Pardue Court | 2233-2243 NW Flanders St
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Pardue Court 2233-2243 NW Flanders St
11 Unit Block of Flats £1,893,600 (£172,145/Unit) Portland, OR 97210
Executive Summary
Exceptional Investment Opportunity in Portland’s Premier Neighborhood!
This 11-unit multifamily property offers significant value-add potential in one of Portland’s most desirable areas. The property features two distinct buildings: a six-unit, wood-framed brick structure with one-bedroom units and a three-story Victorian with five units, all boasting high ceilings and recent upgrades, including updated electrical.
Currently under receivership, this asset presents a unique opportunity for savvy investors. All figures are based on proforma projections, aligned with current market trends. Note that lease details are pending verification, and the property is now managed by a new property management team. Don’t miss the substantial upside potential of this remarkable investment.
This 11-unit multifamily property offers significant value-add potential in one of Portland’s most desirable areas. The property features two distinct buildings: a six-unit, wood-framed brick structure with one-bedroom units and a three-story Victorian with five units, all boasting high ceilings and recent upgrades, including updated electrical.
Currently under receivership, this asset presents a unique opportunity for savvy investors. All figures are based on proforma projections, aligned with current market trends. Note that lease details are pending verification, and the property is now managed by a new property management team. Don’t miss the substantial upside potential of this remarkable investment.
Property Facts
| Price | £1,893,600 | Apartment Style | Low Rise |
| Price Per Unit | £172,145 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.25 AC |
| Sale Conditions | Distress Sale | Building Size | 6,008 SF |
| No. Units | 11 | Number of Floors | 3 |
| Property Type | Residential | Year Built | 1890 |
| Property Subtype | Apartment |
| Price | £1,893,600 |
| Price Per Unit | £172,145 |
| Sale Type | Investment |
| Sale Conditions | Distress Sale |
| No. Units | 11 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.25 AC |
| Building Size | 6,008 SF |
| Number of Floors | 3 |
| Year Built | 1890 |
Unit Amenities
- Heating
- Kitchen
- Tub/Shower
Site Amenities
- Courtyard
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Walk Score ®
Walker's Paradise (98)
Transit Score ®
Excellent Transit (71)
Bike Score ®
Very Bikeable (88)
PROPERTY TAXES
| Parcel Number | R216383 | Improvements Assessment | £0 |
| Land Assessment | £0 | Total Assessment | £632,454 |
PROPERTY TAXES
Parcel Number
R216383
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£632,454
zoning
| Zoning Code | RM4 (The RM4 zone is a high-density multi-dwelling zone applied near the Central City, and in centers, station areas, and along civic corridors.) |
| RM4 (The RM4 zone is a high-density multi-dwelling zone applied near the Central City, and in centers, station areas, and along civic corridors.) |
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Jordan Fezler -
Apex Real Estate Partners
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Pardue Court | 2233-2243 NW Flanders St
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