The Martin

2955 Northeast Martin Luther King Junior Boulevard, Portland, OR

$3,660,000

Price

5.2%

Cap Rate

$191,750

NOI

Overview
Cap Rate
5.2%
NOI
$191,750
Building Size
9,742 sqft
Lot Area
0.2 acres
Units
14
Occupancy
100%
Year Built
2013
Zoning
CM3
Floors
2
Heating
Central
Cooling
Central
Description

The Martin is part of a three apartment portfolio also including The Louie and The King. They are three unique apartment buildings in NE Portland stylish core. They feature 41 amenity rich apartment units. These include in unit washer and dryers, balconies, hardwood floors, dishwashers, stainless steel appliances, and more. The total sale price is $10,600,000.


North Eliot is a lifestyle rich, walkable neighborhood containing shops, breweries, restaurants, chain stores, and grocery stores. The apartments are well connected, being on MLK JR Blvd, Portland's primary North-South surface road. They are within the I-5 corridor and and are served by Trimet Bus Line 6. Legacy Emanuel Hospital, the Moda Center, the Lloyd Center, and several Portland Public Schools are within walking distance.




Walk Score of 89 and Bike Score of 99


100% Occupancy


Easy access via I-5, I-84, and Trimet Line 6


Amenity-rich units

Location