3485 SW 87TH AVE, Portland, OR 97225 | MLS #149828715 | Berkshire Hathaway HomeServices Northwest Real Estate

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Listing provided courtesy of Pounder Realty LLC- MLS# 149828715MLS Provider

3485 SW 87TH AVEPortland, OR 97225

Multi-Family · 25,150 Sq. ft. | 0.98 Acres
$6,400,000 Active

3485 SW 87TH AVE Overview

Time on Site:
49 days
Visits:
8

The West Slope Apartments is a well-maintained 36-unit multifamily community located in desirable Washington County, offering investors a proven track record of stable operations and long-term ownership since 2007. The property has benefited from significant capital improvements, including new vinyl windows, several new roofs, and all new electrical panels, helping minimize deferred maintenance and support long-term performance. With a strong history of high occupancy and consistent income, West Slope Apartments presents an attractive opportunity in one of the Portland metro area's most established and resilient rental markets. Listing Broker is partial owner of the property. Please do not disturb residents.

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3485 SW 87TH AVE Facts & Features

  • Type Multi-Family
  • Sq. ft. 25,150
  • Price/Sq.ft. $254
  • Lot 0.98 Acres

Details

General

School Information

  • Elementary School: Raleigh Hills
  • Middle Or Junior School: Whitford
  • High School: Beaverton

Income/Expenses

  • Gross Income: 500159.0
  • Gross Scheduled Income: 537354.0
  • Net Operating Income: 363418.0
  • Operating Expense: 180511.0

Building Information

  • Year Built: 1969

Location/Region

  • Country: US
  • County Or Parish: Washington
  • MLS Area Major: 148 - Portland NW/ SW/ S, Raleigh Hills

Community/Development

  • Community Features: Front Yard Landscaping,Laundry

Rent/Lease Information

  • Rent Includes: Sewer,Trash Collection,Water

Tax Information

  • Tax Annual Amount: 12958.85
  • Tax Year: 2025

General Information

  • Listing Terms: Cash,Conventional
  • Parcel Number: R77650, R77632
  • Property Type: Multi Family
  • Zoning: Multi

Interior

Parking Information

  • Garage Spaces: 2.0

Building Interior

  • Building Area Total: 25150.0

General Information

  • Foundation Details: Concrete Perimeter,Slab
  • Heating: Wall Heater
  • Stories: 2

Exterior

Parking Information

  • Parking Features: Off Street,Paved

Lot Information

  • Lot Features: Level
  • Lot Size Acres: 0.98
  • Lot Size Square Feet: 42688.0
  • Road Surface Type: Paved
  • Water Source: Public Water

Building Exterior/Construction

  • Roof: Composition,Membrane,Metal

General Information

  • Number Of Units Total: 36
  • Sewer: Public Sewer

3485 SW 87TH AVE Neighborhood

Community

97225 (Portland) Demographics

40
Median Age
3,937
Population Density (per sq. mile)
70%
College Educated
$91,786
Estimated Median Income
6,111
Estimated Total Home Owners
5,625
Estimated Total Renters
52% / 48%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

3485 SW 87TH AVE Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

3485 SW 87TH AVE Market Data

Based on the last 30 days in this zip code

$900,144
Average List Price
$353
Average Price per Square Foot
24
Properties Sold
67
Average Days on Market
104
Properties for Sale
Calculations provided by Reliance Network

3485 SW 87TH AVE History

Date Event Value Agent
6/8/2026Source: Regional MLS Price Reduction
$6,400,000 -4.5%
5/12/2026Source: Regional MLS Added to Database
May 12, 2026