Courtesy of Windermere Realty Trust

1325 NW FLANDERS ST Unit: 2 & 3

Portland, OR, 97209

$4,490,000

$453 per ft²
$4,490,000
$453 per ft²
Active
Active
 - For Sale
beds
5 Beds
baths
4 Baths
carpenters-square
9,900 ft²
property_type
Condo
calendar
Built 1911
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® ID:
22282178
Listed:
5/8/22
Updated:
12/4/22
Realty ONE Group Willamette Valley
Rebecca Donaldson

Interior Features

Kitchen Appliances
Dishwasher, Free Standing Range, Free Standing Refrigerator
Total Bedrooms
5
Total Bathrooms
4
Cooling
Heat Pump
Heating
Heat Pump

Exterior/Building Features

Architectural Style
Live Work Unit
Lot Details
Corner Lot, Level, On Busline
Roof
Flat
Sewer
Public Sewer

School Information

High School
Lincoln
Middle/Jr High
West Sylvan
Elementary School
Chapman

Other Property Details

Area Name
148 - Portland NW/ SW/ S, Raleigh Hills
Taxes
$25327
Tax Frequency
per YEAR
Garage
No
Parking
N
View
N
County
Multnomah
Water Source
Public Water
Pool
No
Total Stories
2
Zoning
EX

Courtesy of Windermere Realty Trust, Andrew Pienovi
Listing Contact:  

All information provided is deemed reliable, but is not guaranteed and should be independently verified. Listing information is provided exclusively for consumers’ personal, non‐commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by RMLS™. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Rebecca Donaldson shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by brokerage firms other than Realty ONE Group Willamette Valley are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers.

This content last updated on 12/4/22, 3:16 PM UTC. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

Listing content is copyright © 2022 RMLS™, Portland, Oregon. All rights reserved.

Realty ONE Group Willamette Valley
Rebecca Donaldson
Contact