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Alcove Northwest
2250 NW Thurman St Portland OR 97210
Listing #: 713658 | Status: Available | Last Modified: 6/2/2026
| Showing Instructions | |
|---|---|
| Call Listing Agent | No |
| Use Discretion | No |
| Investment Information | |
|---|---|
| Investment Prop | Yes |
| Gross Income | 583,873 |
| Vacancy Factor % | 6.75% |
| Operating Expenses | 213,997 |
| Net Operating Income | 330,464 |
| CAP Rate | 6.73 % |
| Detail Listing Information | |
|---|---|
| Min Total SF | 0 SF |
| Max Total SF | 0 SF |
| Lease Rate Low | $ 0.00 |
| Lease Rate High | $ 0.00 |
| Retail Information | |
|---|---|
| Signage | Signage on Building and Freestanding |
| Financial Summary | |
|---|---|
| CAP Rate | 6.725 |
| Building Information | |
|---|---|
| Building Status | Existing |
| # of Buildings | 1 |
| # of Floors | 5 |
| # of Units | 56 |
| Total Building SF | 14,590 SF |
| Net Rentable Area | 0 SF |
| Total Office SF | 0 SF |
| Largest Contiguous SF | 0 SF |
| Lot SF | 3,920 SF |
| Acres | 0.09 |
| Year Built | 2015 |
| Construction Type | Framed |
| Property Type | |
|---|---|
| Property Type | Multi-Family |
| Building Class | A |
| Location | |
|---|---|
| County | Multnomah |
| Market Area | Not Assigned |
| Tax ID # | R141401 |
| Zoning | CM2 |
| Parking Information | |
|---|---|
| #Covered Spaces | 0 |
| # Uncovered Spaces | 0 |
| Total Parking Spots | 0 |
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
Alcove Northwest
2250 NW Thurman St Portland OR 97210
Listing #: 713658 | Status: Available | Listing Date: 6/2/2026 | Last Modified: 6/2/2026 | Email Listing
For Sale
Alcove Northwest
