Exclusive Offering
North Shore Apartments
50 Northshore Road Lake Oswego OR, 97034
25-Unit Apartment Community Built in 1955 Adjacent to Oswego Lake
Pricing
$4,900,000
$196,000 Per Unit
The Rhoades Group of Marcus & Millichap is pleased to exclusively represent the sale of North Shore Apartments, a 25-unit multifamily community located at 50 Northshore Road in Lake Oswego, Oregon. Positioned directly adjacent to the shores of Lake Oswego, the property offers a truly irreplaceable setting within one of the Portland metropolitan area's most affluent and desirable residential communities. Opportunities to acquire multifamily real estate with immediate proximity to the lake are exceptionally rare, creating a unique investment opportunity defined by location, scarcity, and long-term desirability.
Full financials and property information are available on the Offering Memorandum.
Property Overview
A Lake Adjacent Multifamily Asset
Constructed in 1955, North Shore Apartments features a unit mix consisting of 16 studio units, six one-bedroom units, one two-bedroom townhome, and two three-bedroom townhomes. The diverse unit mix appeals to a broad resident base, while the townhome residences provide housing options that are rarely available within the immediate area. Residents benefit from a central courtyard, common laundry facilities, 25 surface parking spaces, rented storage units, and select units with washer and dryer hookups.
One of North Shore's most compelling attributes is its exceptional walkability and connectivity. Residents enjoy immediate access to downtown Lake Oswego's collection of restaurants, cafes, boutiques, neighborhood retailers, parks, entertainment venues, and community gathering spaces. Public transportation is also readily accessible, providing convenient connections to downtown Portland and regional employment centers.
Units
25
Year Built
1955
Buildings
2
Unit Summary
Unit Mix
| Unit Type | # Units | Approx SF |
|---|---|---|
| Studio / One Bath Flat | 16 | 352 |
| One Bed / One Bath Flat | 6 | 685 |
| Two Bed / One Bath TH | 1 | 1,650 |
| Three Bed / Two Bath TH | 2 | 1,650 |
| Totals / Weighted Avg | 25 | 588 |
Gallery
Property Photos
Location
Downtown Lake Oswego, Oregon
Lake Oswego is a premier suburban community located approximately eight miles south of downtown Portland in Clackamas County. Positioned along Interstate 5 and State Highway 43, the city provides convenient access to downtown Portland, Washington County's technology corridor, Beaverton, Tigard, Tualatin, Portland International Airport, and the Kruse Way employment corridor, one of the region's largest concentrations of professional services, technology, finance, and corporate employers.
Widely regarded as one of the Pacific Northwest's most desirable residential communities, Lake Oswego is anchored by Oswego Lake, the region's only private lake, and is known for its exceptional quality of life, top-performing public schools, extensive park system, and vibrant downtown district. Opportunities to acquire multifamily assets in close proximity to Oswego Lake are exceptionally rare, particularly within walking distance of Downtown Lake Oswego's premier retail, dining, and lifestyle amenities.
Downloads
Offering Memorandum
The complete Offering Memorandum, including operating data, rent roll, and pricing details, is available to qualified parties upon execution of the Confidentiality Agreement.
Contact
Listing Advisors
Chandler Miller
Director Investments
Marcus & Millichap, The Rhoades Group. License OR 201238624
Whitney Rhoades
Managing Director Investments
Marcus & Millichap, The Rhoades Group. License OR 201204200