1515 North Simpson Street

Portland, OR 97217

$4,250,000
Last Sold Price
Beds
11,491 Sq. Ft.
$370 / Sq. Ft.
11,491
Sq. Ft.
$370
per Sq. Ft.

Description

Exquisite modern, new construction 20-unit apt complex from a quality local builder with a mix of great preforming studio +1 bed units including a 910 sf Retail Space. Fully leased, stabilized + ready for you to bolster your investment portfolio! Expertly crafted units featuring expansive ceilings + open concept floor plan bringing an abundance of natural light with designer finishes + colors with coveted balconies! Sleek custom cabinetry, desirable stainless-steel appliances, full size in-unit W/D...Exquisite modern, new construction 20-unit apt complex from a quality local builder with a mix of great preforming studio +1 bed units including a 910 sf Retail Space. Fully leased, stabilized + ready for you to bolster your investment portfolio! Expertly crafted units featuring expansive ceilings + open concept floor plan bringing an abundance of natural light with designer finishes + colors with coveted balconies! Sleek custom cabinetry, desirable stainless-steel appliances, full size in-unit W/D + bike rack round out a few quality amenities! Remarkable proximity to N PDXs sought after and vibrant restaurants, shops, parks, public transit + freeway! Scoring a phenomenal 100Bikescore the proximity can't be beat!
  1. Listed by Darryl Bodle • Keller Williams Realty Portland Premiere
  2. Listed by Kelly Christian • Keller Williams Realty Portland Premiere

Property Details for 1515 North Simpson Street

Zoning
CM3

Location

Listing Courtesy of Keller Williams Realty Portland Premiere

Sold By Blue Key Realty

Add your commute
LISTING UPDATED: 04/29/2024 04:18 PM

Property Details for 1515 North Simpson Street

StatusSold
MLS #24208236
Days on Market33
Taxes$39,479 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family
Year Built2022
Lot Size0.11 AC / 4,791 SF
CountyMultnomah County

Location

Listing Courtesy of Keller Williams Realty Portland Premiere

Sold By Blue Key Realty

Add your commute

Virtual Tour

Building Information for 1515 North Simpson Street

Stories3Residences20Year Built2022Building Size-Lot Size0.11 AC / 4,791 SF

Payment Calculator

$26,484 per month

30 year fixed, 7.25% Interest

Principal and Interest

$23,194

Property Taxes

$3,290

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1515 North Simpson Street

Summary
Location and General Information
  • Country: US
  • Directions: Corner of N Simpson St and N Interstate Ave
School Information
  • Elementary School: Beach
  • High School: Jefferson
  • Middle Or Junior School: Ockley Green
Taxes and HOA
  • Tax Year: 2023
  • Tax Annual Amount: $39,479.07
  • Parcel Number: R219468
  • Tax Legal Description: MINROSE, BLOCK 1, LOT 22 EXC PT IN ST
Virtual Tour
Property
Lot Information
  • Acres: 0.11
  • Lot Description: Corner Lot
  • Lot Size Square Feet: 4791.0
  • Lot Size Range: Sq Ft3000to4999
  • Lot Size: 3,000 to 4,999 Sq Ft
Property and Assessments
  • Property Type: Multi Family
  • Water Description: Public Water
  • Property Condition: New Construction
  • Year Built: 2022
Utilities
  • Cooling Description: Heat Exchanger
  • Fuel Description: Electricity
  • Heating Description: Mini Split
  • Hot Water Description: Electricity
  • Sewer Description: Public Sewer
  • Rent Includes: Sewer, Water
Interior and Exterior Features
Exterior Features
  • Exterior Description: Lap Siding, Wood Siding
  • Waterfront Description: Other
Interior Features
  • Stories: 3
Multi Family
Multi-Family Information
  • Number Of Units Total: 20
  • Gross Income Actual: $347,296.00
  • Gross Income Projected: $347,296.00
  • Gross Rent Multiplier: $12.96
  • Net Income Actual: $257,350.00
  • Net Income Projected: 265946
  • Operating Expenses Projected: $90,494.00
  • Operating Expense: $89,946.00
  • Unit Type Type: Unit Type Type1, Unit Type Type2, Unit Type Type3, Unit Type Type4, Unit Type Type5
  • SqFt Approximate Building Total: 11491
Unit 1 Information
  • Unit Type 1 Baths Total: 1
  • Unit Type 1 Beds Total: 0
  • Unit Type 1 Features: Dishwasher, Refrigerator, Washer Dryer
  • Unit Type 1 Rent: $0
  • Unit Type 1 SqFt: 370.0
  • Unit Type 1 Units Total: 10
Unit 2 Information
  • Unit Type 2 Baths Total: 1
  • Unit Type 2 Beds Total: 0
  • Unit Type 2 Features: Dishwasher, Refrigerator, Washer Dryer
  • Unit Type 2 Rent: $0
  • Unit Type 2 SqFt: 425.0
  • Unit Type 2 Units Total: 2
Unit 3 Information
  • Unit Type 3 Baths Total: 1
  • Unit Type 3 Beds Total: 1
  • Unit Type 3 Features: Dishwasher, Refrigerator, Washer Dryer
  • Unit Type 3 Rent: $0
  • Unit Type 3 SqFt: 575.0
  • Unit Type 3 Units Total: 2
Unit 4 Information
  • Unit Type 4 Baths Total: 1
  • Unit Type 4 Beds Total: 1
  • Unit Type 4 Features: Dishwasher, Refrigerator, Washer Dryer
  • Unit Type 4 Rent: $0
  • Unit Type 4 SqFt: 645
  • Unit Type 4 UnitsTotal: 5
Unit 5 Information
  • Unit Type 5 Baths Total: 0
  • Unit Type 5 Beds Total: 0
  • Unit Type 5 Rent: $0
  • Unit Type 5 SqFt: 910.0
  • Unit Type 5 Units Total: 1

Property History for 1515 North Simpson Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1515 North Simpson Street

Taxable ValueLand-Additions-Total-
Tax Record2023$39,479 ($3,290 / month)
Home Facts
Total Finished SqFt11,491 SqFtAbove Grade Finished SqFt11,491 SqFtStories1Lot Size4,733 SqFtStyleMulti-Family Res (5+ Units)Year Built2022ZoningCGCountyMULTNOMAHAPN1N1E16DD 05700

Schools near 1515 North Simpson Street

This home is within Portland School District 1j.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Beach Elementary School
PublicPK to 5

Ockley Green
Public6 to 8

Roosevelt High School
Public9 to 12

Jefferson High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Keller Williams Realty Portland Premiere

All information provided is deemed reliable but is not guaranteed and should be independently verified. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland Oregon. Real estate listings held by brokerage firms other than Compass are marked with the RMLS logo and detailed information about these properties includes the names of the listing brokers. Copyright © 2024 RMLS, Portland, Oregon. Last updated: 04/29/2024 04:18 PM