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8503 SE Insley St, Portland, OR, 97266

16beds
9baths
7,684sqft
$1,450,000
$189price/sqft
$9,625/moest. monthly cost
$385,000/yrincome needed

About This Home

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, transit, and amenities, appealing to a wide range of renters. The area demonstrates high demand for rental properties, potentially including neighborhoods like Montavilla and Foster-Powell, known for their urban renewal and community appeal. The charming well-maintained building itself features common outdoor area, coin op laundry and ample parking. All situated on a level 0.52 acre lot that offers potential for additional units or future development, providing a valuable long-term asset.

Getting Around

83
WalkingVery Walkable
58
TransitGood Transit
94
BikeBiker's Paradise

Schools

4/10
5/10
Kellogg Middle SchoolGrades 6-81.3 mi
6/10
Franklin High SchoolGrades 9-122.0 mi

Construction

Condition

  • Property condition: Unknown
  • Year built: 1971

Materials

  • Foundation: Concrete Perimeter
  • Roof: Composition
  • Construction materials: Brick,Lap Siding

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Appliances

  • Appliances included: Range,Refrigerator
  • Laundry features: Common Area

Basement

  • Basement: Crawl Space

Bedrooms & Bathrooms

  • Bedrooms: 16
  • Bathrooms: 9
  • Full bathrooms: 9

Cooling

  • Cooling features: Window Unit(s)

Interior Area

  • Total structure area: 7,684
  • Total interior livable area: 7,684 sqft

Property

Details

  • Parcel number: R167829
  • Zoning: R2A

Features

  • Stories: 2

Lot

  • Lot size: 0.52 Acres
  • Features: Commons,Level,SqFt 20000 to Acres1

Parking

  • Total spaces: 9
  • Parking features: Driveway,Paved
  • Has uncovered spaces: Yes