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 HUGH HOLTMAN SENIOR ADVISOR hugh.holtman@svn.com O: 503.208.9393 M: 503.799.0447 ZACH EYSTER ADVISOR zach.eystersvn.com O: 503.678.9884 M: 541.359.7190
MEARS STREET 4-PLEX Portland, Oregon PROPERTY INFORMATION
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 PARKING ZONING Forced Air Off-Street R1
ADDITIONAL PHOTOS (EXTERIOR) MEARS STREET 4-PLEX MULTIFAMILY PORTLAND, OREGON
ADDITIONAL PHOTOS (INTERIOR) MEARS STREET 4-PLEX MULTIFAMILY PORTLAND, OREGON
PARCEL MAP MEARS STREET 4-PLEX MULTIFAMILY PORTLAND, OREGON SUBJECT PROPERTY
AERIAL PHOTO MEARS STREET 4-PLEX MULTIFAMILY PORTLAND, OREGON SUBJECT PROPERTY
MEARS STREET 4-PLEX Portland, Oregon DEMOGRAPHICS
DEMOGRAPHICS MEARS STREET 4-PLEX MULTIFAMILY PORTLAND, OREGON 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 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 snowcapped 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 #2 $406,200 2,389,228 Moving Destination Nationally in Annual Rent Growth Median Home Value MSA Population
ABOUT ST JOHNS (SUBMARKET) MEARS STREET 4-PLEX MULTIFAMILY PORTLAND, OREGON 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 MEARS STREET 4-PLEX MULTIFAMILY PORTLAND, OREGON 60 Light Rail Miles 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. 78 14.7 100+ Million 17 Bus Routes Commuter Rails Miles Annual Ridership Trips Transit Centers
PORTLAND INTERNATIONAL AIRPORT MEARS STREET 4-PLEX MULTIFAMILY PORTLAND, OREGON 18,352,767 Annual Passenger Traffic (2016) 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. 14,534 #1 426 8.18% Annual Commercial Flights Ranked Airport by Travel + Leisure Daily Commercial Flights 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.
HUGH HOLTMAN SENIOR ADVISOR hugh.holtman@svn.com O: 503.208.9393 M: 503.799.0447 ZACH EYSTER SENIOR ADVISOR zach.eyster@svn.com O: 503.678.9884 M: 541.359.7190 Lincoln Tower 10260 SW Greenburg Road, Suite 530 Portland, OR 97223 ph: The information listed above has been obtained from sources we believe to be reliable, however, we accept no