8300 SE Flavel ST
Portland, OR, 97266 $ 2,000,000
Bedrooms4 Baths2.0 Sq 6,070 Monthly Estimate*
$ 12,314
for $2,000,000 with 4 bedrooms and 2 full baths. This 6,070 square foot home was built in 2020 on a lot size of 0.29.
Introducing a six-unit apartment community located in Portland's growing Lents neighborhood. Built in 2019, the property offers investors a rare opportunity to acquire a newer-construction multifamily asset comprised entirely of spacious two-bedroom apartment homes.The property features six well-designed 2-bedroom, 1-bathroom units totaling approximately 6,014 rentable square feet within a 6,070-square-foot building. With an average unit size exceeding 1,000 square feet, the apartments provide residents with larger-than-average floor plans that continue to experience strong demand among renters seeking additional living space.Each residence is equipped with in-unit washers and dryers, providing a highly desirable amenity that enhances resident convenience and supports tenant retention. The property also offers seven off-street parking spaces, providing ample parking for residents and guests.Situated on a 12,524-square-foot lot (0.29 acres), the asset benefits from a low-density site layout and attractive residential setting. Constructed in 2019, the property offers investors the advantages of modern construction, reduced near-term capital expenditure requirements, and contemporary design features sought by today's renters.Located minutes from Lents Town Center, Lents Park, the Springwater Corridor Trail, and major transportation corridors including Interstate 205, the property provides residents with convenient access to employment centers, retail services, public transit, and outdoor recreation throughout the Portland metropolitan area.Property Highlights• Built in 2019• Six spacious 2-bedroom / 1-bathroom apartments• 6,014 rentable square feet• Average unit size of approximately 1,002 square feet• In-unit washers and dryers in every apartment• Seven off-street parking spaces• Large 12,524 SF (0.29-acre) site• Modern construction with limited near-term capital needs
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FeaturesGeneralSewer PublicSewer
Heating MiniSplit WallHeater
Cooling MiniSplit
Roof Composition
Zoning RM1
Garage Spaces 0
Security Features None
Year Built 2020
Stories Count 2
Tax Year 2025
Parcel Number R145996
Gross Income 121200.0
County Multnomah
Net Operating Income 73011.0
Operating Expense 48189.0
Property Type MultiFamily
HOA N
Subdivision Name LENTS
Rent Includes MaintenanceGrounds Sewer TrashCollection Water
Status Active
Directions SE 82nd Ave East on Flavel Property on the right
High School Franklin
City Portland
Number Of Units Total 6
MLS Area _143
Lot Size Square Feet 12632.0
Listing Terms Cash Conventional
Elementary School Kelly
Tax Annual Amount 19885.34
Middle/Junior High School Lane
Property Condition Approximately
Standard Status Active
Accessory Dwelling Unit Y/N N
Legal Description D & O LITTLE HMS SUB 2 LOT 24 TL 1200
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InteriorBasement CrawlSpace
Storage None
Hot Water Electricity
Unit 1 Baths Total 1
Unit 1 Beds Total 2
Unit 2 Baths Total 1
Unit 2 Beds Total 2
Unit Type UnitTypeType1 UnitTypeType2
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ExteriorParking Features Assigned Open
Lot Features Level
Water Source PublicWater
Total Parking 7.0
Exterior Description CementSiding
Foundation Details ConcretePerimeter
Building Area Total 6070.0
Lot Size Acres 0.29
Road Surface Type Paved
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* Excluded FeaturesList ByRarebird Real EstateBroker
ben@rarebirdrealestate.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $12,314
- Monthly Property Taxes
- $1,657
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Portland, OR
Average List Price $1,423,909
Percent of Sale Price 29%
About Portland, OR 646,380 Population
22% Since 2002
$ 62,517 Median Income
39 Median Age
22% Households with Children
Trends Information provided by ATTOM Data Solutions.
1950266 Elementary School
1950444 Middle School
Franklin High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 6/5/2026 | $2,000,000 | | Listed Price |