Green Seed Apartments
Newer Construction Value-Add 32 Unit Building on Lightrail
Marketing description
Green Seed is a newly constructed, 32-unit, carbon-neutral multifamily community featuring a compelling value-add opportunity in a highly desirable, transit-oriented location.
The property is fully leased and stands out as a carbon-neutral apartment complex in the Pacific Northwest, set ting a new benchmark for sustainable urban living. The property was thoughtfully designed for energy efficiency and long-term affordability, featuring solar panels, thermal heating systems, and water-saving appliances that minimize both operating costs and environmental impact.
Units range in size from 313 SF to 511 SF and include a mix of studio layouts. Each unit is equipped with modern amenities featuring solid wood cabinets, granite counter tops, flush mount sinks, and triple-pane windows. Ground-floor street-facing units also offer private street access and an outdoor patio space. Rents average $1,267 per month with all utilities, including internet, covered in the rent. Green Seed provides high-quality, affordable workforce housing in a transit-oriented location directly adjacent to a MAX Light Rail station, offering residents convenient access to major employment centers throughout the region.
The property offers a range of amenities that enhance both livability and community connection, including a rainwater harvesting system, solar-paneled roof, community raised-bed gardens, onsite parking, and two ground-floor retail spaces at the buildings entrance. Additionally, the building includes a 1,741 SF daylight basement space that can serve as an office, or counseling or community space.
Positioned along one of Portland metro’s primary east–west corridors, Burnside Street provides excellent visibility and accessibility for residents and visitors alike. The property is located just steps from the 162nd Avenue MAX Light Rail Station on TriMet’s award-winning line, providing residents with a quick and convenient transit connection to Downtown Portland, Gresham, and the greater metropolitan area. In addition, the property enjoys easy access to nearby thoroughfares.
Investment highlights
LOW EXPENSE RATIO
Thoughtfully designed for energy efficiency and long-term affordability, meaning lower utilities and maintenance burdens.
INCREASE SCHEDULED INCOME
Through leasing two ground-floor commercial spaces and/or daylight basement you can improve your annual scheduled revenue.
VALUE-ADD OPPORTUNITY
Through implementing charges to laundry machines, Wi-Fi service, and individual tenant storage units you can further increase your potential income.
FULLY-OCCUPIED & STABILIZED
The property is fully leased and designed as workforce housing, a high demand segment that supports long-term stability.
NEWER CONSTRUCTION
Completed in 2021, the property benefits from modern construction standards, and has a low risk of deferred maintenance.
LONG-TERM SUSTAINABILITY
The property features solar panels, thermal heating systems, and water-saving appliances that minimize both operating costs and environmental impact.
TRANSIT-ORIENTED LOCATION
Located directly on a light rail stop, the asset has great public transit access and close proximity to major thoroughfares.
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