Watergate Apartments
10 S Porter St, Portland, OR 97201
Price$2,800,000
Number of Units28
Building Size10,970 sqft
Price/Unit$100,000
Property TypeMultifamily
Sub Type3 Story
Cap Rate8.05%
Highlights
- Easily Accessible — Close to major highways and public transit
- Interior Upgrades
- Off Street Parking
- Onsite Laundry
Description
Built in 1976, The Watergate Apartments is a 28-unit, three-story apartment community located in SW Portland. The property features a mix of studio and one-bedroom/one-bath units and offers on-site laundry and 18 off-street parking spaces.
Financial Summary
- Pro Forma NOI: $225,340
- Pro Forma Cap Rate: 8.05%
Gallery