Overlook Flats – 100% Leased Investment Opportunity!
Offering Highlights
Overlook Flats offers a modern design, convenience and community. This newly constructed multi-family property is ideally situated in North Portland’s Overlook neighborhood, just minutes away from Adidas North American headquarters, Daimler, St Johns, University of Portland, retail corridors, public transit and downtown Portland. Ideally situated for long-term hold and continued rent growth.
Greely Court is 100% leased one and two bedroom units, with modern design and luxury floorplans.
The property is exempt from inclusionary zoning affordability requirements.
Overview
- Address: 5780-5790 N Greeley Avenue, Portland, OR 97217
- Building Size: ± 16,244 Gross Building Area SF
- Units: 26
- Unit Mix: 1 bedroom (24) 2 bedroom (2)
- Number of Buildings: 2
- Stories: 3
- Year Built: 2022
- Occupancy: 100%
Amenities
- Located in North Portland’s Overlook neighborhood Gated community with courtyard style private entry Luxury floor plans with efficient layouts
- Wood-framed construction with Hardie siding, fully sprinklered, pex plumbing, copper electrical and TPO roof
- Modern finishes
- Cadet heaters & A/C ready
- Vinyl windows & abundant natural light
- High efficiency stainless steel appliances
- Quartz countertops
- Wood tone plank vinyl flooring
- Private patios/balconies in select units
- Washer and dryer in-unit
- Pet-friendly community
- Walking distance to Adidas World Headquarters, local restaurants, cafes and retailers
- TriMet bus just steps away and MAX lightrail close-by creating easy access to all over the Portland Metro
Excellent Location
Overlook Flats is just a five-minute walk to Adidas Village, the brand’s North American headquarters and third largest athletic and outdoor retail employer in the city. A few blocks west, corporate center and manufacturing hub Swan Island Industrial Park houses other major employers including UPS and FedEx ship centers. An 8-minute commute south, Legacy Emanuel Medical Center is the second largest hospital in city limits and fifth largest employer in the Portland metro region.
Overlook Flats is a short walk to shops and eateries along Killingsworth Street and Interstate Avenue. Nearby is also the historic Mississippi neighborhood, famed for its arts and cultural scene.
Apartment residents have easy access to river views at Mock Crest and Overlook Park, and to the east, the manicured rose garden Peninsula Park lends Portland its reputation as the City of Roses.
Neighboring schools Portland Community College and University of Portland keep the neighborhood buzzing with academic residents. Home to a comfortable, residential feel, the neighborhood is dotted with community gardens and dog parks, and down the road from local grocer New Season Market and coffee shop/lending library The Stacks, which hosts regular author talks and creative writing soirées.
