- /
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed by Oregon Realty Advisors, Inc • info@oregonrealtyadvisors.com
$ 1,500,000
Est. payment | /mo
7,680 SqFt
$ 1,500,000
Est. payment | /mo
7,680 SqFt
Key Details
Property Type Multi-Family
Listing Status Pending
Purchase Type For Sale
Square Footage 7,680 sqft
Price per Sqft $195
MLS Listing ID 491612197
HOA Y/N No
Year Built 1968
Tax Year 2024
Lot Size 10,018 Sqft
Property Description
Chateau Apartments is owned by Home Forward, the Housing Authority of Portland, and will be sold as-is with no repairs by seller. Sale is subject to removal of existing HUD rent and income restrictions and Home Forward Board approval prior to closing; please allow approximately 60 days for these approvals.All ten (10) units will be delivered vacant at closing, providing a rare opportunity for immediate renovation and lease-up without relocation or holdover risk.Due to the building being secured during vacancy, no in-person interior tours will be provided prior to an accepted offer. 3D virtual tours are available for preliminary review of 9 of the 10 units, with the remaining unit pending move-out.Buyer to verify all information including unit sizes, zoning (RM2), and redevelopment or repositioning potential. The current governmental property tax exemption is not expected to continue after transfer. Unit mix consists of ten (10) 2-bedroom / 1-bath units ranging approximately 677–717 SF.
Location
State OR
County Multnomah
Area _143
Zoning RM2
Interior
Heating Wall Heater
Cooling None
Exterior
Garage No
Building
Story 2
Sewer Public Sewer
Water Public Water
Level or Stories 2
Schools
Elementary Schools Buckman
Middle Schools Hosford
High Schools Cleveland
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Virtual Tour https://my.matterport.com/show/?m=f3HRHwQxzpi&mls=1
