Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Portland Multifamily Investment Opportunity Title is generated by Realmo AI

    2431 SE 141ST Ave, Portland, OR 97233

    View on Map
    Claim this Listing
    For Sale
    $875,000

    MULTI_FAMILY - Portland, OR

    Property size:
    4,516 SF
    Lot size:
    0.22 Acres
    Price / SF:
    $193/SF
    Added:
    Mar 31, 2026
    Days on Market:
    52
    Last Refresh:
    May 21 at 9:06 pm

    Property Features for 2431 SE 141ST Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    Mul
    Bedrooms
    9
    Bathrooms
    8
    Rooms
    Bathroom 5, Bathroom 7, Bedroom 3, Bathroom 1, Bathroom 8, Bedroom 1, Bathroom 4, Bathroom 3, Bedroom 5, Bedroom 4, Bedroom 2, Bedroom 7, Bedroom 9, Bedroom 8, Bathroom 6, Bedroom 6, Bathroom 2
    Standard status
    Active
    APN
    R236416
    Size
    4,516 SF
    Lot size
    0.22 Acres

    Taxes and HOA fees

    Tax Description
    PARKTOWN ADD, BLOCK 1, N 50' OF LOT 1&2
    Tax Annual Amount
    11590

    Utilities

    Heating system
    Forced Air
    Cooling system
    Wall Unit(s)

    Building Details

    Year built
    1998
    Number of units
    4
    Roof type
    Composition

    We can help!

    Listing Contact
    Dan McGraw

    Listing agent Dan McGraw

    Listing office John L. Scott Portland Metro 333 NE 3rd St, Gresham, OR

    Listing date Mar 31, 2026

    MLS# 680828430 Listing URL

    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.

    HighLights

    • Stable rental income potential for investors.
    • Meticulously maintained, custom‑built multi‑family property.
    • Unit #4 is built to 1998 ADA standards.
    • Each unit includes washer and dryer appliances.
    • Assigned parking for each unit, plus 3 garages.
    • Convenient access to public transportation.

    Overview

    This multifamily property in Portland, Oregon, presents an excellent opportunity for investors or owner-occupants. The property has been custom built and meticulously maintained. Unit #1 is located on the east side, above the three garages, with additional assigned parking for each unit. Units #2 and #3 are two-level units. Unit #4 is a one-level unit built to 1998 ADA standards. Appliances include a washer and dryer. The property is zoned Mul. This property offers stable rental income with potential for growth. Convenient public transportation is located nearby. The lot size is 0.22 acres, and the property size is 4516 square feet.

    Financial Insights

    Value Estimation Calculated for Multifamily LT 5

    Conservative
    $699.3K
    NOI $62,933 @ 9.00% cap · cautious / downside scenario
    Moderate
    $899.0K
    NOI $62,933 @ 7.00% cap · market / base-case scenario
    Aggressive
    $1.26M
    NOI $62,933 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    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.
         Calculated for Multifamily LT 5

    Component $ $/SF
    Gross rent $94.8k $21.00
    − Vacancy −$4.9k −$1.09
    EGI $89.9k $19.91
    − OpEx −$27.0k −$5.97
    NOI $62.9k $13.94
    4,516 SF · lease $21.00/SF/yr · vacancy 5.20% · expense 30.00%

    Alternative Use Scenarios

    Best Use
    Multifamily LT 5
    $899.0K
    $786.7K – $1.05M (±1% cap)
    NOI $62,933 @ 7.0% cap · market cap 7.19%
    Second Best
    Apartment 5plus
    $828.4K
    $724.8K – $966.4K (±1% cap)
    NOI $57,985 @ 7.0% cap · market cap 6.63%
    Theoretical Best
    Office A
    $1.27M
    $1.11M – $1.48M (±1% cap)
    NOI $88,774 @ 7.0% cap · market cap 10.15%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Washington
    State
    Oregon
    Longitude
    -122.519512
    Latitude
    45.504556

    Nearby Similar for Sale

    • $899,000
      5,982 SF

      Versatile Commercial Property with Warehouse

      Mixed-use property featuring storefronts, restaurant, and warehouse space.
      1218 N Killingsworth Street, Portland, OR 97217
      View Details
    • $849,900
      3,207 SF

      Portland Triplex in Clinton-Division Neighborhood

      Fully leased triplex in a desirable, walkable Portland location.
      2735 SE CLINTON St, Portland, OR 97202
      View Details
    • $725,000
      3,892 SF

      North Portland Mixed-Use Triplex

      Cash-flowing triplex with commercial flexibility in a prime location.
      7521 N GLOUCESTER Ave N, Portland, OR 97203
      View Details
    • $799,999
      3,438 SF

      Classic Irvington Duplex with Income

      Spacious Portland duplex with market rents and further potential.
      1917 1919 NE 10TH Ave NE, Portland, OR 97212
      View Details
    • $680,000
      2,544 SF

      Portland Triplex in Prime Location

      Three-unit property near Ladd Circle Park, ideal for investment.
      1903 SE 12TH Ave, Portland, OR 97214
      View Details
    • $669,950
      3,012 SF

      Portland Duplex with Value-Add Potential

      Investor-ready duplex with below-market rents and long-term tenants.
      503 SE 157TH Ave, Portland, OR 97233
      View Details
    • $1,299,900
      6,076 SF

      Portland Duplex: Value-Add Opportunity

      Investor-ready duplex with value-add potential in Portland, Oregon.
      503 SE 157TH Ave, Portland, OR 97233
      View Details
    • $659,950
      3,064 SF

      Portland Duplex with Value-Add Potential

      Investor-ready duplex with value-add potential in Portland, Oregon.
      15650 SE STARK St, Portland, OR 97233
      View Details
    • $924,000
      3,182 SF

      Updated Home with ADU Income

      Updated home with ADU in walkable Johns Landing neighborhood.
      5816 S CORBETT Ave, Portland, OR 97239
      View Details
    • $649,900
      3,100 SF

      Rockwood Triplex Investment Opportunity

      Well-maintained triplex in Rockwood with strong rental potential.
      18220 SE PINE St, Portland, OR 97233
      View Details
    • $849,000
      3,576 SF

      Updated Four-Plex Near University

      Updated North Portland four-plex near University of Portland.
      7555 N PORTSMOUTH Ave, Portland, OR 97203
      View Details
    • $695,000
      3,406 SF

      Charming Fourplex in Buckman Neighborhood

      Vintage fourplex in Southeast Portland's desirable Buckman neighborhood.
      942 SE 16th Ave, Portland, OR 97214
      View Details

    FAQs

    What type of property is this?
    Quadplex - Meticulously maintained multifamily property with stable rental income potential.
    Where is this quadplex located?
    The property is located at 2431 SE 141ST Ave Portland, OR.
    What is the asking price?
    The asking price for this property is $875,000.
    What are key features of this property?
    This property features: Stable rental income potential for investors.; Meticulously maintained, custom‑built multi‑family property.; Unit #4 is built to 1998 ADA standards.
    (503) 805-3821
    We can help!
    Listing Contact
    Dan McGraw
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2431 SE 141ST Ave, Portland, OR 97233
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!