$1,550,000

8503 SE Insley St Unit 8521 Portland, OR 97266

Lents Neighborhood

Estimated payment $9,859/month

Total Views 478
16 Beds
9 Baths
7,684 Sq Ft
$202 Price per Sq Ft

Highlights

  • 0.52 Acre Lot
  • Laundry Facilities
  • Lap Siding
  • Window Unit Cooling System
  • Level Lot
  • No Heating

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.

Listing Agent

Christopher Kuehl

ELEETE Real Estate License #931200095 Listed on: 08/06/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,467

Year Built

  • Built in 1971

Lot Details

  • 0.52 Acre Lot
  • Level Lot

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Lap Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 7,684 Sq Ft Home
  • 2-Story Property
  • Crawl Space
  • Security Lights

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 9 Bathrooms

Parking

  • 9 Parking Spaces
  • Driveway
  • Paved Parking

Schools

  • Marysville Elementary School
  • Kellogg Middle School
  • Franklin High School

Utilities

  • Window Unit Cooling System
  • No Heating

Listing and Financial Details

  • Assessor Parcel Number R167829

Community Details

Overview

  • 9 Units

Amenities

  • Common Area
  • Laundry Facilities

Building Details

  • Operating Expense $43,000
  • Gross Income $134,600
  • Net Operating Income $91,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,467

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Standard Status: Active
  • MLS Status: Active
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 1971
  • Property Condition: Unknown
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: CrawlSpace
  • Total Bedrooms: 16
  • Lot Size Range: SqFt20000toAcres1

Exterior Features

  • Exterior Description: Brick,LapSiding
  • Lot Size: 20,000 SqFt to .99 Acres
  • Foundation Details: ConcretePerimeter
  • View: No
  • Lot Features: Commons, Level
  • Road Surface Type: Paved
  • Roof: Composition

Garage/Parking

  • Parking Description: Driveway, Paved
  • Attached Garage: No
  • Total Parking Spaces: 9.0

Utilities

  • Fuel Description: Electricity
  • Security: SecurityLights
  • Cooling: WindowUnit
  • Cooling Y N: Yes
  • Heating: WallHeater
  • Heating Yn: No
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Community Features: AllLandscaping, Commons, Laundry

Schools

  • Elementary School: Marysville
  • High School: Franklin
  • Middle Or Junior School: Kellogg

Lot Info

  • Zoning: R2A
  • Lot Size Acres: 0.52
  • Lot Size Sq Ft: 22651.0
  • Parcel #: R167829

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2024
  • Tax Annual Amount: 16467.12

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4, UnitTypeType5, UnitTypeType6, UnitTypeType7, UnitTypeType8, UnitTypeType9
  • Number Of Units Total: 9
  • Gross Rent Multiplier: 11.52
  • Annual Gross Income: 134600.0
  • Property Net Operating Income: 91600.0
  • Annual Operating Expense: 43000.0

Map

Range of Values:

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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 Change Sq Ft Price
08/06/2025 08/06/25 For Sale $1,550,000 -- $202 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

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Source: Regional Multiple Listing Service (RMLS)

MLS Number: 435583336

Regional Multiple Listing Service (RMLS)

APN: 1S2E16BC 07900