MLS# 24071939 – 7606 Se Flavel St, Portland, OR 97206 – John Wesley McPherson, Jr., The Portland Team

Listing courtesy of SMI Commercial Real Estate LLC.

Property Description

Description

6 Units

Status: Pending

Year Built: 1950

Days on Website: 23

Single level 6-plex in SE Portland, sitting on a large 0.74 acre lot. All units are 1-bedroom / 1-bath and have been recently remodeled. New flooring, cabinets, counters, paint, and gutters. Average rents at $1,082 with highest achieved at $1,206. Washer/Dryer Hookups in each unit. Newly landscaped with large off-street gravel parking lot. Located just East of Flavel Park and Whitman Elementary. The owners have decided to offer the asset at a value that reflects its current use, without factoring in the added premium for its considerable future development potential. When compared to the average price per square foot of similar land sales in the area, it appears the subject property's land is likely worth more than the existing 6-plex.

Property Details and Features

Building

Building Area Total:

3614

Built in 1950

Stories:

Unit Type Type:

UnitTypeType1

Exterior Features

Exterior Description:

VinylSiding

Heating

Heating Available

Heating:

Baseboard

Listing

Contract Status Change Date:

2024-05-01

Cumulative Days On Market:

Days On Market:

Last Transaction Date:

2024-05-01 09:21:22

List Price:

$745,000

Listing Contract Date:

2024-04-08

Listing Id:

24071939

Mls Status:

Pending

Modification Timestamp:

2024-05-01 09:21:22

Off Market Date:

2024-05-01

On Market Date:

2024-04-08

Previous List Price:

$795,000

Purchase Contract Date:

2024-05-01

Rent Includes:

None

Standard Status:

Pending

Location

MLS Area Major:

_142

County Or Parish:

Multnomah

Lot

Size Acres:

0.45

Size Range:

SqFt15000to19999

Size Square Feet:

19,602

Size:

15,000 to 19,999 SqFt

Parking

Features:

OffSite

Possession

Possession:

CloseOfEscrow

Property

Number Of Units Total:

Zoning:

Roof

Roof:

Shingle

Schools

High School:

Other

Middle Or Junior School:

Other

Elementary School:

Other

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$9,293

Legal Description

Tax Year:

2023

Unit One

Actual Rent:

$1,082

Units Total:

1 total bathroom

1 total bedroom

Utilities

Fuel Description:

Electricity

Water Source:

PublicWater

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Contact an Agent

John Wesley McPherson, Jr., CFA

503406-1776 Email Me

Location

$745,000 -

7606 Se Flavel St Portland , OR 97206

MLS Area Major: _142

Street View

Nearby Schools

Recent Sales in the Area

This content last updated on May 2, 2024 1:52AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.