1325 NW Flanders St 2 & 3 Portland, OR 97209
Listing Courtesy of: RMLS / Windermere Realty Trust / Andrew Pienovi
$4,490,000
5
BED
4
BATH
9,900
SQFT

  1325 NW Flanders St 2 & 3 Portland, OR 97209

Active (142 Days)

Description

Two unique historic Pearl Commercial Condos currently used as office space. Can potentially be used as live/work opportunity. Buyer to confirm with city. Great investment or owner occupied opportunity. 2.5 years remain on 2 very attractive NNN leases. Call for details. Main floor $13,795/mo NNN 2nd floor $10,525/mo NNN. Actual in-place cap rate is 6.2%, factoring 5% vacancy and 5% exterior shell maint. Includes basement but not residential condo on top floor

MLS #:
22282178
Taxes
$25,327(2021)
Type
Condo
Year Built
1911
Style
Live Work Unit
County
Multnomah County
Bathroom Details
  • Partial Bathrooms: 4
Interior Features
  • Room(s) : 2nd Kitchen
  • Room(s) : 4th Bedroom
  • Room(s) : 5th Bedroom
Lot Information
  • Level
  • Corner Lot
  • On Busline
Heating and Cooling
  • Heat Pump
Basement Information
  • Full Basement
  • Storage Space
Exterior Features
  • Brick
  • Roof: Flat
Utility Information
  • Sewer: Public Sewer
  • Fuel: Electricity
School Information
  • Elementary School: Chapman
  • Middle School: West Sylvan
  • High School: Lincoln
Stories
  • 2
Location
   
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