• LEX on Portland - 536 E Portland St, Phoenix, AZ 85004

For Sale

Multi-Family

For Sale

This property is available for sale
0.64
Acres
$3,600,000
Sale Price
  • Construction Status
    Under Construction
  • Year Built
    2017
  • Total Building Size
    98,182 RSF
  • Overview

    LEX on Portland, is a RE-DEVELOPMENT OPPORTUNITY located at the corner of 7th Street and Portland within the Artisan Arts District of downtown Phoenix. Designed by Humphreys and Partners Architects LEX on Portland is a highly efficient and modern 103 unit Luxury Complex with all the amenities (see financials labeled New Construction Stabilized). There is an existing 32 Unit complex on the site called Lexington Apartments (see financials labeled Existing 32 Unit Complex). When you live at LEX on Portland, youre in the heart of downtown Phoenix, so youll enjoy urban living at its finest. Take a walk to various eateries including Carlys Bistro, Scratch, Songbird Coffee & Tea House and many more. Art is all around you when you live at LEX on Portland. Were located on the strip of the largest art walk in the state of Arizona and within walking distance of the Heard Museum for Native American Art and History as well as the Phoenix Art Museum. Want to get away for the day? Catch the Light Rail, located just 3 blocks from our community, and head to Mill Avenue in Tempe where youll discover more restaurants, entertainment venues, shops, boutiques and art studios. Choose from a one or two bedroom urban dwelling and enjoy luxurious finishes and amenities. Relieve some stress at the 24-hour modern fitness center or cool off and enjoy the views in the resort style rooftop swimming pool. Hang out with friends at the outdoor grilling area or in the game room. Conveniently located to the well acclaimed schools and academic facilities in the city. LEX on Portland offers everything you want and need!

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Property Details

LEX on Portland, is a RE-DEVELOPMENT OPPORTUNITY located at the corner of 7th Street and Portland within the Artisan Arts District of downtown Phoenix. Designed by Humphreys and Partners Architects LEX on Portland is a highly efficient and modern 103 unit Luxury Complex with all the amenities (see financials labeled New Construction Stabilized). There is an existing 32 Unit complex on the site called Lexington Apartments (see financials labeled Existing 32 Unit Complex). When you live at LEX on Portland, youre in the heart of downtown Phoenix, so youll enjoy urban living at its finest. Take a walk to various eateries including Carlys Bistro, Scratch, Songbird Coffee & Tea House and many more. Art is all around you when you live at LEX on Portland. Were located on the strip of the largest art walk in the state of Arizona and within walking distance of the Heard Museum for Native American Art and History as well as the Phoenix Art Museum. Want to get away for the day? Catch the Light Rail, located just 3 blocks from our community, and head to Mill Avenue in Tempe where youll discover more restaurants, entertainment venues, shops, boutiques and art studios. Choose from a one or two bedroom urban dwelling and enjoy luxurious finishes and amenities. Relieve some stress at the 24-hour modern fitness center or cool off and enjoy the views in the resort style rooftop swimming pool. Hang out with friends at the outdoor grilling area or in the game room. Conveniently located to the well acclaimed schools and academic facilities in the city. LEX on Portland offers everything you want and need!

  • Property Type
    Multi-Family
  • Submarket
  • Construction Status
    Under Construction
  • Year Built
    2017
  • Sale Price
    $3,600,000
  • Total Building Size
    98,182RSF
  • Total Acres
    0.64
  • Cap Rate
    7.0%
  • Number of Floors
    7
  • Property ID
    1386010