2233 Northwest Flanders Street

Portland, OR 97210

$2,400,000
Price
—
Beds
3,458 Sq. Ft.
$694 / Sq. Ft.
3,458
Sq. Ft.
$694
per Sq. Ft.
a view of a balcony with two chairs and a table
an aerial view of a
a view of an empty room and window
a view of an empty room with a window and wooden floor
a view of an empty room with a window
a white refrigerator freezer sitting inside of a kitchen
a bathroom with a sink toilet and shower
a view of a chairs and table in backyard of the house
a front view of a house with garden
an aerial view of multiple houses with yard
an aerial view of a houses with outdoor space
an aerial view of a houses with outdoor space
an aerial view of multi story residential houses with outdoor space

Description

Rare opportunity to acquire a value add 11 unit multifamily in one of the most sought after neighborhood in all of Portland. The property consists of two buildings and 11 units. The wood framed brick building is 6 units, all one bedrooms. The Victorian is 3 levels and 5 units, high ceilings with recent upgrades including electrical. The property is in receivership, please see offer instructions. All numbers are based on proforma and in line with market rates. Not all leases on the property have been...Rare opportunity to acquire a value add 11 unit multifamily in one of the most sought after neighborhood in all of Portland. The property consists of two buildings and 11 units. The wood framed brick building is 6 units, all one bedrooms. The Victorian is 3 levels and 5 units, high ceilings with recent upgrades including electrical. The property is in receivership, please see offer instructions. All numbers are based on proforma and in line with market rates. Not all leases on the property have been verified and is under new property management. There is an incredible amount of upside on this asset.
  1. Listed by Jordan Fezler • Apex Residential

Property Details for 2233 Northwest Flanders Street

Subdivision
NORTHWEST DISTRICT
Parking Features
On Street
Zoning
RM4
LISTING UPDATED: 11/06/2024 05:59 PM

Property Details for 2233 Northwest Flanders Street

StatusActive
MLS #24340236
Days on Market46
Taxes$22,069 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family
Year Built1890
Lot Size0.26 AC / 11,325 SF
CountyMultnomah County

Building Information for 2233 Northwest Flanders Street

Stories3Residences11Year Built1890Building Size-Lot Size0.26 AC / 11,325 SF

Property Information for 2233 Northwest Flanders Street

Summary
Location and General Information
  • Country: US
  • Directions: NW 22nd and Flanders
  • Road Surface: Paved
School Information
  • Elementary School: Chapman
  • High School: Lincoln
  • Middle Or Junior School: West Sylvan
Taxes and HOA
  • Management Name: NWV
  • Tax Year: 2024
  • Tax Annual Amount: $22,069.40
  • Parcel Number: R216383
  • Tax Legal Description: MEADS ADD, BLOCK 2, W 10' OF LOT 4, LOT 7, E 55' OF LOT 8
Property
Lot Information
  • Acres: 0.26
  • Lot Description: Level
  • Lot Size Square Feet: 11325.0
  • Lot Size Dimension: 105 x 100
  • Lot Size Range: Sq Ft10000to14999
  • Lot Size: 10,000 to 14,999 Sq Ft
Property and Assessments
  • Property Type: Multi Family
  • Water Description: Public Water
  • Property Condition: Updated Remodeled
  • Year Built: 1890
Utilities
  • Cooling Description: Other
  • Fuel Description: Electricity, Gas
  • Heating Description: Mini Split
  • Hot Water Description: Electricity, Propane
  • Sewer Description: Public Sewer
  • Rent Includes: Electricity, Gas, Heat, Sewer, Water
Interior and Exterior Features
Exterior Features
  • Exterior Description: Brick, Wood Siding
  • Roof Type: Flat, Other
Interior Features
  • Basement: Full Basement
  • Foundation Details: Block, Concrete Perimeter, Slab
  • Stories: 3
Amenities
Amenities Information
  • Internet Service Type: Cable
Multi Family
Multi-Family Information
  • Number Of Units Total: 11
  • Gross Income Actual: $256,960.00
  • Gross Rent Multiplier: $9.34
  • Investor Information: Incomplete
  • Net Income Actual: $160,052.00
  • Operating Expense: $96,908.00
  • Security Features: Security Gate
  • Storage: Basement
  • Unit Type Type: Unit Type Type1, Unit Type Type2, Unit Type Type3
  • Common Amenities: All Landscaping, Laundry
  • SqFt Approximate Building Total: 3458
Unit 1 Information
  • Unit Type 1 Baths Total: 1
  • Unit Type 1 Baths Decimal: 1.00
  • Unit Type 1 Beds Total: 1
  • Unit Type 1 Features: Hardwood Floors
  • Unit Type 1 Rent: $1,800
  • Unit Type 1 SqFt: 550.0
  • Unit Type 1 Units Total: 6
Unit 2 Information
  • Unit Type 2 Baths Total: 1
  • Unit Type 2 Baths Decimal: 1.00
  • Unit Type 2 Beds Total: 1
  • Unit Type 2 Features: Hardwood Floors
  • Unit Type 2 Rent: $2,100
  • Unit Type 2 SqFt: 700.0
  • Unit Type 2 Units Total: 4
Unit 3 Information
  • Unit Type 3 Baths Total: 1
  • Unit Type 3 Baths Decimal: 1.00
  • Unit Type 3 Beds Total: 2
  • Unit Type 3 Features: Hardwood Floors
  • Unit Type 3 Rent: $2,400
  • Unit Type 3 SqFt: 900.0
  • Unit Type 3 Units Total: 1

Schools near 2233 Northwest Flanders Street

This home is within Portland School District 1j.
Rating
School
Type
Grades
Distance
Chapman Elementary School
Public - K to 5
West Sylvan Middle School
Public - 6 to 8
Lincoln High School
Public - 9 to 12
Metropolitan Learning Center
Public - K to 12
Rating
School
Distance
Chapman Elementary School
PublicK to 5

West Sylvan Middle School
Public6 to 8

Lincoln High School
Public9 to 12

Metropolitan Learning Center
PublicK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 2233 Northwest Flanders Street, Portland, OR 97210

2233 Northwest Flanders Street is a multi-family home for sale in Portland, OR 97210. This property was listed for sale on November 6, 2024 by Apex Residential, it's currently listed at $2,400,000. This listing's school district is Portland School District 1j. Nearby schools include Chapman Elementary School, West Sylvan Middle School and Lincoln High School. 2233 Northwest Flanders Street is a 0-bed, 0-bath, 3,458 sqft multi-family home built in 1890.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Apex Residential

All information provided is deemed reliable but is not guaranteed and should be independently verified. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland Oregon. Real estate listings held by brokerage firms other than Compass are marked with the RMLS logo and detailed information about these properties includes the names of the listing brokers. Copyright © 2024 RMLS, Portland, Oregon. Last updated: 11/06/2024 05:59 PM