Multifamily Housing - For Sale
47 Southwest Bancroft Street, 21-47 Portland, OR 97239
Details & Description
Price: $1,820,000
  • Property Type Multifamily for Sale
  • Lot Size Acres 0.500
  • Building Sq Ft 5,200
  • Building Price per Sq Ft $350.00
  • Land Sq Ft 21,780
  • Land Price per Sq Ft $83.56
Norris & Stevens Inc., as the exclusive listing agent, is pleased to present this one of a kind opportunity to purchase The Bancroft Apartments, a 6-unit Multi- Family asset located in the very desirable Portland Homestead neighborhood. This property was built in several different phases over the years which brings a certain uniqueness to an investment property. The property offers two single-family homes, along with four large townhomes. All of the units have two-bedrooms and are quite spacious with new interior finishes. There isn’t another 6-plex with this setup in the city of Portland! The Bancroft Apartments location offers residents the ability to get to downtown Class A retail and restaurants, beautiful schools, and the Willamette river waterfront park(s). Residents also have the ability to be in a quiet, sought after neighborhood that has access to the South Waterfront, Johns Landing, and multiple highway’s within minutes. This is one of the best locations to live in Portland!
Property Highlights
Additional Photos
Listing Agents
Cameron Mercer

O: 503-225-8456
cameronm@norris-stevens.com
While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

47 Southwest Bancroft Street, 21-47

Portland, OR 97239

Listing ID: 262597
$1,820,000
For Sale
  • Property Type Multifamily for Sale
  • Lot Size Acres 0.500
  • Building Sq Ft 5,200
  • Building Price per Sq Ft $350.00
  • Land Sq Ft 21,780
  • Land Price per Sq Ft $83.56
  • 47 Southwest Bancroft Street, 21-47 Portland, OR 97239 | for Sale | Photo 1
  • 47 Southwest Bancroft Street, 21-47 Portland, OR 97239 | for Sale | Photo 2
  • 47 Southwest Bancroft Street, 21-47 Portland, OR 97239 | for Sale | Photo 3
  • 47 Southwest Bancroft Street, 21-47 Portland, OR 97239 | for Sale | Photo 4
  • 47 Southwest Bancroft Street, 21-47 Portland, OR 97239 | for Sale | Photo 5
  • 47 Southwest Bancroft Street, 21-47 Portland, OR 97239 | for Sale | Photo 6
47 Southwest Bancroft Street, 21-47 | for Sale | Thumbnail 1
47 Southwest Bancroft Street, 21-47 | for Sale | Thumbnail 2
47 Southwest Bancroft Street, 21-47 | for Sale | Thumbnail 3
47 Southwest Bancroft Street, 21-47 | for Sale | Thumbnail 4
47 Southwest Bancroft Street, 21-47 | for Sale | Thumbnail 5
47 Southwest Bancroft Street, 21-47 | for Sale | Thumbnail 6
Property Highlights
 Number of Units 6
 Construction Wood Frame
 Year Built 1906-1995. The property was constructed in three different phases.
 Average Size of Unit 867 SF
 Parking 6 total spaces off-street. Neighbourhood also offers street parking with city permit.
Description

Norris & Stevens Inc., as the exclusive listing agent, is pleased to present this one of a kind opportunity to purchase The Bancroft Apartments, a 6-unit Multi- Family asset located in the very desirable Portland Homestead neighborhood. This property was built in several different phases over the years which brings a certain uniqueness to an investment property. The property offers two single-family homes, along with four large townhomes. All of the units have two-bedrooms and are quite spacious with new interior finishes. There isn’t another 6-plex with this setup in the city of Portland! The Bancroft Apartments location offers residents the ability to get to downtown Class A retail and restaurants, beautiful schools, and the Willamette river waterfront park(s). Residents also have the ability to be in a quiet, sought after neighborhood that has access to the South Waterfront, Johns Landing, and multiple highway’s within minutes. This is one of the best locations to live in Portland!

Attachments & Files
Points of Interest & Demographic Radii
Points of Interest
Demographic Radii
POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
 
Portland History of Multifamily Housing for Sale

Loan and Amortization Calculator

Listing Price
Down Payment

Loan Amount:
Interest Rate:
Term (months):

Your Monthly Payment

$0.00

Total Principal: --

Total Interest: --

Total Cost: --

Portland Area Market Trends

Listing Demographics for 47 Southwest Bancroft Street, 21-47 Portland, OR 97239

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

1-Mile 3-Miles 5-Miles
Total Population14,491179,980434,035
Population Median Age444040
Population by Age0-9 Yrs795 (5%)13759 (7%)39980 (9%)
10-19 Yrs497 (3%)13009 (7%)35496 (8%)
20-29 Yrs2913 (20%)33467 (18%)68784 (15%)
30-39 Yrs3090 (21%)37948 (21%)85255 (19%)
40-49 Yrs1901 (13%)24630 (13%)62989 (14%)
50-59 Yrs1569 (10%)19871 (11%)52080 (11%)
60-69 Yrs1464 (10%)20607 (11%)50366 (11%)
70+ Yrs2263 (15%)16690 (9%)39085 (9%)
Median HH Income$90,750$74,110$78,299
Total Household Income< 24K1154 (14%)18326 (20%)33255 (16%)
25-49K1070 (13%)14760 (16%)32717 (16%)
50-74K1118 (13%)12429 (13%)29749 (15%)
75-99K1118 (13%)10454 (11%)24391 (12%)
100-199K2397 (29%)22536 (24%)52405 (26%)
200K+1236 (15%)11686 (12%)25365 (12%)
Highest Education LevelNo Diploma159415512720
Diploma or GED6271251836084
Some College14602428361410
Assoc. Degree791742918911
Bachelors Degree449152619117580
Higher Degree45474019387204
Total Housing Units8,86898,358212,218
--Owner-Occupied3,28935,82999,385
--Renter-Occupied4,80454,36298,497
Owner-Occupied Values< 100K13271222
100-199K366172672
200-299K22224869990
300-399K486501017606
400-499K704692818826
500K+18402046249070
Total Working Age Population13,348159,647372,837
In Work Force8,837111,395264,424
Not In Work Force4,51148,252108,413
Workforce Employed8,535106,334253,342
Workforce Unemployed3024,99510,905
Civlian Workforce8,837111,329264,247
Military Workforce067177
Total Households8,09390,191197,882
Family Households2,84234,49892,955
Non-Family Households5,25155,693104,927
Married Couple2,61328,89574,958
Other Family2295,60317,997
Married w/Child64110,29728,936
Single Male w/Child808482,543
Single Female w/Child602,2166,964

Population Change Last Two Decades - Plus Projection

2000%2010%2020%2030
Oregon3,421,399+123,831,074+114,264,810+114,727,438
Clackamas County338,391+11375,992+14428,860+14490,011
Multnomah County660,486+11735,334+12822,675+10906,904
Washington County445,342+19529,710+17619,337+16718,633
Washington5,894,121+146,724,540+147,638,415+118,503,178
Clark County345,238+23425,363+17499,400+16576,879

Total Working Age Population:

Total Households:

Total Working Age Population:

Total Households:

Total Working Age Population:

Total Households:

No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

Closest Commercial Airports
Airport Distance (mi)
Portland International Airport (PDX) 8
Seattle Tacoma International Airport (SEA) 136
Boeing Field King County International Airport (BFI) 142
Listing Agent
More listings from Cameron Mercer
Featured Local Vendors
• SUPPORT OUR FREE PLATFORM •
The below vendors allow us to provide our platform at no cost. Please consider their services when needed.
• Electrical Contractor •
Cochran Inc logo
New or existing work, get a quote!
• HVAC Contractor •
River City NW Mechanical logo
Click to stay cool this summer
• Custom Radius Reports •
Cubit logo
Get the data you need. Click here

Share
Other property types near Portland, OR