Listing provided courtesy of Pounder Realty LLC- MLS# 149828715
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Request Info3485 SW 87TH AVEPortland, OR 97225
Multi-Family · 25,150 Sq. ft. | 0.98 Acres$6,400,000
Active
3485 SW 87TH AVE Overview
- Time on Site:
- 49 days
- Visits:
- 8
The West Slope Apartments is a well-maintained 36-unit multifamily community located in desirable Washington County, offering investors a proven track record of stable operations and long-term ownership since 2007. The property has benefited from significant capital improvements, including new vinyl windows, several new roofs, and all new electrical panels, helping minimize deferred maintenance and support long-term performance. With a strong history of high occupancy and consistent income, West Slope Apartments presents an attractive opportunity in one of the Portland metro area's most established and resilient rental markets. Listing Broker is partial owner of the property. Please do not disturb residents.
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3485 SW 87TH AVE Facts & Features
- Type Multi-Family
- Sq. ft. 25,150
- Price/Sq.ft. $254
- Lot 0.98 Acres
Details
General
School Information
- Elementary School: Raleigh Hills
- Middle Or Junior School: Whitford
- High School: Beaverton
Income/Expenses
- Gross Income: 500159.0
- Gross Scheduled Income: 537354.0
- Net Operating Income: 363418.0
- Operating Expense: 180511.0
Building Information
- Year Built: 1969
Location/Region
- Country: US
- County Or Parish: Washington
- MLS Area Major: 148 - Portland NW/ SW/ S, Raleigh Hills
Community/Development
- Community Features: Front Yard Landscaping,Laundry
Rent/Lease Information
- Rent Includes: Sewer,Trash Collection,Water
Tax Information
- Tax Annual Amount: 12958.85
- Tax Year: 2025
General Information
- Listing Terms: Cash,Conventional
- Parcel Number: R77650, R77632
- Property Type: Multi Family
- Zoning: Multi
Interior
Parking Information
- Garage Spaces: 2.0
Building Interior
- Building Area Total: 25150.0
General Information
- Foundation Details: Concrete Perimeter,Slab
- Heating: Wall Heater
- Stories: 2
Exterior
Parking Information
- Parking Features: Off Street,Paved
Lot Information
- Lot Features: Level
- Lot Size Acres: 0.98
- Lot Size Square Feet: 42688.0
- Road Surface Type: Paved
- Water Source: Public Water
Building Exterior/Construction
- Roof: Composition,Membrane,Metal
General Information
- Number Of Units Total: 36
- Sewer: Public Sewer
3485 SW 87TH AVE Neighborhood
Community
97225 (Portland) Demographics
40
Median Age
3,937
Population Density (per sq. mile)
70%
College Educated
$91,786
Estimated Median Income
6,111
Estimated Total Home Owners
5,625
Estimated Total Renters
52% / 48%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.3485 SW 87TH AVE Monthly Cost
3485 SW 87TH AVE Market Data
Based on the last 30 days in this zip code
$900,144
Average List Price
$353
Average Price per Square Foot
24
Properties Sold
67
Average Days on Market
104
Properties for Sale
3485 SW 87TH AVE History
| Date | Value | Agent |
|---|---|---|
| 6/8/2026Source: Regional MLS | $6,400,000 -4.5% |
|
| 5/12/2026Source: Regional MLS | May 12, 2026 |