Portland Fourplex with Income
5405 SE LAFAYETTE St Portland, OR 97206
5405 SE LAFAYETTE St, Portland, OR, 97206
$839,999
For Sale
$839,999
MULTI_FAMILY - Portland, OR
Property Size3,300 SF
Lot Size0.12 Acres
Price / SF$254.55
Days on Market327
Property Features for 5405 SE LAFAYETTE St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- RM2
- Bedrooms
- 8
- Bathrooms
- 4
- Rooms
- Bedroom 3, Bedroom 2, Bedroom 5, Bedroom 7, Bedroom 1, Bedroom 4, Bathroom 3, Bathroom 4, Bedroom 8, Bedroom 6, Bathroom 2, Bathroom 1
- Standard status
- Active
- APN
- R229040
- Size
- 3,300 SF
- Lot size
- 0.12 Acres
Taxes and HOA fees
- Tax Description
- OAKDALE, BLOCK 2, LOT 33&34
- Tax Annual Amount
- 8647
Utilities
- Heating system
- Radiant, Baseboard
Building Details
- Year built
- 1970
- Floors in Building
- 2
- Number of units
- 4
- Roof type
- Shingle
Listing Agency
John L. Scott
(503) 624-2900
5500 Meadows Rd Ste 175, Lake Oswego, OR
Listed by
Blake Byzewski · License #201201040
(503) 679-8198
Added: Aug 26, 2025 Checked: Jul 18 at 12:06 pm
MLS# 439731831
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.
Investment Insights
Based on property information with market context.
This well-maintained fourplex is located in Southeast Portland. The property contains four units, each featuring 2 bedrooms and 1 bathroom with a practical layout. The property size is 3300 square feet and the lot size is 0.12 acres. The zoning is RM2. Three of the units are currently rented, while one unit is vacant.
Key Highlights
- Fourplex in SE Portland with 4 units, each with 2 bedrooms and 1 bathroom
- Three units currently rented and one unit vacant
- Year built: 1970
Local 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 | $73.3k | $22.20 |
| − Vacancy | −$4.0k | −$1.22 |
| EGI | $69.2k | $20.98 |
| − OpEx | −$20.8k | −$6.29 |
| NOI | $48.5k | $14.69 |
3,300 SF · lease $22.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$692.3K
$605.8K – $807.7K
NOI $48,461 @ 7.0% cap · market cap 5.77%
Second Best
Apartment 5plus
$620.7K
$543.1K – $724.2K
NOI $43,451 @ 7.0% cap · market cap 5.17%
Theoretical Best
Office A
$926.7K
$810.9K – $1.08M
NOI $64,871 @ 7.0% cap · market cap 7.72%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
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FAQs
What type of property is this?
Quadplex - Well-maintained Portland fourplex with three rented units and one vacant.
Where is this quadplex located?
The property is located at 5405 SE LAFAYETTE St Portland, OR.
What is the asking price?
The asking price for this property is $839,999.
What are key features of this property?
This property features: Fourplex in SE Portland with 4 units, each with 2 bedrooms and 1 bathroom; Three units currently rented and one unit vacant; Year built: 1970
