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Listed by Barry Investment Real Estate

$3,585,000

Est. payment - /mo

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22,016 SqFt

Active

3560 SW VISTA DR Portland, OR 97225

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Tommy Jedrzejczyk

tommy@tltre.com +1(503) 506-4646

UPDATED:

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

Regional Multiple Listing Service (RMLS)

NEARBY SCHOOL & BUSINESS

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