8615-8623 Insley St Portland, OR 97266
- Mixed-use properties
- 0.47 lot acres
Current Use by Public Records
- Mixed-use properties
Property Details for 8615-8623 Insley St
- Lot size
- 0.47 lot acres
- Property type
- Mixed-use properties
Description
This exceptional mixed-use property, located at 8615-8623 SE Insley St, Portland, OR 97266, presents a compelling investment opportunity. Situated on a 0.47-acre lot, this eight-unit apartment community offers a unique chance to capitalize on the burgeoning Lents neighborhood in Southeast Portland. The property comprises single-level, duplex-style units, each featuring spacious two-bedroom, one-bathroom floor plans. All units include convenient washer/dryer hookups and consistent floor plans, streamlining any future renovations. The consistent design across the buildings simplifies potential value-add improvements post-acquisition. The Lents neighborhood has undergone significant revitalization and development in recent years, driving increased demand for rental properties. Currently, the average rent is $1,386 per unit (as of August 2024), which is approximately $200 below market rates. This presents a clear opportunity for a buyer to increase rental income and achieve a strong return on investment. The asking price for this rare value-add complex in central Southeast Portland is $1,100,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Portland
- County
- 41051
- State
- Oregon
- Longitude
- -122.575
- Latitude
- 45.4838
