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.
Active
Price cut: $405K (7/21)
$5,995,000
3485 SW 87th Ave, Portland, OR 97225
44beds
25,150sqft
:
Get pre-qualified$42,346/mo
Multi Family
Built in 1969
-- sqft lot
$-- Zestimate®
$238/sqft
$-- HOA
What's special
New vinyl windowsSeveral new roofs
- 93 days |
- 276 |
- 4 |
Zillow last checked:
Listing updated:
Listed by:
Grayson Pounder 503-680-4638,
Pounder Realty LLC
Source: RMLS (OR),MLS#: 149828715
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: $238/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
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 7/21/2026 | Price change | $5,995,000-6.3%$238/sqft |
Source:  RMLS (OR) #149828715 Report a problem | ||
| 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
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 97225
Nearby schools
GreatSchools rating
- 5/10Raleigh Park Elementary SchoolGrades: PK-5Distance: 0.6 mi
- 5/10Whitford Middle SchoolGrades: 6-8Distance: 2.3 mi
- 7/10Beaverton High SchoolGrades: 9-12Distance: 2.1 mi
Schools provided by the listing agent
- Elementary: Raleigh Hills
- Middle: Whitford
- High: Beaverton
Source: RMLS (OR). This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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A local agent can set up tours, give advice and negotiate with sellers.
