Vista Hills Apartments
3560 SW Vista Dr, Portland, OR 97225
25 units in Washington County, Oregon
$3,585,000
Constructed in 1964, Vista Hills features an attractive unit mix of eight one-bedroom units, thirteen two-bedroom units, and four three-bedroom units. Seventeen of the property's twenty-five units (68%) are two-bedroom or three-bedroom floor plans, providing housing options that remain increasingly difficult to develop and highly attractive to long-term residents.
Vista Hills Apartments is a 25-unit multifamily community located in the highly desirable Vista Hills neighborhood of Southwest Portland, within unincorporated Washington County. Situated on a 1.03-acre site at 3560 SW Vista Drive, the property offers convenient access to Downtown Portland, Beaverton, Highway 26, and the major employment centers of the Sunset Corridor. The surrounding area benefits from strong household incomes, quality schools, established residential neighborhoods, and limited multifamily inventory, supporting long-term renter demand.
Property Highlights
Operational Upside
24 Newly constructed & secure storage lockers, not currently being rented out yet
Dedicated Maintenance / Shop Area
Approximately 1,000 SF Basement Storage & Utility Area
In-Unit Washer/Dryers in Most 2BR Units and All 3BR Units
Ample Off-Street Parking
Professionally Managed
Majority 2BR and 3BR Floor Plans
Location Overview
Less than 10 Minutes to Downtown Portland
Immediate Access to Highway 26
Minutes from Washington Park and the Oregon Zoo
Close Proximity to Nike, Intel, Providence, OHSU, and Downtown Portland Employment Centers
Nearby Shopping and Dining in Cedar Hills, Raleigh Hills, and Beaverton
Strong Household Incomes and Established Residential Surroundings
Located within One of Portland's Most Desirable Westside Residential Submarkets
Residents benefit from a variety of desirable amenities, including in-unit washer/dryers in nearly all two-bedroom units and all three-bedroom units, dedicated tenant storage lockers, a maintenance/shop area, ample off-street parking, and approximately 1,000 square feet of basement storage and utility space. The property has been professionally operated and offers investors a clear path to future income growth through continued lease-up, rent optimization, and the implementation of a utility reimbursement program (RUBS), which is not currently in place.
At the asking price of $3,585,000, Vista Hills Apartments offers investors the opportunity to acquire a well-located westside Portland apartment community with strong in-place cash flow, significant family-oriented housing appeal, operational upside, and long-term appreciation potential within one of the metro area's most established residential neighborhoods.
