Midtown East & West are a two-building vintage mixed-use portfolio including 39 apartments units and 4 retail units in SW Portland, Oregon. The apartments offer a charming vintage aesthetic and on-site retail includes a neighborhood staple bar, the Triple Lindy, a tattoo parlor, a yoga studio, and an aesthetician. Located in Slabtown, there are ample amenities nearby and the Pearl is just a short walk away. Midtown offers an affordable option in one of the most sought after neighborhoods in Portland. The properties were purchased at an attractive basis and included medium term seller carry.
Our business model includes upgrading the electrical system on one building, seismic upgrades on the other, repairs to the brick facades, grounds improvements, unit interior renovations, and creating leasable storage and a laundry facility in one of the buildings.
Location | 1010 NW 17th Ave. |
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Units | 39 Apartments & 4 Retail Units |
Acquired | Summer 2023 |
Co-Sponsor | One45 Group |
Property Management |