Six-Unit Apartment
8300 SE Flavel Street Portland, OR 97266
For Sale
$2,000,000
Built in 2019, this six-unit multifamily property includes 2-bedroom residences with in-unit washers and dryers and off-street parking.
Property Size6,070 SF
Price / SF$329.49
Days on Market99
Property Features for 8300 SE Flavel Street
General Information
- Standard status
- Active
- Size
- 6,070 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 2020
Listing Agency:
Rarebird Real Estate
Listed By:
Benjamin Ficker
(877) 319-7625
Source:
Century21northhomes
Added: Apr 17
Changed: Jul 21
Last Checked: Jul 23 at 8:51AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Rarebird Real Estate
Investment Insights
Based on property information with market context.
This six-unit apartment community was built in 2019 and is comprised entirely of two-bedroom, one-bath apartment homes. The building contains approximately 6,014 rentable square feet, with an average unit size of about 1,002 square feet. Each residence is equipped with an in-unit washer and dryer. The property also includes seven off-street parking spaces and is set on a 12,524-square-foot lot.
Located at 8300 SE Flavel Street in Portland, the community is described as being minutes from Lents Town Center, Lents Park, and the Springwater Corridor Trail, with access to major transportation corridors including Interstate 205.
The property’s newer-construction layout is positioned as a low-density residential asset, with contemporary features and limited near-term capital expenditure requirements noted as advantages of the 2019 build.
Located at 8300 SE Flavel Street in Portland, the community is described as being minutes from Lents Town Center, Lents Park, and the Springwater Corridor Trail, with access to major transportation corridors including Interstate 205.
The property’s newer-construction layout is positioned as a low-density residential asset, with contemporary features and limited near-term capital expenditure requirements noted as advantages of the 2019 build.
Key Highlights
- Six‑unit multifamily community built in 2019 in Portland’s Lents neighborhood
- All units are 2 bed / 1 bath, totaling approximately 6,014 rentable SF in a 6,070 SF building
- Average unit size of approximately 1,002 SF, with in‑unit washers and dryers in every apartment
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $149.3k | $24.60 |
| − Vacancy | −$7.6k | −$1.25 |
| EGI | $141.7k | $23.35 |
| − OpEx | −$63.8k | −$10.51 |
| NOI | $77.9k | $12.84 |
6,070 SF · lease $24.60/SF/yr · vacancy 5.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.11M
$974.2K – $1.30M
NOI $77,939 @ 7.0% cap · market cap 3.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.70M
$1.49M – $1.99M
NOI $119,322 @ 7.0% cap · market cap 5.97%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Built in 2019, this six-unit multifamily property includes 2-bedroom residences with in-unit washers and dryers and off-street parking.
Where is this apartment building located?
The property is located at 8300 SE Flavel Street Portland, OR.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Six‑unit multifamily community built in 2019 in Portland’s Lents neighborhood; All units are 2 bed / 1 bath, totaling approximately 6,014 rentable SF in a 6,070 SF building; Average unit size of approximately 1,002 SF, with in‑unit washers and dryers in every apartment
