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Listed by Rarebird Real Estate
$ 2,000,000
Est. payment /mo
Active
8300 SE Flavel ST Portland, OR 97266
6,070 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 6,070 sqft
Price per Sqft $329
Subdivision Lents
MLS Listing ID 244619036
HOA Y/N No
Year Built 2020
Annual Tax Amount $19,885
Tax Year 2025
Lot Size 0.290 Acres
Property Description
Introducing a six-unit apartment community located in Portland's growing Lents neighborhood. Built in 2019, the property offers investors a rare opportunity to acquire a newer-construction multifamily asset comprised entirely of spacious two-bedroom apartment homes.The property features six well-designed 2-bedroom, 1-bathroom units totaling approximately 6,014 rentable square feet within a 6,070-square-foot building. With an average unit size exceeding 1,000 square feet, the apartments provide residents with larger-than-average floor plans that continue to experience strong demand among renters seeking additional living space.Each residence is equipped with in-unit washers and dryers, providing a highly desirable amenity that enhances resident convenience and supports tenant retention. The property also offers seven off-street parking spaces, providing ample parking for residents and guests.Situated on a 12,524-square-foot lot (0.29 acres), the asset benefits from a low-density site layout and attractive residential setting. Constructed in 2019, the property offers investors the advantages of modern construction, reduced near-term capital expenditure requirements, and contemporary design features sought by today's renters.Located minutes from Lents Town Center, Lents Park, the Springwater Corridor Trail, and major transportation corridors including Interstate 205, the property provides residents with convenient access to employment centers, retail services, public transit, and outdoor recreation throughout the Portland metropolitan area.Property Highlights• Built in 2019• Six spacious 2-bedroom / 1-bathroom apartments• 6,014 rentable square feet• Average unit size of approximately 1,002 square feet• In-unit washers and dryers in every apartment• Seven off-street parking spaces• Large 12,524 SF (0.29-acre) site• Modern construction with limited near-term capital needs
Location
State OR
County Multnomah
Area _143
Zoning RM1
Rooms
Basement Crawl Space
Interior
Heating Mini Split, Wall Heater
Cooling Mini Split
Exterior
Roof Type Composition
Garage No
Building
Lot Description Level
Story 2
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public Water
Level or Stories 2
Schools
Elementary Schools Kelly
Middle Schools Lane
High Schools Franklin
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
