8300 SE Flavel St,Portland, OR 97266
Portland, OR 97266
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
Details
| MLS # | 244619036 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 2020 |
| Days On Site | 103 |
| Listing Provided By | Rarebird Real Estate | Benjamin Ficker |
Features
| SQ Feet | 6,070 |
|---|---|
| Basement | Y |
| Story(s) | 2 |
| Units | 6 |
| Zoning | RM1 |
| Acreage | 0.29 |
Interior
| Heating | Mini Split, Wall Heater |
|---|---|
| Heating Yn | Yes |
| Cooling | Mini Split |
| Cooling Yn | Yes |
Exterior
| Roof | Composition |
|---|---|
| Security Features | None |
| Foundation Details | Concrete Perimeter |
| Lot Features | Level |
Parking
| Attached Garage Yn | No |
|---|---|
| Parking Features | Assigned, Open |
Taxes
| Property | 19885 |
|---|
Area Information
| State | OR |
|---|---|
| County | Multnomah |
| City | Portland |
| Zip Code | 97266 |
| Community Name | LENTS |
| School District | Franklin |
| Elementary School | Kelly |
| High School | Franklin |
| Listing VS Median (in LENTS) | |
Price: $2,000,000 low | high Med: $437,400 sqft: 6,070 low | high Med: 1,423 $ / sqft: $329 low | high Med: $307 On site: 103 low | high Med: 255 | |
Market Activity 97266
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| State | OR |
|---|---|
| County | Multnomah |
| City | Portland |
| Zip Code | 97266 |
| Community Name | LENTS |
| School District | Franklin |
| Elementary School | Kelly |
| High School | Franklin |
| Listing VS Median (in LENTS) | |
Price: $2,000,000 low | high Med: $437,400 sqft: 6,070 low | high Med: 1,423 $ / sqft: $329 low | high Med: $307 On site: 103 low | high Med: 255 | |