2250 NW Thurman St
Portland OR 97210
Alcove Northwest
2250 NW Thurman St Portland OR 97210
Listing #: 713658 | Status: Available | Last Modified: 6/2/2026 |
For Sale
- Phone:(503) 721-2719
- Email:clay.newton@kidder.com
- Office Name:Kidder Mathews
- Office Phone:(208) 362-8600
- Office Website:
- Agent Phone:(425) 681-7695
- Agent Email:winslow.lee@kidder.com
- Agent Phone:(206) 665-3272
- Agent Email:jd.fuller@kidder.com
- Call Listing AgentNo
- Use DiscretionNo
- Listing Price$ 5,500,000.0
- $/SF$ 377.0
- $/Unit$ 5,500,000.0
- Listing StatusAvailable
- Days on Market8
- Asset ClassMulti-Family
- Terms
- Investment Type
- Investment PropYes
- Gross Income583,873
- Vacancy Factor %6.75%
- Operating Expenses213,997
- Net Operating Income330,464
- CAP Rate 6.73 %
- Min Total SF0
- Max Total SF0
- Lease Rate Low$ 00.0
- Lease Rate High$ 00.0
- Heat Source
- Total Units
- Water
- Electricity
- Storm Sewer
- SignageSignage on Building and Freestanding
- Anchor
- CAP Rate 6.73 %
- Building StatusExisting
- # of Buildings1
- # of Floors5
- # of Units56
- # of Elevators
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Total Building SF14590
- Net Rentable Area0
- Total Office SF
- Largest Contiguous SF
- Lot SF3920
- Acres0.09
- Property TypeMulti-Family
- Office Type
- Building ClassA
- CountyMultnomah
- Vicinity
- Location Description
- Second Address
- Cross Street
- Market AreaNot Assigned
- Tax ID #R141401
- Additional Parcels
- ZoningCM2
- # Covered Spaces0
- # Uncovered Spaces0
- Total Parking Spots0
- Parking Ratio
- Year Built2015
- Year Renovated
- Completion Date
- Roof Type
- Construction TypeFramed
Alcove Northwest
Alcove Northwest is a modern 54-unit micro-studio apartment community located in Portland’s historic Alphabet District, one of the city’s most walkable and desirable urban neighborhoods. Built in 2016, the property features efficient studio layouts with premium finishes, quartz counters, large windows, vaulted ceilings, secure controlled access, community kitchens, high-speed Wi-Fi, bike storage, and multiple laundry facilities. The asset benefits from a 2026–2027 property tax abatement on real property improvements and remains exempt from Oregon statewide rent control for several more years. Located steps from NW 23rd Avenue, New Seasons Market, Forest Park, the Pearl District, and Downtown Portland, Alcove Northwest offers investors a stabilized, low-maintenance asset with strong tenant
