Multifamily Housing
47 Southwest Bancroft Street, 21-47 Portland, OR 97239
Details & Description
Price: $1,820,000
    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
    • 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
    Building Size: 5,200 SF
    Lot Size: 0.500 AC
    Land Size: 21,780 SF
    Building $/SF: $350.00
    Land $/SF: $83.56
    Price
    $1,820,000
    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

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    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:

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    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.

    Common Questions and Answers

    What is the asking price for 47 Southwest Bancroft Street, 21-47 in Portland?
    The asking price for 47 Southwest Bancroft Street, 21-47 is $1,820,000
    What is the building size of this Multifamily property in Portland, OR?
    The size of the building/unit at 47 Southwest Bancroft Street, 21-47 in Portland is 5,200 square feet
    How much land does the Portland, OR property at 47 Southwest Bancroft Street, 21-47 include?
    47 Southwest Bancroft Street, 21-47 in Portland includes 0.500 acres of land
    What is the population within 1 mile of 47 Southwest Bancroft Street, 21-47 in Portland?
    The population within 1 mile of 47 Southwest Bancroft Street, 21-47 Portland, OR 97239 is 14,491 people.
    Who do I contact for questions about 47 Southwest Bancroft Street, 21-47?
    You should contact the listing agent, Cameron Mercer, for any details regarding this commercial listing.

    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