Active

Price cut: $300K (6/8)

$6,400,000

3485 SW 87th Ave, Portland, OR 97225

44beds

25,150sqft

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Multi Family

Built in 1969

-- sqft lot

$-- Zestimate^®

$254/sqft

$-- HOA

What's special

New vinyl windowsSeveral new roofs

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.

46 days

399

11

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Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 44
Bathrooms: 37
Full bathrooms: 36
Partial bathrooms: 1

Appliances

Included: Range, Refrigerator, Electric Water Heater
Laundry: Common Area

Features

Flooring: Hardwood

Interior area

Total structure area: 25,150
Total interior livable area: 25,150 sqft

Property

Parking

Total spaces: 2
Parking features: Off Street, Paved
Garage spaces: 2

Features

Stories: 2

Lot

Size: 0.98 Acres
Features: Level, SqFt 20000 to Acres1

Details

Parcel number: R77650, R77632
Zoning: Multi

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

T111 Siding
Foundation: Concrete Perimeter, Slab
Roof: Composition,Membrane,Metal

Condition

Year built: 1969

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Features: Front Yard Landscaping, Laundry

Location

Region: Portland

Financial & listing details

Price per square foot: $254/sqft
Annual tax amount: $12,958
Date on market: 5/12/2026
Listing terms: Cash,Conventional
Total actual rent: 48375
Road surface type: Paved

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
6/8/2026	Price change	$6,400,000-4.5%$254/sqft
Source: RMLS (OR) #149828715 Report a problem
5/12/2026	Listed for sale	$6,700,000$266/sqft
Source: RMLS (OR) #149828715 Report a problem

Public tax history

Tax history is unavailable.

Monthly payment

Est. payment

Payment breakdown

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All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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