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. High vacancy, 6 units have been recently turned over. Cash or bridge debt only. Call for offer instructions and guidance. The Victorian is 3 levels and 5 units, high ceilings with recent upgrades including electrical. The property is in receivership.
As the MLS and public records start to fill up, we'll list the details here.
Public record
Public record
Zoning
Permits
Beds
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Baths
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Stories
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Lot width
—
Lot depth
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Lot size
—
Year renovated
—
Sq. Ft.
—
Year built
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Style
Condo/Co-op
County
Multnomah County
APN
—
Parking Spaces
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Basement
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Accessible
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HOA Dues
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Garage
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Features
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Last updated by owner on Apr 13, 2024.
RM4
D
Residential Multi-Dwelling 4 zone
The RM4 zone is a high density, urban-scale multi-dwelling zone applied near the Central City, and in town centers, station areas, and along civic corridors that are served by frequent transit and are close to commercial services. It is intended to be an intensely urban zone with a high percentage of building coverage and a strong building orientation to the pedestrian environment of streets, with buildings located close to sidewalks with little or no front setback. This is a mid-rise to high-rise zone with buildings of up to seven or more stories. The Design overlay zone is applied to this zone.
Zone overlays
Design Overlay Zone
Permitted uses
Include but are not limited to:
Housing
Housing-Group
Housing-Single unit
Housing-Multiple units
Housing-Senior
Park & open space
Apr 20, 2023 • Final
Electrical
Electrical
Aug 26, 2022 • Final
Plumbing
Plumbing
Water heater
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Parking
Parking Information
Parking Features: On Street
Interior
Appliances
Hot Water Description: Electricity, Propane
Interior Features
Storage: Basement
Basement: Full Basement
Exterior
Exterior Features
Roof: Flat, Other
Exterior Description: Brick, Wood Siding
Unreinforced Masonry Bldg: No
Lot Information
Lot Size Square Feet: 11,325
Lot Size Range: 10,000 to 14,999 SqFt
Lot Size Dimensions: 105 x 100
Lot Size Acres: 0.26
Lot Size: 10,000 to 14,999 SqFt
Lot Features: Level
Parcel Number: R216383
Road Surface Type: Paved
Property Information
Property Type: Multi Family
Property Attached YN: No
Property Condition: Updated/Remodeled
Security Features: Security Gate
View YN: No
Building Information
Year Built: 1890
Building Area Total: 3,458
Foundation Details: Block, Concrete Perimeter, Slab
Financial
Tax Information
Tax Year: 2024
Tax Legal Description: MEADS ADD, BLOCK 2, W 10' OF LOT 4, LOT 7, E 55' OF LOT 8
Tax Annual Amount: $22,069.40
Rent Information
Rent Includes: Electricity, Gas, Heat, Sewer, Water
Lease / Rent Information
CAP Rate: 8.21
Gross Rent Multiplier: 7.59
Utilities
Utility Information
Green Certification YN: No
Fuel Description: Electricity, Gas
Internet Service Type: Cable
Water Source: Public Water
Sewer: Public Sewer
Heating & Cooling
Heating YN: Yes
Heating: Mini Split
Cooling YN: No
Cooling: Other
Location
Multi Unit Information
# Of Units Total: 11
Unit Information
Unit Type: 1, 2, 3
Unit Type 1 Information
Actual Rent: $1,800
Area: 550
Baths Total: 1
Beds Total: 1
Features: Hardwood Floors
Units Total: 6
Unit Type 2 Information
Actual Rent: $2,100
Area: 700
BathsTotal: 1
Beds Total: 1
Features: Hardwood Floors
Units Total: 4
Unit Type 3 Information
Actual Rent: $2,400
Area: 900
Baths Total: 1
Beds Total: 2
Features: Hardwood Floors
Units Total: 1
School Information
Elementary School: Chapman
Middle Or Junior School: West Sylvan
High School: Lincoln
Location Information
Directions: NW 22nd and Flanders
Unparsed Address: 2233 NW FLANDERS ST, Portland, OR 97210
Community Information
Community Features: All Landscaping, Laundry
Zoning: RM4
Public facts
Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: —
Style: Condo/Co-op
Year Built: —
Year Renovated: —
County: Multnomah County
APN: —
Home facts updated by county records on Apr 13, 2024
Other
Listing Information
MlsStatus: Sold
Listing Price Information
Price Type: List Price
Around this home
Schools
Chapman Elementary School
Public K-5 • Assigned • 0.7mi
5/10
West Sylvan Middle School
Public 6-8 • Assigned • 3.5mi
6/10
Lincoln High School
Public 9-12 • Assigned • 0.5mi
8/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
3/10 Heat Factor
7 days above 92° expected this year, 15 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
10/10 Air Factor
19 unhealthy days expected this year, 20 days in 30 years
Provided by First Street
Historical weather
Portland, OR • 97210
Average low and high temperatures (°F)
47
36
50
38
57
43
65
45
71
51
77
55
82
59
84
62
77
57
63
48
53
44
50
42
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9.5 hours in
June and 2 hours in December, placing it below the
U.S. average for solar exposure.
9.5 hrs
2 hrs
JuneDecember
Provided by Shadowmap
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