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Listed by Barry Investment Real Estate
$3,585,000
Est. payment /mo
22,016 SqFt
New
3560 SW VISTA DR Portland, OR 97225
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Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 22,016 sqft
Price per Sqft $162
Subdivision Vista Hills
MLS Listing ID 411762777
HOA Y/N No
Year Built 1964
Annual Tax Amount $34,186
Tax Year 2025
Lot Size 1.030 Acres
Property Description
Vista Hills Apartments is a 25-unit multifamily community located in the highly desirable Vista Hills neighborhood of Southwest Portland, within unincorporated Washington County. Situated on a 1.03-acre site at 3560 SW Vista Drive, the property offers convenient access to Downtown Portland, Beaverton, Highway 26, and the major employment centers of the Sunset Corridor. The surrounding area benefits from strong household incomes, quality schools, established residential neighborhoods, and limited multifamily inventory, supporting long-term renter demand.Constructed in 1964, Vista Hills features an attractive unit mix of eight one-bedroom units, thirteen two-bedroom units, and four three-bedroom units. Seventeen of the property's twenty-five units (68%) are two-bedroom or three-bedroom floor plans, providing housing options that remain increasingly difficult to develop and highly attractive to long-term residents.Residents benefit from a variety of desirable amenities, including in-unit washer/dryers in nearly all two-bedroom units and all three-bedroom units, dedicated tenant storage lockers, a maintenance/shop area, ample off-street parking, and approximately 1,000 square feet of basement storage and utility space. The property has been professionally operated and offers investors a clear path to future income growth through continued lease-up, rent optimization, and the implementation of a utility reimbursement program (RUBS), which is not currently in place.At the asking price of $3,585,000, Vista Hills Apartments offers investors the opportunity to acquire a well-located westside Portland apartment community with strong in-place cash flow, significant family-oriented housing appeal, operational upside, and long-term appreciation potential within one of the metro area's most established residential neighborhoods.
Location
State OR
County Washington
Community Laundry
Area _148
Zoning OC
Rooms
Basement Exterior Entry, Full Basement, Storage Space
Interior
Heating Baseboard
Exterior
Community Features Laundry
Roof Type Composition
Garage No
Building
Story 3
Foundation Block
Sewer Public Sewer
Water Public Water
Level or Stories 3
Schools
Elementary Schools Ridgewood
Middle Schools Cedar Park
High Schools Beaverton
Others
Acceptable Financing CallListingAgent, Cash, Conventional
Listing Terms CallListingAgent, Cash, Conventional
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