With its two five-story midrise buildings and a one-story retail building, Oliver Station marks the first major mixed-use development in southeast Portland’s Lents Town Center area. Together with a slate of new developments including Lents Commons, the Woody Guthrie, and the Asian Health Services Center, Oliver Station is helping to create a vibrant, active center in the Lents neighborhood.
Of the building’s one- and two-bedroom apartments, 125 are designated affordable up to 60% AMI, including six units set aside for households earning up to 30% AMI. Property amenities include a community room, a computer room, bike storage, a fitness center, a courtyard, a rooftop terrace in the West Block, a rooftop plaza on the East Block, central laundry rooms, parking, and electric vehicle charging stations. The development includes 29,000 square feet of ground floor commercial space and is located near Lents Park, the I-205 Multi-Use Path, the MAX Green Line station, and three TriMet bus lines, among other Lents Town Center amenities.
For questions about unit availability and leasing:
Building Profile
| Project Type | New Construction |
|---|---|
| Location | Lents |
| Regulated Units | 125 |
| PSH Units | 6 |
| Total Units | 145 |
| Status | Completed |
| Bedroom Size | Units |
|---|---|
| Studio | - |
| 1-Bedroom | 48 |
| 2-Bedroom | 78 |
| 3-Bedroom | - |
| Affordability | Units |
|---|---|
| 30% AMI | 6 |
| 40% AMI | - |
| 50% AMI | - |
| 60% AMI | 119 |
| 80% AMI | - |
| Unrestricted manager's unit | 1 |
| Market rate | 19 |
AMI = Area Median Income
Estimated Development Cost
| Total | $55,539,135 |
|---|---|
| Portland Housing Bureau | $13,262,131 |
Development Team
- Palindrome Communities, Sponsor / Developer
- Ankrom Moisan Architects, Architect
- Urban Edge Builders Inc., General Contractor