$4,490,000
5 Beds
Bath
9,900 SqFt
Acre Lot
Sqft Lot
Status Active
Property Type Condominium
Year Built 1911
Neighborhood
Days on Website 81

Property Map

$4,490,000 – 1325 Nw Flanders St Unit 2 & 3, Portland, OR 97209

Street View

Listing courtesy of Windermere Realty Trust.

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

Property Details and Features

Property Access

  • Road Surface Type: Paved

Appliances and Equipment

  • Appliances: Dishwasher,FreeStandingRange,FreeStandingRefrigerator

Basement

  • Basement: FullBasement,StorageSpace

Bathrooms

  • 2 main level partial bathrooms
  • 0 main leveltotal bathrooms
  • 4 partial bathrooms
  • 4 total bathrooms
  • 0 total bathrooms
  • 2 upper level partial bathrooms
  • 0 upper level total bathrooms

Bedrooms

  • 5 total bedrooms

House

  • Architectural Style: LiveWorkUnit
  • Building Area Calculated: 9900
  • Building Area Description: floor plan
  • Building Area Total: 9900
  • Built in 1911
  • Condominium Elevator
  • Condominium Storage Available
  • Condominium Units In Complex: 3
  • Main Level Area Total: 4950
  • Stories: 2
  • Unit Location: MainLevel
  • Upper Level Area Total: 4950

Cooling

  • Cooling Equipped
  • Cooling: HeatPump

Disclosures

  • Disclosures: Disclosure

Exterior Features

  • Exterior Description: Brick

Heating

  • Heating Available
  • Heating: HeatPump

Home Owner’s Association

  • HOA Required
  • Second Fee Frequency: Monthly

Listing

  • Contract Status Change Date: 2022-05-09
  • Days On Market: 88
  • Last Transaction Date: 2022-05-18 17:00:01
  • List Price: $4,490,000
  • Listing Contract Date: 2022-05-09
  • Listing Id: 22282178
  • Mls Status: Active
  • Modification Timestamp: 2022-05-18 17:00:01
  • On Market Date: 2022-05-09
  • Rent Amount: $24,320
  • Standard Status: Active

Location

  • MLS Area Major: _148
  • County Or Parish: Multnomah

Lot

  • Features: CornerLot,Level,OnBusline

Property

  • Property Condition: Approximately
  • Property Sub Type: Condominium
  • Zoning: EX

Roof

  • Roof: Flat

Schools

  • High School: Lincoln
  • Middle Or Junior School: West Sylvan
  • Elementary School: Chapman

Sewer

  • Sewer: PublicSewer

Taxes

  • Annual Amount: $25,327
  • Legal Description
  • Tax Year: 2021

Utilities

  • Fuel Description: Electricity
  • Water Source: PublicWater

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This content last updated on August 6, 2022 20:46. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.