Newer Multi-Unit Investment
8780 Southeast Flavel Street Portland, OR 97266
8780 Southeast Flavel Street, Portland, OR, 97266
$615,000
For Sale
$615,000
Built in 2019, excellent condition, income-generating property with views.
Property Size2,678 SF
Price / SF$229.65
Days on Market145
Property Features for 8780 Southeast Flavel Street
General Information
- Standard status
- Active
- Size
- 2,678 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 2019
Listing Agency
The Group Real Estate Services
(971) 351-7040
Listed by
Ron Garcia · License #951100050
(971) 351-7040
Source
Compass
Added: Feb 23 Checked: Jul 17 at 4:34 am
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 The Group Real Estate Services
Investment Insights
Based on property information with market context.
This newer multi-unit property, constructed in 2019, presents an investment opportunity. The upstairs unit, spanning 2,000 square feet across two stories, is divided by a full partition wall and configured as townhouse-style units, each featuring individual kitchens and separate entrances. These units are suitable for owner occupancy with multi-generational living space. Additionally, there is a downstairs studio apartment with approximately 320 square feet, currently rented for $995 per month. The property features 9-foot ceilings, engineered hardwood floors, and slab granite countertops. An abundance of windows provide views over the Spring Water Trail and Johnson Creek. The property is in excellent condition. Each unit includes stainless steel appliances, ample storage, and two private balconies. Each living space is equipped with a heat pump and mini split system. Parking options include on-street, off-street, and garage parking, with a 1,000 square foot garage and RV parking available. The landscaping offers year-round beauty. Constructed by the current owner, the building reflects attention to detail and superior craftsmanship. The upstairs is currently rented to two individual tenants, with a third tenant in the downstairs studio. The property size is 2,678 square feet.
Key Highlights
- Income‑generating property with three existing tenants.
- Upstairs unit divisible into two townhouse‑style units, each with separate entrances and kitchens, ideal for owner occupancy.
- Newer construction (2019) with high‑quality finishes including 9' ceilings, engineered hardwood floors, slab granite countertops, and stainless steel appliances.
Local 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 | $65.9k | $24.60 |
| − Vacancy | −$3.4k | −$1.25 |
| EGI | $62.5k | $23.35 |
| − OpEx | −$28.1k | −$10.51 |
| NOI | $34.4k | $12.84 |
2,678 SF · lease $24.60/SF/yr · vacancy 5.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$491.2K
$429.8K – $573.1K
NOI $34,385 @ 7.0% cap · market cap 5.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$752.0K
$658.0K – $877.4K
NOI $52,643 @ 7.0% cap · market cap 8.56%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Multifamily properties
Similar For Sale Nearby
FAQs
What type of property is this?
Multifamily property - Built in 2019, excellent condition, income-generating property with views.
Where is this multifamily property located?
The property is located at 8780 Southeast Flavel Street Portland, OR.
What is the asking price?
The asking price for this property is $615,000.
What are key features of this property?
This property features: Income‑generating property with three existing tenants.; Upstairs unit divisible into two townhouse‑style units, each with separate entrances and kitchens, ideal for owner occupancy.; Newer construction (2019) with high‑quality finishes including 9' ceilings, engineered hardwood floors, slab granite countertops, and stainless steel appliances.
