615 Moore St
- Immediate value-add upside through interior rent growth as remaining units are brought to market standard
- Strong in-place fundamentals with the ability to push NOI without major capital projects
- Desirable residential setting that supports stable tenancy and reduced turnover
- Larger unit mix positions the asset above typical workforce housing, widening the tenant pool
- Operational efficiencies from centralized utilities and on-site amenities improve long-term margins
- Scarcity asset in a submarket with limited new multifamily development, supporting rent resilience
Property Description
Well-maintained 16-unit property with a solid unit mix of 8 one-bedroom units and 8 three-bedroom units. Built in 1986, with 7 units remodeled in 2025. Located on a quiet, primarily residential block. The property features open garage parking, on-site laundry for added income, and is walking distance to shopping and schools. Two units are currently vacant due to remodel, giving a new owner immediate rent-up upside. A clean, turnkey investment with stable income and built-in value-add potential.
Key Property Information
| Listing Status: | Unavailable |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $2,388,000 |
| No. of Units: | 16 |
| Average Occupancy: | 9.42 |
| Year Built: | 1986 |
| Lot Size: | 0.55 Acres |
| Opportunity Zone: | No |
| Price per unit: | $149,250 |
| Property Website | Click Here |
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