishwasher, microwave-oven, range, and washer / dryer. Common area amenities will include a spacious clubhouse with meeting space, business center and fitness room located on the waterfront.

Completion is scheduled for late summer 2016.

Jason Waxberg represented both parties to the transaction. 

RIVERSCAPE LOT 8 – PEARL LAND – $8,500,000

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SOLD! NW RIVERFRONT LOT 8

Riverscape Lot 8
MULTI-FAMILY LAND INVESTMENT
NW Riverfront Lot 8 | Portland, OR 97209 | $8,500,000

PROPERTY OVERVIEW

Equity Pacific is pleased to announce the sale of the Riverscape Lot 8 Multi-Family Land Development for $8,500,000. The crown jewel of Fore Property Company’s Portland portfolio, this beautiful 250-unit waterfront apartment project overlooks the Willamette River just north of the downtown core. The Riverscape Lot 8 development will feature high-end interior appointments and luxury amenities such as a roof terrace and yoga studio.

Completion is scheduled for summer 2016 and will cater to the upwardly mobile and affluent Portlander. The project is comprised of two buildings with 200 underground parking spaces and a surface parking area.

Jason Waxberg represented both parties to the transaction.