Presented by: McCleary Realty -
Property Description
West Lombard 1 is a 12-unit, net-zero, new-construction (2025) multifamily asset, fully leased and stabilized. All corner units, purpose-built for energy-efficient operations, deaturing a net-zero energy profile with low operational cost. Twelve modern units sit on a walkable stretch of N Lombard across from New Seasons, with easy access to shopping, dining, parks, and transit. Turnkey, green building with durable income and long-term upside. Offering memorandum available to qualified buyers.
Interior Features
Bedrooms
Unit 1 Beds Total1
Bathrooms
Unit 1 Baths Total1
Other Interior Features
UnitType1ActualRent1783
UnitType1FeaturesAirConditioning, Deck, HardwoodFloors, WasherDryer
UnitType1UnitsTotal12
FuelDescriptionElectricity, Solar
BasementCrawlSpace
Hot WaterElectricity
Unit TypeUnitTypeType1
General
Accessory Dwelling Unit Y/NN
CityPortland
Community FeaturesAllLandscaping, CentralAir
CoolingCentralAir, MiniSplit
CountyMultnomah
DirectionsN Lombard & N Westanna
DisclosuresDisclosure
Elementary SchoolCesar Chavez
Gross Income258300.0
HOANo
HeatingForcedAir, MiniSplit
High SchoolRoosevelt
Legal DescriptionWILLUMBIA, BLOCK 1, LOT 3&4 EXC PT IN ALLEY
Listing TermsCash, Conventional
Lot Size Square Feet4,791 sqft
MLS Area_141
Middle/Junior High SchoolCesar Chavez
Net Operating Income178593.0
Number Of Units Total12
Operating Expense79707.0
Parcel Number0
Property ConditionNewConstruction
Property TypeMultiFamily
Rent IncludesElectricity, Sewer, TrashCollection, Water
RoofFlat
Security FeaturesFireSprinklerSystem, IntercomEntry, SecurityLights
SewerPublicSewer
Standard StatusActive
StatusActive
Stories Count3
Subdivision NamePORTSMOUTH
Tax Annual Amount$1,325
Tax Year2025
Year Built2025
ZoningRM2
Exterior
Building Area Total8,325 sqft
Exterior DescriptionCementSiding
Lot Dimensions50 x 100
Lot FeaturesLevel
Lot Size Acres0.11
Parking FeaturesNone
Water SourcePublicWater
Additional Details
Price History
Schools
Elementary School
Cesar Chavez Elementary School
High School
Roosevelt High School
Middle School
Cesar Chavez Middle School
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