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Updated 3 hours ago

Modern Rich Apartments


205 NW Couch St Portland, OR

Studio
•
1 Bath

200 Sq. Ft.

Available Now
Studio • 1 Bath
$649
200 ft2
1 Available
Managed By: Innovative Rich, LLC.
808-1
$649
Available Now
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Where you'll live
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Location ratings
Walk Score®
99
Walker's Paradise
Transit Score®
92
Rider's Paradise
Bike Score®
99
Biker's Paradise
Fees & leasing info
Lease & Fees
Security Deposit: $0
Property details
Description

In September 2012 IHI celebrated the grand opening of the Modern Rich Apartments, bringing 34 modern studio units to Portland's Old Town neighborhood. Originally built in 1905 as a railroad hotel, this great old building has housed many people over the decades and is now home to 34 people who work, go to school, and enjoy affordable living in Portland's downtown core. The Modern Rich's efficient urban studios blend an edgy modern aesthetic with cool historic elements and provide much-needed affordable workforce housing in Old Town. We punched the second floor light well through to the ground floor and created an interior courtyard that provides outdoor space for residents, access to new ground floor residential units, and outside dining for a new restaurant in one of seven revitalized commercial storefronts. IHI completed this project without any public funding, which gives us maximum flexibility in design and use, and also preserves scarce affordable housing resources.

Additional Details
Total Unit Count: 34
Last Updated: Updated 3 hours ago
Contact Number: (503) 224-0177
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Affordability
To comfortably afford an apartment, we recommend having at least three times your monthy rent in gross household income.
View suggested annual incomes for Modern Rich Apartments by bedroom type below.
Studio
Suggested income:
$23,400
per year
Rent report

Modern Rich Apartments Rent vs. Portland Average

 Modern Rich Apartments      Portland Average
Studio
$649
$1,212
$0
$400
$800
$1,200
$1,600

Modern Rich Apartments is asking 46% less than the average studio apartment in Portland.

If you upsized to an average priced Portland 1 bedroom apartment, you would pay 19% more per month.

Modern Rich Apartments provides 51% less square footage than the average Portland studio apartment.

Monthly Rent Rent per Sq. Ft. Suggested
Monthly Income
Modern Rich Apartments
Studio $649 $3.20 $1,947
Portland Average
Studio $1,212 $3.00 $3,637
1BR $1,502 $2.50 $4,507
2BR $1,910 $2.10 $5,731
3BR $2,342 $1.90 $7,026
4BR $4,230 $1.80 $12,689

Availability in Portland

In order to find the best deal, you need to know what types of units are available. Property managers may be willing to give concessions if they have many vacant units.

There are currently 1,751 1BR units on the market in Portland. If you're looking to negotiate, this may be your best option.

Studio
1BR
2BR
3BR
4BR
22% 38% 31% 7% 2%
Available Units in Portland
Studio 1,033
1BR 1,751
2BR 1,427
3BR 333
4BR 77
Location
Nearby Colleges
FAQs
Is this property currently leasing units?
Yes, there is 1 unit available at this property.
How many units are move-in ready in the next 2 months?
This property has 1 unit available for move-in now.
What's the square footage of the available units?
It's 200 square feet.
Does this property allow cats or dogs?
The property manager did not submit a pet policy with this listing.
How many bedrooms are in the available units?
There are studio units available.
How many bathrooms are in the available units?
There are 1 bathroom units available.
What's the monthly rent at this property?
Modern Rich Apartments has a studio unit starting at $649.
Where is this property located?
This property is at 205 NW Couch St in Portland, OR. It's 0.2 miles east from the center of Portland.
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