SOLD! Holgate 4-Plex | $5,800,000
4 UNIT MULTI-FAMILY INVESTMENT
5222 SE Holgate Boulevard | Portland, Oregon 97206
Equity Pacific is pleased to announce the sale of the Holgate 4-Plex located at 5222 SE Holgate Boulevard between the popular Woodstock & Foster/Powell neighborhoods, which has sold for $580,000 ($145,000 per unit and $251 per SF).
Built in 2000 this 4-plex investment property comprises four 1BR/1BA units of approximately 575 SF. The apartments are individually metered for electricity and all feature dishwashers and washer/dryers. There are four off-street parking spaces located behind the building.
A mixed-use building named The Lennox Apartments is currently under construction in the empty lot located diagonally from the subject property. When completed, it will comprise 64 apartment units and approximately 3,500 square feet on the ground floor which is slated to be a restaurant space and a coffee shop.
Jason Waxberg represented the buyer in the transaction.