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3485 SW 87th Ave, Portland, OR 97225

$6,700,000

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Property Description

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.

3485 SW 87th Ave | MLS# 149828715

This multi-family property located at 3485 SW 87th Ave, Portland, OR 97225 is currently listed for sale with an asking price of $6,700,000. Search Portland real estate on dianelozito.bendpremierrealestate.com today.

Property Features

Property Type: Multi Unit - Multiple
Fuel Type: Electricity
Heating: WallHeater
Roof Type: Composition, Membrane, Metal
Stories: 2.0
Taxes: $12,959
Year Built: 1969
Square Feet: 25,150

Units

Unit Type 1:
Bathroom(s): 1
Features: Range, Refrigerator
Rent: $1245.00
Square Footage: 550
Total Units: 2
Unit Type 2:
Bathroom(s): 1
Bedrooms: 1
Features: Range, Refrigerator
Rent: $1295.00
Square Footage: 650
Total Units: 24
Unit Type 3:
Bathroom(s): 1
Bedrooms: 2
Features: HardwoodFloors, Range, Refrigerator
Rent: $1445.00
Square Footage: 800
Total Units: 9
Unit Type 4:
Bathroom(s): 2
Bedrooms: 2
Features: Range, Refrigerator
Rent: $1800.00
Square Footage: 1200
Total Units: 1

Feature Descriptions

Days on Site: 5
Exterior: T-111 Siding
Gross Income: $500159.00 (Actual)
Hot Water: Electricity
Lot: Level
Net Income: $363418.00 (Actual)
Operating Expenses: $180511.00 (Actual)
Parking: OffStreet, Paved
Parking Notes: OffStreet, Paved
Sewer: Public Sewer
Units: 36
Water: Public Water

Local Schools

High School: Beaverton
Middle School: Whitford
Elementary School: Raleigh Hills

Listed By / Shown By

Listed By

Agency Name: Pounder Realty LLC
Agency Phone: 503-680-4638

Shown By

Agent Name: Diane Lozito Broker
Agent Phone: (541) 306-9646
Agency Title: Bend Premier Real Estate

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Estimate Your Payment

Estimated Payment

$ 36,912.93 per month $33,878.85 Principal & Interest $1,079.92 Property Tax $1,954.17 Homeowner's Insurance

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 05/18/2026. The listing information on this page last changed on 05/18/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Mon 05/18/2026 7:09:16 AM EST) or RMLS (last updated Sat 05/16/2026 1:50:22 AM EST) or COAR/MLSCO (last updated Mon 05/18/2026 1:31:20 AM EST). Real estate listings held by brokerage firms other than Bend Premier Real Estate may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.

The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by other brokerage firms are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2026 RMLS, Portland, Oregon. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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