Pardue Court – Multifamily for Sale

For Sale

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. Please email for offer instructions.

Highlights

  • Total building size ± 9,140 SF
  • Total units ± 11
  • Land size ± 11,500 SF / ± 0.26 AC
  • Central courtyard
  • Located in the Alphabet Historic District (AB)
  • Zoned Residential Multi-Dwelling 4 (RM4)
  • Part of the Northwest Business Association district and Multi-Dwelling – Urban Center comp plan

2233 NW Flanders Street

  • Building size ± 5,682 SF
  • 3 stories with additional basement
  • The property features include a multi-gable bellcase roof, massive round tower with finial, conical roof, and panels of patterned shingles below the eaves.
  • Victorian architecture  designed by Edgar Lazarus for James W Cook  who is famed for with the development and upbuilding of Portland.
  • Contributing historic resource
  • Built in 1890
  • Storage unit providing additional monthly income
  • 5 units over 3 floors

2243 NW Flanders Street

  • Building size ± 3,458 SF
  • Wood framed brick building
  • Single story
  • 6 units

Marketing Flyer

2233-2243 NW Flanders St_SALE FLYER

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Jordan Fezler

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Jordan Fezler
  • Jordan Fezler