$2,600,000

Actual monthly rent is $18,769 for October 2026, with 80% occupancy, anticipated to reach 100% by the end of October. C-Channel Lofts built in 2021, this contemporary, three-story, multi-use commercial building is located in North Portland's Arbor Lodge neighborhood and includes fourteen loft-style one-bedroom apartments and a commercial space.  The one-bedroom apartments range from 391 to 476 square feet.  Apartment features include engineered hardwood floors, custom cabinetry, built-in shelves, stainless steel appliances, wood-framed windows, tiled floors and showers, in-unit washer and dryer, tall ceilings, and ductless mini-splits.  Secure access with a courtyard and secure bike storage room; units 101 and 102 have backyards.   The building is located at the intersection of N Rosa Parks Way and N Interstate Ave, with the MAX station and New Season located on N Interstate Ave.  The building is in an ideal location transit, shops, restaurants, parks, and coffee shops.  Incredible bike score of 100%. Check out the distance to University of Portland and Adidas Village. Pro forma CAP Rate of 6.6%.