7606 SE Flavel St, Portland, OR 97206

Details
Price$745,000
Units6
Size3,614 SF
Acres0.74
Tax Lots2
ZoneR2
mapFlyer

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.

The subject property consists of 0.74 acres zoned R2 in SE Portland, with a sales price of $795,000, equating to a price per square foot of approximately $24.66. Its immediate geographic proximity to Flavel Park and Whitman Elementary School provides excellent positioning for future multifamily development and demand. Coupled with its competitive price per square foot and current stable income, the property stands out as a prime candidate for those looking to invest in a growing neighborhood.

Interested in exploring this opportunity further? Contact us today to discuss how this land can fit into your investment portfolio. We’re here to provide additional details, answer your questions, and help you take the next step towards making this property yours.

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