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Listed by ELEETE Real Estate

$1,450,000

Est. payment - /mo

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7,684 SqFt

Price Dropped by $99K

8503 SE INSLEY ST Portland, OR 97266

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Tommy Jedrzejczyk

tommy@tltre.com +1(503) 506-4646

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 7,684 sqft

Price per Sqft $188

MLS Listing ID 435583336

Year Built 1971

Annual Tax Amount $16,467

Tax Year 2024

Lot Size 0.520 Acres

Property Description

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.

Location

State OR

County Multnomah

Community Alllandscaping, Commons, Laundry

Area _143

Zoning R2A

Rooms

Basement Crawl Space

Interior

Heating Wall Heater

Cooling Window Unit

Exterior

Community Features AllLandscaping, Commons, Laundry

Roof Type Composition

Garage No

Building

Lot Description Commons, Level

Story 2

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public Water

Level or Stories 2

Schools

Elementary Schools Marysville

Middle Schools Kellogg

High Schools Franklin

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Regional Multiple Listing Service (RMLS)

NEARBY SCHOOL & BUSINESS

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