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$6,400,000 -$300,000 (-4.48%) Price Reduced

  • For Sale
  • Active
  • Multi-Family
  • Updated 1 day ago
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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.

Full Property Details for 3485 SW 87th Ave

General

  • Price: $6,400,000
  • Taxes: $12,958 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: RWMLS
  • MLS ID: 149828715
  • Updated: 6/8/2026
  • Added to Site: 29 day(s) ago

Rental Information

  • Rent Includes: Sewer, Trash Collection, Water

Parking

  • Garage: Yes
  • Parking Features: Off Street, Paved

Location

  • County: Washington
  • Driving Directions: Canyon Road, S on SW 87th to property

School Information

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

Community

  • Community Name: 148 - Portland NW/ SW/ S, Raleigh Hills

Heating & Cooling

  • Heating Type: Wall Heater
  • Heating Fuel: Electricity

Utilities

  • Sewer: Public Sewer
  • Water: Public Water

Structural Information

  • Property Detached: Yes
  • Roof: Composition, Membrane, Metal
  • Stories/Levels: 2
  • Square Feet: 25,150
  • Year Built: 1969

Lot Features

  • Lot Size (Acres): 0.98
  • Lot Size (Sq. Ft.): 42,688
  • Lot Size: 20, 000 SqFt to .99 Acres
  • Frontage: Paved
  • Lot Features: Level

Financial Considerations

  • Operating Expenses: $180,511
  • Tax Amount: $12,958.85
  • Tax Year: 2025
  • Terms: Cash, Conventional

Disclosures and Reports

  • Legal Description: ACRES 0.98
  • Property ID: R77650, R77632

Listed by Pounder Realty LLC (503) 680-4638, Grayson Pounder (503) 680-4638

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Listing agent

— 3485 SW 87th Ave —

  • Grayson Pounder

    Pounder Realty LLC

    503-680-4638

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Be ready to buy your new home!

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NMLS#: 1598647

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Find the right home insurance for your new home!

with our affiliated in-house agency

Request a Quote

Save up to an additional 20% by bundling your home and auto together!

Price & Sales History for 3485 SW 87th Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
6/08/2026
Price Reduced
$6,400,000
-4.48%
MLS
5/12/2026
Listed
$6,700,000
235%
MLS
8/09/2007
Sold
$2,000,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 3485 SW 87th Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$12,959
—
$706,310
3%
2025
$12,959
4%
$685,740
3%
2024
$12,418
6%
$665,770
3%
2023
$11,661
7%
$646,380
6%
2021
$10,877
-4%
$609,290
-3%
2022
$11,283
4%
$627,560
6%
2021
$10,877
7%
$591,550
3%
2019
$10,205
3%
$574,330
3%
2018
$9,871
4%
$557,610
3%
2017
$9,516
4%
$541,370
3%
2016
$9,176
4%
$525,610
3%
2015
$8,822
2%
$510,310
3%
2014
$8,645
2%
$495,450
3%
2013
$8,487
—
$481,020
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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with our affiliated lender
NMLS#: 1598647

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Listed by Pounder Realty LLC (503) 680-4638, Grayson Pounder (503) 680-4638

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3485 SW 87th Ave, Portland, OR 97225 (MLS# 149828715) is a Multi-Family property with 36 units containing 0 bedrooms and 0 full bathrooms. 3485 SW 87th Ave is currently listed for $6,400,000 and was received on May 12, 2026. Want to learn more about 3485 SW 87th Ave? Do you have questions about finding other Multi-Family real estate for sale in Portland? You can browse all Portland real estate or contact a Coldwell Banker agent to request more information.

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