x
Showing 1 of 0
X
Save

8615-8623 SE Insley St
Portland OR 97266 US

$1,100,000

Active Listing ID 11337518
lot icon
Lot: 0.47 Acres
home icon
Other

$1,100,000

Active Listing ID 11337518
Save

8615-8623 SE Insley St The Insley Street Apartments is a unique opportunity to acquire a value add 8 unit apartment community in the up and coming neighborhood of Lents in Southeast Portland. The community is comprised of single level, duplex style units, with large 2br/1ba floor plans featuring functional living spaces and WD hook ups in each unit. The buildings and unit floor plans are all consistent, allowing for a streamlined and efficient value add process for an investor during the renovations post-closing. Lents has experienced significant changes over the years, including significant community improvements and development, bolstering the neighborhood demand in recent years. The in-place rent average as of August 2024 at the community ($1, 386) trails the market by approximately $200, allowing for realistic and attainable upside for a buyer to capture in the near term. Rare opportunity to acquire a value-add complex in central SE Portland.

Collapse all

Property Features

  • Facts
  • Lot Size: 0.47 Acres
  • Property Type: Residential Multi Family
  • Property Sub-type: Other

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Other
  • listprice: 1100000
  • unparsedaddress: 8615-8623 SE Insley St
  • postalcity: Portland
  • stateorprovince: OR
  • country: US
  • postalcode: 97266
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.47
  • lotsizeunits: Acres
  • lotsizearea: 0.47
  • livingarea: 0
  • livingareaunits: Square Feet
  • latitude: 45.483819
  • longitude: -122.574581
  • listagentfullname: Phillip Barry
  • listagentemail: pbarry@josephbernard.net
  • listagentkey: 3yd-NYSMLS-197314
  • listagentmlsid: 197314
  • listagentpreferredphone: 5035469390
  • listagentofficephone: 5035469390
  • listofficekey: 3yd-NYSMLS-22853
  • listofficemlsid: 22853
  • disclaimer: Copyright © 2024 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: NYSMLS
  • yearbuilt: 1973
  • yearbuilteffective: 1973
  • listingcontractdate: 2024-08-29
  • parcelnumber: R167832, R167833
  • numberofunitstotal: 0
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 0
  • parkingtotal: 0
  • parkingfeatures: Garage
  • waterfrontyn: False
  • architecturalstyle: Other
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -122.57458, 45.483818
  • customfields: {"AlternatePrices":[], "BrokerName":"Joseph Bernard Investment Real Estate", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"pbarry@josephbernard.net", "ListBrokerageCity":"Lake Oswego", "ListBrokerageCountry":"US", "ListBrokerageEmail":null, "ListBrokerageLogoUrl":null, "ListBrokerageName":"Joseph Bernard Investment Real Estate", "ListBrokeragePhone":"503-546-9390", "ListBrokeragePostalCode":null, "ListBrokerageStateOrProvince":"OR", "ListBrokerageUnitNumber":"Suite 400", "ListBrokerageUnparsedAddress":"5 Centerpointe Dr", "ListBrokerageWebsiteUrl":null, "ListOfficeAddress1":"5 Centerpointe Dr", "ListOfficeAddress2":"Suite 400", "ListOfficeBrokerMlsId":null, "ListOfficeCity":"Lake Oswego", "ListOfficeCountry":"US", "ListOfficeEmail":null, "ListOfficePostalCode":"97035", "ListOfficeStateOrProvince":"OR", "ListPriceCurrencyType":"USD", "ListingTitle":"Multi-Unit (5+) - Portland, OR", "ListingURL":"https://listings.listhub.net/pages/NYSMLS/11337518/?channel=rexren", "MLSModificationTimestamp":"2024-08-30T00:22:46Z", "Neighborhoods":[{"Description":null, "Name":"Lents"}], "PostalCode":null, "RoomCount":0, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":0, "TaxDescription":null, "TaxYear":null}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 9/23/2024 10:11:30 AM GMT
Source Updated Date: 11/21/2024 7:02:54 AM GMT

Courtesy of: Phillip Barry, Joseph Bernard Investment Real Estate, pbarry@josephbernard.net

Copyright © 2024 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.