RCR Ainsworth – Ainsworth Apartments

The Ainsworth Apartments are located at the corner of N. Ainsworth Street and N. Michigan Avenue in Portland, OR. The twelve units were developed as a multifamily project with a condominium filing allowing for future sales of individual units. Each of these units includes a separately accessed suite for use as a short-term rental.

Romano Development acquired and developed the land as an infill multifamily project. The property is operating as a multifamily rental project but has been positioned for eventual sale to either investors or individual homeowners. The twelve three story condominiums were designed with finishes that resemble the era in which the neighborhood was built in the 1940’s.

Estimated Finished Value: $8,000,000

Status: Completed in 2018

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find investment opportunities in Vancouver and Portland

Speak with us for an informed, intelligent conversation about local real estate development investing.