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$440,000   Price Analysis
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5503 SE Flavel St
Portland, OR 97206
4 bed 2 bath 1,781 SqFt ($247/SqFt)
7,405SqFt lot. Built 1972
Listed 2024-07-26, Taxes $5,151
Ⓧ USDA Ineligible
due to location

near Portland

Hurry - priced to sell quickly!

Easy one level living side by side duplex. A little cleanup work will be needed for the new owner but priced accordingly. The seller would like a fast as is closing with no repairs. Both sides are available to view. The asphalt driveway and covered carport offers two parking spaces per unit, plus additional room for guest parking. Each unit has two bedrooms, one full bathroom, an eat in kitchen and generous sized living rooms. Each side has their own private fenced back yard to enjoy.

R2.5 zoning with a 7500 SF lot could mean future development opportunities - buyer to do their due diligence. The City of Portlnd says there are three underlying historic platted lots that can be reestablished should the current structure come down (much easier than doing a land division). The location boasts a 98 Bikers Paradise bike score. The Neighboring Woodstock area is tremendous for grocery shopping at Brand new Season's, picking up fresh bagels at Grand Central Bakery or grabbing a cold brew at the Double Mountain Taproom. Please ask your agent to send you the Add itional Info , Woodstock Amenities Map and Rentometer PDF's attached to the listing. [Home Energy Score = 7. HES Report at


Presented by Loree Kaiser at
Better Homes & Gardens Realty.


Property MLS #24280667 from RMLS

Bedrooms: 4

Cooling Features: MiniSplit, WindowUnit
Heating Features: Ceiling, HeatPump, MiniSplit
Heating Fuel: Electricity
Heating: Yes
Water Heaters: Electricity

Full Bathrooms: 2

Basement Description: CrawlSpace

Lot Description: Level
Lot Size Acres: 0.1699954
Lot Size Dimensions: 7500
Lot Size Square Feet: 7405

Road Surface Type: Paved

Parking Features: Carport, Driveway
Parking Total: 4

Elementary School: Whitman
High School: Cleveland
Middle School: Lane

Whitman Elementary School is a public elementary school located approximately 0.9 miles away.
directions icon Map directions

Sellwood Middle School is a public middle school located approximately 2.2 miles away.
directions icon Map directions

Cleveland High School is a public high school located approximately 2.6 miles away.
directions icon Map directions

Sunstone Montessori School is a private elementary school located approximately 0.7 miles away.
directions icon Map directions

Gross Income: 48000
Gross Scheduled Income: 48000

Number of Units: 2
Unit Type: UnitTypeType1, UnitTypeType2
Bedrooms in Unit-1: 2
Bedrooms in Unit-2: 2
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1

Calculated Total Monthly Association Fees: 0

LotSizeRange: SqFt7000to9999
Annual Tax Amount: 5265.020000000
Source Listing Status: Active
County: Multnomah
Cap Rate: 8.57
Directions: SE 52nd Ave to SE Flavel St.
Tax Year: 2023
Source Property Type: MultiFamily
Source Neighborhood: BRENTWOOD - DARLINGTON
Parcel Number: R229432
Subdivision: BRENTWOOD - DARLINGTON
Zoning: R2.5
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$unknown + $unknown
$192,910
$5,151
2021$unknown + $unknown
$187,300
$5,064
2020$unknown + $unknown
$181,850
$4,645
2019$unknown + $unknown
$176,560
$4,475
2018$unknown + $unknown
$171,420
$4,343
2017$unknown + $unknown
$166,430
$4,162
2016$unknown + $unknown
$161,590
$3,809
2015$unknown + $unknown
$156,890
$3,449
2014$unknown + $unknown
$152,330
$3,210
2013$unknown + $unknown
$147,900
$2,622
2012$unknown + $unknown
$129,920
$2,072
2011$unknown + $unknown
$142,120
$2,259
2010$unknown + $unknown
$143,600
$2,739
2009$unknown + $unknown
$139,420
$2,915
2008$unknown + $unknown
$135,360
$2,874
2007$unknown + $unknown
$131,420
$2,865

Price Changed 2024-08-01
$440,000
RMLS
Price Changed 2024-08-01
$440,000
RMLS
Relisted 2024-07-31
$469,000
RMLS
Relisted 2024-07-31
$469,000
RMLS
Listing removed 2024-07-26
$469,000
RMLS
Listing removed 2024-07-26
$469,000
RMLS

Net Operating Income: 37692
Operating Expense: 10308

Year Built: 1972
Building Area Total: 1781
Building Exterior Type: CementSiding
Foundation Details: ConcretePerimeter
Property Age: 52
Property Condition: Existing
Roof: Composition
Levels or Stories: 1

Sewer: PublicSewer
Water Source: PublicWater
Click Thumbnail Images To View Full Size
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laundry_roomkitchenliving_roomliving_roomliving_room
bathroombedroomunknownbedroomyard
yardfloor_planunknownunknownunknown
unknownunknownunknownunknownunknown
unknown

The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.