NOT LISTED FOR SALE

1616 SE Insley St Portland, OR 97202

Sellwood Neighborhood
15 Beds
10 Baths
7,554 Sq Ft
2019 Built

Last Sold December 17, 2019

Last sale price $3,050,000 $404 Per Sq Ft

59 Days on Market

Highlights

  • New Construction
  • View of Trees or Woods
  • Level Lot
  • Llewellyn Elementary School Rated A-
  • Forced Air Heating System

About This Home

As of December 2019

Beautiful new construction modern 12 unit apartment complex from quality local builder with 1bed, & 2bed units. Newly completed & leased with great rents! Featuring open floor plans, tall ceilings, SS appliances, W/D in units, indoor bike storage, private lobby, and more! Situated in an amazing location right near transit, shopping, eateries, parks, schools, and freeway access!

Last Agent to Sell the Property

Darryl Bodle

Keller Williams Realty Portland Premiere License #199910100 Listed on: 09/24/2019

Keller Williams Realty Portland Premiere

Co-Listed By

Slavik Dezhnyuk

Keller Williams Realty Portland Premiere License #201226892

Last Buyer's Agent

Patti Shmilenko

Premiere Property Group, LLC License #990100012

Premiere Property Group, LLC

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2019 | New Construction

Lot Details

  • Level Lot

Interior Spaces

  • 7,554 Sq Ft Home
  • 3-Story Property
  • Views of Woods

Schools

  • Llewellyn Elementary School
  • Sellwood Middle School
  • Cleveland High School

Utilities

  • No Cooling
  • Forced Air Heating System

Listing and Financial Details

  • Rent includes water
  • Assessor Parcel Number R104742

Community Details

Overview

  • 12 Units
  • Sellwood Moreland Subdivision

Building Details

  • Operating Expense $47,449
  • Gross Income $219,480
  • Net Operating Income $172,486

Property Details

Home Type

Multi-Family

Year Built

Built in 2019 | New Construction

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 3
  • Year Built: 2019
  • Property Condition: NewConstruction
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Lot Size Range: SqFt5000to6999

Exterior Features

  • Lot Size: 5,000 to 6,999 SqFt
  • View: Yes
  • Lot Features: Level
  • Disclosures: Exempt
  • View: TreesWoods

Garage/Parking

  • Attached Garage: No

Utilities

  • Fuel Description: Electricity
  • Cooling Y N: No
  • Heating: ForcedAir
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Schools

  • Elementary School: Llewellyn
  • High School: Cleveland
  • Middle Or Junior School: Sellwood

Lot Info

  • Zoning: R1
  • Parcel #: R104742

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2018

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType10, UnitTypeType2, UnitTypeType3, UnitTypeType4, UnitTypeType5, UnitTypeType6, UnitTypeType7, UnitTypeType8, UnitTypeType9
  • Number Of Units Total: 12
  • Gross Rent Multiplier: 13.67
  • Annual Gross Income: 219480.0
  • Property Net Operating Income: 172486.0
  • Annual Operating Expense: 47449.0

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/17/2019 12/17/19 Sold $3,050,000 +1.7% $404 / Sq Ft
11/21/2019 11/21/19 Pending -- -- --
09/23/2019 09/23/19 For Sale $2,999,900 -- $397 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Darryl Bodle

    Seller's Agent in 2019

    Darryl Bodle

    Keller Williams Realty Portland Premiere

    (503) 709-4632

    37 in this area

    1,691 Total Sales

    Darryl Bodle
    Section Image
  • Slavik Dezhnyuk

    Seller Co-Listing Agent in 2019

    Slavik Dezhnyuk

    Keller Williams Realty Portland Premiere

    (503) 209-7561

    6 Total Sales

    Slavik Dezhnyuk
    Section Image
  • Patti Shmilenko

    Buyer's Agent in 2019

    Patti Shmilenko

    Premiere Property Group, LLC

    (503) 702-9807

    4 in this area

    54 Total Sales

    Patti Shmilenko
    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 19543482

Regional Multiple Listing Service (RMLS)

APN: R104742

Oregon Multnomah County Portland 97202 Sellwood

1616 SE Insley St, Portland, OR

This home is located at 1616 SE Insley St, Portland, OR 97202 since 24 September 2019. This property was built in 2019. 1616 SE Insley St is a home located in Multnomah County with nearby schools including Llewellyn Elementary School, Sellwood Middle School, and Cleveland High School.

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