2233-2243 NW Flanders St - Apartments FOR SALE


Portland, OR 97210
$2,400,000 USD
503-313-8149
2233-2243 NW Flanders St, Portland, OR for Sale
$2,400,000 USD
Apartments - FOR SALE
1/9
null | Request Cap Rate

2233-2243 NW Flanders St
Portland, OR 97210


OVERVIEW

Exceptional Investment Opportunity in Portland’s Premier Neighborhood! This 11-unit multifamily property offers significant value-add potential in one of Portland’s most desirable areas. The property features two distinct buildings: a six-unit, wood-framed brick structure with one-bedroom units and a three-story Victorian with five units, all boasting high ceilings and recent upgrades, including updated electrical. Currently under receivership, this asset presents a unique opportunity for savvy investors. All figures are based on proforma projections, aligned with current market trends. Note that lease details are pending verification, and the property is now managed by a new property management team. Don’t miss the substantial upside potential of this remarkable investment.

FOR SALE DETAILS

PRICE

$2,400,000 USD

PRICE/SF

$399 USD /SF

# OF UNITS

11

PRICE/UNIT

$218,182

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Pardue Court

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1890

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

11,000 SF

ZONING

RM4

APN/PARCEL ID

R216383

ASK ABOUT THIS PROPERTY

Jordan FezlerApex Real Estate PartnersMore Info
503-313-8149

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Jordan FezlerApex Real Estate PartnersMore Info
503-313-8149

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.