Six-Unit Apartment
For Sale
$2,000,000
8300 SE Flavel St, Portland, OR 97266
MultiFamily, Portland, OR
Property Size6,070 SF
Lot Size0.29 Acres
Price / SF$329.49
Days on Market143
Property Features for 8300 SE Flavel St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RM1
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 4, Bedroom 3, Bathroom 2, Bedroom 1, Bathroom 1, Bedroom 2
Subdivision
LENTS
Elementary school
Kelly
Middle school
Brentwood
High school
Franklin
Directions
SE 82nd Ave, East on Flavel, Property on the right
Standard status
Active
APN
R145996
Size
6,070 SF
Lot size
0.29 Acres
Taxes and HOA fees
Tax Description
D & O LITTLE HMS SUB 2, LOT 24 TL 1200
Tax Annual Amount
19885
Legal Description
D & O LITTLE HMS SUB 2, LOT 24 TL 1200
Amenities
in-unit washers and dryers
Building Details
Year built
2020
Floors in Building
2
Number of units
6
Roof type
Composition
Listing Agency:
Rarebird Real Estate
(503) 451-0545
Listed By:
Benjamin Ficker
(971) 273-5547
Added: Jun 1
Changed: Oct 19
Last Checked: Oct 21 at 10:06PM
MLS# 244619036
Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This apartment property contains six two-bedroom, one-bath residences totaling approximately 6,014 rentable square feet within a 6,070-square-foot building. Each unit includes an in-unit washer and dryer, while the site provides seven off-street parking spaces. The property is situated on a 12,524-square-foot lot measuring 0.29 acres and is zoned RM1.
Located in Portland’s Lents neighborhood, the property is near Lents Town Center, Lents Park, and the Springwater Corridor Trail. Interstate 205 provides access to transportation routes, employment centers, retail services, and public transit throughout the Portland metropolitan area.
Located in Portland’s Lents neighborhood, the property is near Lents Town Center, Lents Park, and the Springwater Corridor Trail. Interstate 205 provides access to transportation routes, employment centers, retail services, and public transit throughout the Portland metropolitan area.
Key Highlights
- Six two‑bedroom, one‑bath apartment units
- Approximately 6,014 rentable square feet in a 6,070‑square‑foot building
- In‑unit washers and dryers in all six residences
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$77,939
Cap Rate
3.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,558,780
$1.6M
Cap Rate 7%
$1,113,414
$1.1M
Cap Rate 9%
$865,989
$866.0K
Market Conditions
NOI Build-Up for 6,070 SF
Gross rent
$149.3K $24.60/SF
− Vacancy
−$7.6K −$1.25/SF
EGI
$141.7K $23.35/SF
− OpEx
−$63.8K −$10.51/SF
NOI
$77.9K $12.84/SF
Area
Portland, OR
Vacancy
5.10%
Lease Rate
$24.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,558,780
Cap Rate 7%
$1,113,414
Cap Rate 9%
$865,989
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 authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
6
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
582
Businesses Nearby
Explore this area
Business Placement
Demographics for 97266, OR
36,095
Population
13,863
Households
2.6
Avg Household Size
37
Median Age
29%
College-Educated
85%
High-School Grad
6.1 sq mi
ZIP Area
5,917
Density / Sq Mi
$71,791
Median Household Income
$39,856
Median Earnings
$1,532
Median Rent
$420,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Modern multifamily property with larger two-bedroom floor plans and in-unit laundry.
Where is this apartment building located?
The property is located at 8300 SE Flavel St 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 two‑bedroom, one‑bath apartment units; Approximately 6,014 rentable square feet in a 6,070‑square‑foot building; In‑unit washers and dryers in all six residences
