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725 NW Flanders St Suite 204, Portland, OR, 97209

--beds
1baths
1,104sqft
$350,000
$317price/sqft
$2,317/moest. monthly cost
$92,680/yrincome needed

About This Home

Set within the iconic Flanders Lofts, this vintage loft captures the essence of the Pearl District: timeless, creative, and effortlessly cool. Morning light filters through tall park-facing windows, catching the exposed timber beams and concrete details that give the space its unmistakable industrial soul. Step onto the private patio and you’re greeted by the greenery of the Park Blocks and the quiet rhythm of the neighborhood unfolding below.Inside, soaring ceilings and an open-concept layout create a sense of freedom and flexibility. Think refined live/work setup, a gallery-like living environment, or a welcoming place to gather friends for an evening of good food and conversation. The chef’s kitchen is made for hosting, while the spa-like bath with a deep Japanese soaking tub offers a moment of retreat at the end of the day.Living here means the best of Portland is always within reach, yet never intrusive. Coffee around the corner. A wine bar after work. First Thursday strolls through nearby galleries. World-class dining, boutiques, markets, and events just steps away. Walk downtown, bike across the city, hop on MAX, or pull into your deeded garage parking when needed. The city becomes an extension of your living room.This is urban living with intention—where sophistication replaces stress, and access replaces excess. A home that honors Portland’s industrial past while offering the flexibility and ease of modern city life. Whether you’re building something new, working creatively, or simply savoring the energy of the Pearl, this loft offers a rare balance of vibrancy and refuge, right where you want to be.

Getting Around

99
WalkingWalker's Paradise
91
TransitRider's Paradise
99
BikeBiker's Paradise

Schools

5/10
5/10
8/10
Lincoln High SchoolGrades 9-120.7 mi

Construction

Condition

  • Property condition: Resale
  • Year built: 1921

Materials

  • Foundation: Concrete Perimeter
  • Roof: Built-Up
  • Construction materials: Other

Type & Style

  • Home type: Condo
  • Property subType: Residential,Condominium

Interior

Appliances

  • Appliances included: Built In Oven,Dishwasher,Disposal,Free-Standing Refrigerator,Gas Appliances,Microwave,Washer/Dryer,Gas Water Heater
  • Laundry features: Hookup Available

Bedrooms & Bathrooms

  • Bathrooms: 1
  • Full bathrooms: 1
  • Main level bathrooms: 1

Dining Room

  • Level: Main

Family Room

  • Level: Main

Features

  • Kitchen Island
  • Window features: Double Pane Windows
  • Flooring: Hardwood,Tile

Heating & Cooling

  • Heating features: Forced Air
  • Cooling features: Central Air

Interior Area

  • Total structure area: 1,104
  • Total interior livable area: 1,104 sqft

Kitchen

  • Level: Main

Living Room

  • Level: Main

Property

Accessibility

  • Accessibility features: Accessible Elevator Installed,One Level,Accessibility

Details

  • Parcel number: R163898

Features

  • Stories: 1
  • Entry location: Upper Floor
  • Patio & porch: Deck
  • Has view: Yes
  • View description: Park/Greenbelt

Lot

  • Features: Level,Trees

Parking

  • Total spaces: 1
  • Parking features: Deeded,Secured,Garage Door Opener,Condo Garage (Undeeded),Attached
  • Has garage: Yes
  • Attached garage spaces: 1
  • Covered spaces: 1

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Earthquake
    EarthquakeVery High
  • Heat Wave
    Heat WaveModerate
  • Inland Flooding
    Inland FloodingModerate

How This Home’s Risks Compare

Earthquake
Heat Wave
Inland Flooding

FEMA Declared Disasters in Multnomah County and Oregon

Flood
Mud Landslide
Severe Storm
Straight Line Winds
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $1,769$21,228
Home Insurance *$75$900
Property Taxes $297$3,564
Electricity $176$2,119
Total$2,317$27,804
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$79,440/yr
40% on housing$69,510/yr
45% on housing$61,786/yr

Oregon FAIR Plan Programs

Oregon FAIR Plan Association

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 2,377Commercial: 170
Total Premiums$3.07M
Total Exposure$840.98M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 4.7%
4.7%
0%30.0%
Electricity Growth Rate10-year average: 2.0%
2.0%
0%15.0%
Property Taxes Growth Rate2-year average: 1.6%
1.6%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$317This listing

vs Other Active Listings

Avg $/sqft

ZIP 97209$200
Multnomah County$244

vs Homes Sold Last Month

Median $/sqft

ZIP 97209$322
Multnomah County$288

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-01-16Listed for sale$350,000
2021-12-10Sold$388,000
2021-11-11Pending sale$388,000
2021-09-09Listed for sale$388,000
2014-02-13Sold$370,000
2014-01-13Pending sale$395,000
2013-10-10Listed for sale$395,000
2006-11-17Sold$391,500
1998-04-14Sold$193,000

For Sale by Agent

AgentClaire Paris, Paris Group Realty LLC
BrokerageParis Group Realty LLC

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