Log In/Sign Up
Your email has been sent.
Green Seed Apartments 16111 E Burnside St 32 Unit Apartment Building $4,200,000 ($131,250/Unit) 6.56% Cap Rate Portland, OR 97233
Investment Highlights
- Completed in 2021, the property benefits from modern construction standards, and has a low risk of deferred maintenance.
- Located directly on a light rail stop, the asset has great public transit access and close proximity to major thoroughfares.
- Through leasing two ground-floor commercial spaces and/or daylight basement you can improve your annual scheduled revenue.
- The property features solar panels, thermal heating systems, and water-saving appliances that minimize both operating costs and environmental impact.
- The property is fully leased and designed as workforce housing, a highdemand segment that supports long-term stability.
- Through implementing charges to laundry machines, Wi-Fi service, and individual tenant storage units you can further increase your potential income.
Executive Summary
Green Seed is a recently constructed and fully occupied 32-unit, carbon-neutral multifamily community featuring a compelling value-add opportunity in a highly desirable, transit-oriented location.
Property Facts
| Price | $4,200,000 | Apartment Style | Low-Rise |
| Price Per Unit | $131,250 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.51 AC |
| Cap Rate | 6.56% | Building Size | 25,000 SF |
| Gross Rent Multiplier | 8.63 | No. Stories | 3 |
| No. Units | 32 | Year Built | 2022 |
| Property Type | Multifamily | Parking Ratio | 0.64/1,000 SF |
| Property Subtype | Apartment |
| Price | $4,200,000 |
| Price Per Unit | $131,250 |
| Sale Type | Investment |
| Cap Rate | 6.56% |
| Gross Rent Multiplier | 8.63 |
| No. Units | 32 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.51 AC |
| Building Size | 25,000 SF |
| No. Stories | 3 |
| Year Built | 2022 |
| Parking Ratio | 0.64/1,000 SF |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Microwave
- Heating
- Ceiling Fans
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Deck
- Garden
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Gated
- Storage Space
- Bicycle Storage
- Car Charging Station
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 31 | $1,313 | 313 - 511 |
1 1
Bike Score®
Very Bikeable (87)
Property Taxes
| Parcel Number | R217908 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $3,133,040 |
Property Taxes
Parcel Number
R217908
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$3,133,040
1 of 23
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Green Seed Apartments | 16111 E Burnside St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.