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Central Lofts

7373 N Philadelphia Avenue, Portland, Oregon 97203

$7,400,000

Status:
Available
County:
Multnomah
Units:
30
Year Built:
2022
Unit Price:
$217,647
Land Size:
0.15 Acres
Building Size:
20,791 sq. ft.
Price per SF:
$276
CAP Rate:
4.29%
Unit Mix:

Six (6) studio apartments, twenty-four (24) one-bedroom, one-bathroom apartments.

Floors:
1 & 2
View:
Yes
WD in unit:
Yes
Siding:
Fiber Cement
Roof Type:
Flat
Heat Type:
Electric
Property Photo

Central Lofts is a brand-new, 30-unit apartment community located in the heart of Portland’s St. Johns neighborhood. The property was built in 2022 and features studio and one-bedroom units with high-end finishes, floor-to-ceiling windows, and in-unit AC and washers and dryers. Central Lofts is one of the first buildings in Portland permitted for cross-laminated timber construction, which was chosen as an ode to the city’s connection to forests and the timber industry. 

The property is adjacent to a park plaza in the center of downtown St. Johns, with numerous restaurants, retail, and entertainment options only steps away. The property is just blocks from Cathedral Park, and offers picturesque views of the iconic St. Johns Bridge and Forest Park. 

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30
Units
2022
Year Built
20,791
SQ. FT.

Property Location