Updated Quadplex with Outdoor
For Sale
$875,000
4724 NE 101ST Ave, Portland, OR 97220
MultiFamily, Portland, OR
Property Size4,320 SF
Lot Size0.12 Acres
Price / SF$202.55
Days on Market610
Property Features for 4724 NE 101ST Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
CG
Bedrooms
8
Bathrooms
8
Full bathrooms
8
Rooms
Bedroom 3, Bedroom 5, Bathroom 4, Bedroom 8, Bedroom 1, Bathroom 3, Bathroom 6, Bathroom 1, Bedroom 4, Bedroom 7, Bathroom 2, Bathroom 7, Bedroom 6, Bedroom 2, Bathroom 5, Bathroom 8
Subdivision
PARKROSE
Elementary school
Prescott
Middle school
Parkrose
High school
Parkrose
Directions
NE Wygant & NE 101st
Standard status
Active
APN
R235706
Size
4,320 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Description
PARKROSE & RPLT, BLOCK 81, LOT 13
Tax Annual Amount
10376
Legal Description
PARKROSE & RPLT, BLOCK 81, LOT 13
Utilities
Heating system
Forced Air
Amenities
washer/dryer hookups
dedicated storage
private outdoor space
fenced backyards
balconies
off-street parking
Building Details
Year built
2005
Floors in Building
2
Number of units
4
Roof type
Shingle, Composition
Listing Agency:
All Professionals Real Estate
(503) 259-2100
Listed By:
Scott Osmon · License #200604375
(503) 459-1623
Added: Jan 1, 2025
Changed: Sep 3
Last Checked: Sep 3 at 12:06PM
MLS# 24068858
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 four-unit residential income property contains 4,320 square feet on a 0.12-acre lot. Built in 2005 and substantially updated in 2014, the fully occupied asset includes four approximately 900-square-foot residences, each with two bedrooms and two full bathrooms. Unit features include open living areas, dedicated storage, washer/dryer hookups, and private outdoor space; lower residences have fenced yards, while upper residences include front and rear balconies.
The property has off-street parking, fiber cement siding, composition shingle roofing, forced-air heating, and public utilities. It is located in Portland’s Parkrose area near I-205, Portland International Airport, public transportation, shopping, dining, parks, and major employers. CG zoning and the established multifamily configuration support its current residential income use.
The property has off-street parking, fiber cement siding, composition shingle roofing, forced-air heating, and public utilities. It is located in Portland’s Parkrose area near I-205, Portland International Airport, public transportation, shopping, dining, parks, and major employers. CG zoning and the established multifamily configuration support its current residential income use.
Key Highlights
- Four‑unit property with 4,320 SF on a 0.12‑acre lot
- Built in 2005 and substantially updated in 2014
- Each residence offers 2 bedrooms and 2 full bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$60,202
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.88%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,204,040
$1.2M
Cap Rate 7%
$860,029
$860.0K
Cap Rate 9%
$668,911
$668.9K
Market Conditions
NOI Build-Up for 4,320 SF
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.
Gross rent
$90.7K $21.00/SF
− Vacancy
−$4.7K −$1.09/SF
EGI
$86.0K $19.91/SF
− OpEx
−$25.8K −$5.97/SF
NOI
$60.2K $13.94/SF
Area
Portland, OR
Vacancy
5.20%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,204,040
Cap Rate 7%
$860,029
Cap Rate 9%
$668,911
Alternative Uses
Best Use
Multifamily LT 5
$860.0K
$752.5K – $1.00M
NOI $60,202 @ 7.0% cap · market cap 6.88%
Second Best
Apartment 5plus
$792.4K
$693.4K – $924.5K
NOI $55,469 @ 7.0% cap · market cap 6.34%
Theoretical Best
Office A
$1.21M
$1.06M – $1.42M
NOI $84,921 @ 7.0% cap · market cap 9.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
100%
Occupancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
720
Businesses Nearby
Explore this area
Business Placement
Demographics for 97220, OR
29,357
Population
12,177
Households
2.4
Avg Household Size
39
Median Age
35%
College-Educated
88%
High-School Grad
7.5 sq mi
ZIP Area
3,914
Density / Sq Mi
$68,976
Median Household Income
$41,696
Median Earnings
$1,412
Median Rent
$427,700
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four two-bedroom units offer balconies or fenced yards, storage, and washer/dryer hookups.
Where is this quadplex located?
The property is located at 4724 NE 101ST 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: Four‑unit property with 4,320 SF on a 0.12‑acre lot; Built in 2005 and substantially updated in 2014; Each residence offers 2 bedrooms and 2 full bathrooms
