Exclusive Offering
The Belmar Apartments
1964 NW Johnson St, Portland, OR 97209
A 19-unit vintage apartment community in the heart of Portland's storied Alphabet District.
Pricing
$2,000,000
$105,263 Per Unit
The Rhoades Group of Marcus & Millichap is pleased to exclusively represent the sale of The Belmar Apartments, a 19-unit vintage apartment community nestled in the heart of Portland's storied Alphabet District. Originally constructed in 1927, this classic building offers a well-diversified unit mix of 16 studios, 2 one-bedrooms, and 1 two-bedroom unit.
Full financials and property information are available on the Offering Memorandum.
Property Overview
A Classic Alphabet District Asset
The Belmar's enduring architectural character, period details, and timeless street presence contribute to above-average tenant demand and strong retention in one of Portland's most desirable and supply-constrained urban neighborhoods.
Tenants enjoy immediate access to the vibrant NW 23rd and NW 21st Avenue corridors, home to boutique shops, acclaimed restaurants, neighborhood coffee houses, fitness studios, and essential services.
Units
19
Year Built
1927
Floors
3
Unit Summary
Unit Mix
| Unit Type | # Units | Approx SF |
|---|---|---|
| Studio / 1 Bath Flat | 16 | 385 |
| 1 Bed / 1 Bath Flat | 2 | 600 |
| 2 Bed / 1 Bath Flat | 1 | 1,000 |
| Total | 19 | 8,364 |
Gallery
Property Photos
Location
Alphabet District, Portland
The property benefits from an exceptional walkability score, with tenants enjoying immediate access to the vibrant NW 23rd and NW 21st Avenue corridors, home to an eclectic mix of boutique shops, acclaimed restaurants, neighborhood coffee houses, fitness studios, and essential services.
The proximity to Forest Park, one of the largest urban forests in the United States, and the Portland Streetcar line further elevate the Belmar's lifestyle proposition, drawing a stable and desirable renter base that values both urban energy and outdoor access.
Downloads
Access the Full Offering Memorandum
Execute the Confidentiality Agreement to download the complete Offering Memorandum, including full financials, operating statement, rent roll, and market analysis.
Contact
Listing Advisors
Matthew J. Bruegge
Associate, Investments
Marcus & Millichap, The Rhoades Group
License OR 201260802
Whitney Rhoades
Managing Director, Investments
Marcus & Millichap, The Rhoades Group
License OR 201204200