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16111 E Burnside St
Portland, OR 97233 Glenfair

$4,200,000 USD

Apartments For Sale • 25,000 SF

Property Details

Property Type Apartments
Total Building Size 25,000 SF
Lot Size 0.51 AC
Building Class B
Year Built 2022
Cap Rate 6.56 %

80 Transit Score

60 Walk Score

                
                    Highlights
                
                                Completed in 2021, the property benefits from modern construction standards, and has a low risk of deferred maintenance.
                            
                                The property features solar panels, thermal heating systems, and water-saving appliances that minimize both operating costs and environmental impact.
                            
                                Located directly on a light rail stop, the asset has great public transit access and close proximity to major thoroughfares.
                            
                                The property is fully leased and designed as workforce housing, a highdemand segment that supports long-term stability.
                            
                                Through leasing two ground-floor commercial spaces and/or daylight basement you can improve your annual scheduled revenue.
                            
                                Through implementing charges to laundry machines, Wi-Fi service, and individual tenant storage units you can further increase your potential income.

Property Flyers

Green Seed Apartments_OM

Cap Rate:

6.56 %

Amenities

24 Hour Access
Air Conditioning
Dishwasher
Laundry Facilities
Microwave
Gated
Heating
Ceiling Fans
Kitchen
Refrigerator
Oven
Range
Tub/Shower
Storage Space
Bicycle Storage
Car Charging Station
Deck
Garden

Public Transportation

Transit/Subway	Drive	Walk	Distance
E 162nd (MAX Blue Line - Tri-County Metropolitan Transportation District of Oregon Rail (TriMet Rail))	2 min	1 min	0.1 mi
E 172nd (MAX Blue Line - Tri-County Metropolitan Transportation District of Oregon Rail (TriMet Rail))	4 min	11 min	0.6 mi
E 148th (MAX Blue Line - Tri-County Metropolitan Transportation District of Oregon Rail (TriMet Rail))	2 min	13 min	0.7 mi
E 181st (MAX Blue Line - Tri-County Metropolitan Transportation District of Oregon Rail (TriMet Rail))	4 min	19 min	1.0 mi
Airport	Drive	Walk	Distance
Portland International	18 min	-	8.1 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	16
Type:	Surface
Included in Rent:	Yes

Jordan Carter 503-720-8147 Kidder Mathews

16111 E Burnside St Portland, OR 97233 Glenfair