8503 SE INSLEY ST

Portland, OR 97266
Square Ft.
7,684
$1,550,000
Prime investment opportunity!!! Fully rented 9-plex in thriving area with development potential. This fully rented 9-plex apartment building presents a compelling investment opportunity, boasting a desirable location in an up-and-coming area with strong rental demand. Exceptional location situated within a thriving economic corridor, the property offers easy access to shopping,Read MoreRead Less
Listing courtesy of ELEETE Real Estate.
Listing Snapshot
Days Online
60
Last Updated
Square Ft.
7,684
Lot Size
0.52 Acres
Year Built
1971
MLS Number
435583336
30 Days Snapshot Of 97266
$428k
+4%
(avg) sold price
26
0%
homes sold
55
+61%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Road Surface Type: Paved
Basement
Basement: CrawlSpace
Building
Building Area Total: 7684, Built in 1971, Stories: 2, Unit Type Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4, UnitTypeType5, UnitTypeType6, UnitTypeType7, UnitTypeType8, UnitTypeType9
Community
Community Features: AllLandscaping, Commons, Laundry
Cooling
Cooling: WindowUnit
Expenses
Operating Expense: $43,000
Exterior Features
Exterior Description: Brick, LapSiding
Foundation
Foundation Details: ConcretePerimeter
Heating
Heating: WallHeater
Income
CAP Rate: 5.91, Gross Income: $134,600, Gross Rent Multiplier: 11.52, Net Operating Income: $91,600
Lot
Features: Commons, Level, Size Acres: 0.52, Size Range: SqFt20000toAcres1, Size Square Feet: 22,651, Size: 20,000 SqFt to .99 Acres
Miscellaneous
Investor Information: AccordingToOwner
Parking
Features: Driveway, Paved, 9 total parking spots
Property
Number Of Units Total: 9, Property Condition: Unknown, Zoning: R2A
Roof
Roof: Composition
Security Features
Features: SecurityLights
Sewer
Sewer: PublicSewer
Taxes
Annual Amount: $16,467, Legal Description, Tax Year: 2024
Unit One
Actual Rent: $1,500, Area: 800, Features: Range, Refrigerator, Units Total: 1, 1 total bathroom, 2 total bedroom
Unit Two
Actual Rent: $950, Area: 800, Features: Range, Refrigerator, Units Total: 1, 1 total bathroom, 2 total bedroom
Unit Three
Actual Rent: $1,500, Area: 800, Features: Range, Refrigerator, Units Total: 1, 1 total bathroom, 2 total bedroom
Unit Four
Actual Rent: $1,180, Area: 800, Features: Range, Refrigerator, Units Total: 1, 1 total bathroom, 2 total bedroom
Unit Five
Actual Rent: $850, Area: 600, Features: Range, Refrigerator, Units Total: 1, 1 total bathroom, 1 total bedroom
Unit Six
Actual Rent: $975, Area: 600, Features: Range, Refrigerator, Units Total: 1, 1 total bathroom, 1 total bedroom
Unit Seven
Actual Rent: $1,500, Area: 800, Features: Range, Refrigerator, Units Total: 1, 1 total bathroom, 2 total bedroom
Unit Eight
Actual Rent: $1,145, Area: 800, Features: Range, Refrigerator, Units Total: 1, 1 total bathroom, 2 total bedroom
Unit Nine
Actual Rent: $1,200, Area: 800, Features: Range, Refrigerator, Units Total: 1, 1 total bathroom, 2 total bedroom
Utilities
Fuel Description: Electricity, Water Source: PublicWater
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Erika George and Kari McGee
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This content last updated on . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
This content last updated on . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.