Four-Unit Residential Income
1346 SE 43RD Ave Portland, OR 97215
For Sale
$669,000
MULTI_FAMILY - Portland, OR
Property Size3,616 SF
Lot Size0.11 Acres
Price / SF$185.01
Days on Market14
Property Features for 1346 SE 43RD Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R2.5
Bedrooms
4
Bathrooms
4
Rooms
Bathroom 3, Bedroom 1, Bathroom 2, Bedroom 4, Bedroom 3, Bedroom 2, Bathroom 4, Bathroom 1
Standard status
Active
APN
R249718
Size
3,616 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Description
POWERS TR, BLOCK 4, LOT 5, N 4' OF LOT 6
Tax Annual Amount
13033
Building Details
Year built
1910
Floors in Building
2
Number of units
4
Roof type
Composition
Listing Agency:
CORE, Realtors
(971) 271-7174
Listed By:
Conor Finlay · License #201217057
(503) 545-7935
Added: Jul 17
Changed: Jul 29
Last Checked: Jul 30 at 6:06AM
MLS# 485709640
Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1910 four-unit residential income property features a neat backyard and some off-street parking. The layout includes covered deck space for the upper two units, while the lower units have direct driveway and yard access. A full basement provides common area storage and includes laundry.
Located at 1346 SE 43RD Ave in Portland, Oregon (97215), the property is described as being in the heart of east Hawthorne, with walk-through options for nearby food/drink and shopping.
Zoned R2.5, the building totals 3,616 square feet on a 0.11-acre lot, offering a practical mix of outdoor access and shared basement utility space for tenants.
Located at 1346 SE 43RD Ave in Portland, Oregon (97215), the property is described as being in the heart of east Hawthorne, with walk-through options for nearby food/drink and shopping.
Zoned R2.5, the building totals 3,616 square feet on a 0.11-acre lot, offering a practical mix of outdoor access and shared basement utility space for tenants.
Key Highlights
- 1910‑built 4‑unit property in the heart of east Hawthorne
- Generously sized units; rooming includes 4 bedrooms and 4 bathrooms listed across the property
- Upper two units feature a covered deck
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $75.9k | $21.00 |
| − Vacancy | −$3.9k | −$1.09 |
| EGI | $72.0k | $19.91 |
| − OpEx | −$21.6k | −$5.97 |
| NOI | $50.4k | $13.94 |
3,616 SF · lease $21.00/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$719.9K
$629.9K – $839.9K
NOI $50,391 @ 7.0% cap · market cap 7.53%
Second Best
Apartment 5plus
$663.3K
$580.4K – $773.8K
NOI $46,429 @ 7.0% cap · market cap 6.94%
Theoretical Best
Office A
$1.02M
$888.5K – $1.18M
NOI $71,082 @ 7.0% cap · market cap 10.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Quadplex - 1910 four-unit with covered decks, direct yard access, and a basement with storage and laundry.
Where is this quadplex located?
The property is located at 1346 SE 43RD Ave Portland, OR.
What is the asking price?
The asking price for this property is $669,000.
What are key features of this property?
This property features: 1910‑built 4‑unit property in the heart of east Hawthorne; Generously sized units; rooming includes 4 bedrooms and 4 bathrooms listed across the property; Upper two units feature a covered deck
