2121 Belmont_Property for Sale
2121 Belmont_Property for Sale
2121 SE Belmont St, Portland, OR, 97214-2898, US

2121 Belmont

Asset Description

2121 Belmont (the “Property”) is a 123-unit, Type-1, condominium-designed mid-rise located in the Buckman neighborhood of Portland’s rapidly developing Central Eastside. Originally designed as condominiums, the Property benefits from rare features in the submarket and greater metro, including above average unit sizes, patios and balconies in each unit, and a 1:1 parking ratio. Residents are drawn to the spacious unit layouts, combined with the luxury unit interiors featuring floor to ceiling windows, real hardwood floors, gas range cooktops, and central AC. Located on the well-known Belmont Street, this urban neighborhood is proximate to downtown and is walking distance to an array of excellent dining, variety of grocers, active nightlife scene, and expansive parks. The combination of recreational amenities and proximity to Portland’s most dense employment districts have made the area a magnet for a highly paid and well-educated professional demographic that seek a live-work-play lifestyle.


The offering of 2121 Belmont presents a rare opportunity to acquire a condo quality community in a highly sought after urban location, at a significant discount to current reproduction cost.

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Attributes

Number of units
123
Year built
2008
Building area net
11,384 m²
Land area net
0.42 ha
Parking spaces
124
Occupancy
93%

Media

Investment Highlights

  • Condo quality construction with rare luxury unit features
  • Proximity to Southeast Portland's most prominent retail corridors
  • Exceptional submarket fundamentals
  • Convenient access to Portland's largest employers
  • Severe reduction in multi-housing permit activity fueling future rent growth
  • Opportunity to acquire at an appealing discount to reproduction cost
2121 Belmont 4_Property for Sale
2121 Belmont 4_Property for Sale

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2121 Belmont (0 Properties)

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Last updated
19 Aug 2024