16111 E Burnside St - Apartments FOR SALE


Portland, OR 97233- Glenfair
$5,999,900 USD
503-314-0527
16111 E Burnside St, Portland, OR for Sale
$5,999,900 USD
Apartments - FOR SALE
1/13
null | 4.92% Cap Rate

16111 E Burnside St
Portland, OR 97233
Glenfair


HIGHLIGHTS

  • The only Carbon Neutral apartment complex in the region
  • Generous common areas to encourage resident interaction
  • Individual locking storage spaces
  • Rainwater Harvesting System
  • Geothermal Heating and Cooling & Solar Power generation
  • High efficiency construction methods

OVERVIEW

Green Seed is a 31-unit apartment complex that was built in 2022. It is the only carbon-neutral apartment complex in the Pacific Northwest. The apartments are designed to be energy-efficient, with features such as solar panels and water-saving appliances. Apartments range in size from 313 square feet to 511 square feet including studio and one bedroom apartments. The apartments are highly energy efficient and are focused on affordability, community building, and offer desperately needed workforce housing adjacent to a Max light rail station. The property has a number of amenities, including a rainwater harvesting system, community raised bed gardening area, onsite parking, two ground floor commercial spaces, and a 1,741 square foot space in the daylight basement that could be office, treatment counseling, or shelter space that could serve residents and the greater community. In addition, there is also a community room that can be used for resident events and gatherings.

FOR SALE DETAILS

PRICE

$5,999,900 USD

PRICE/SF

$240 USD /SF

# OF UNITS

31

PRICE/UNIT

$193,545

CAP RATE

4.92%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Green Seed Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2021

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.51 AC

LAND SF

22,167 SF

ZONING

NC

APN/PARCEL ID

R217908

ASK ABOUT THIS PROPERTY

Skip RotticciMacadam Forbes, Inc.More Info
503-314-0527

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Skip RotticciMacadam Forbes, Inc.More Info
503-314-0527

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.