NEW! Buy and sell safely with virtual options - Learn More
About the Listing BIRE01 - PBARRY
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.
Listing Highlights
Status
Active
Days on Site
9
Property Type
Multi-Family
MLS ®
411762777
Year Built
1964
Total Square Footage
22,016
Lot/Acreage
1.03
County
Washington
Neighborhood
Vista Hills
Elementary School
Ridgewood
Middle School
Cedar Park
High School
Beaverton
Interior Details
- Bedrooms: 46
- Bathrooms: 29 Full
- Appliances:
- Air Cond:
- Heating: Baseboard
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Exterior Entry,Full Basement,Storage Space
- Other:
- Water: Public Water
Exterior Details
- Garage Capacity: N/A
- Zoning: OC
- Roof: Composition
- Others: Existing
- Sewer: Public Sewer
- Parking Features: Off Street,Paved
Financial Details
- Tax Amount: $34,186
- Taxes w/Assessments: N/A
- Tax/Property ID: R75082
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Years
% Down Payment
% Mortgage Rate
Questions About..
3560 SW Vista Dr Portland, OR 97225
Never Miss A New Property
Get notified any time there's a new home on the market in this neighborhood!
Don't worry! We'll never spam you or sell your details. You can unsubscribe whenever you'd like.
Listing Courtesy of -
