Well-Maintained 4-Plex Residential
For Sale
$581,000
5730 SE CENTER St, Portland, OR 97206
MULTI_FAMILY - Portland, OR
Property Size1,920 SF
Lot Size0.11 Acres
Price / SF$302.60
Days on Market141
Property Features for 5730 SE CENTER St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
PDX-CE
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 3, Bedroom 4, Bathroom 1, Bathroom 4, Bathroom 3, Bathroom 2, Bedroom 2, Bedroom 1
Elementary school
Creston
Middle school
Hosford
High school
Franklin
Directions
Foster Rd., N. on 56th, E on Center
Subdivision
_143
Standard status
Active
APN
R298601
Size
1,920 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Description
WATTS SUB, BLOCK 3, LOT 1
Tax Annual Amount
6474
Legal Description
WATTS SUB, BLOCK 3, LOT 1
Utilities
Heating system
Baseboard
Amenities
on-site laundry
tenant storage lockers
Building Details
Year built
1962
Floors in Building
1
Number of units
4
Roof type
Composition
Listing Agency:
John L. Scott
(503) 645-7433
Listed By:
Jeffrey Whiting · License #200104241
(503) 880-5484
Added: Mar 16
Changed: Aug 2
Last Checked: Aug 3 at 9:06AM
MLS# 544886266
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.
Well-maintained 4-plex featuring four single-level one-bedroom, one-bath units in good to great condition. The property was built in 1962 and includes baseboard heating and a composition roof. Each unit is supported by on-site laundry and tenant storage lockers.
The building sits on a 0.11-acre lot at 5730 SE Center St in Portland, OR 97206, zoned PDX-CE. The layout includes bedrooms 1 through 4 and bathrooms 1 through 4 across the four units.
The current configuration offers a straightforward residential income setup with multiple independently leased one-bedroom units, supported by basic on-site amenities for day-to-day convenience.
The building sits on a 0.11-acre lot at 5730 SE Center St in Portland, OR 97206, zoned PDX-CE. The layout includes bedrooms 1 through 4 and bathrooms 1 through 4 across the four units.
The current configuration offers a straightforward residential income setup with multiple independently leased one-bedroom units, supported by basic on-site amenities for day-to-day convenience.
Key Highlights
- Four single‑level one‑bedroom, one‑bath units
- On‑site laundry plus tenant storage lockers
- Baseboard heating and composition roof
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 | $42.6k | $22.20 |
| − Vacancy | −$2.3k | −$1.22 |
| EGI | $40.3k | $20.98 |
| − OpEx | −$12.1k | −$6.29 |
| NOI | $28.2k | $14.69 |
1,920 SF · lease $22.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$402.8K
$352.5K – $469.9K
NOI $28,196 @ 7.0% cap · market cap 4.85%
Second Best
Apartment 5plus
$361.2K
$316.0K – $421.4K
NOI $25,281 @ 7.0% cap · market cap 4.35%
Theoretical Best
Office A
$539.2K
$471.8K – $629.1K
NOI $37,743 @ 7.0% cap · market cap 6.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,051
Businesses Nearby
Explore this area
Business Placement
Demographics for 97206, OR
51,072
Population
22,348
Households
2.3
Avg Household Size
38
Median Age
49%
College-Educated
94%
High-School Grad
6.5 sq mi
ZIP Area
7,857
Density / Sq Mi
$94,233
Median Household Income
$54,254
Median Earnings
$1,693
Median Rent
$480,500
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Well-maintained 4-plex with four one-bedroom, one-bath units and on-site laundry, built in 1962.
Where is this quadplex located?
The property is located at 5730 SE CENTER St Portland, OR.
What is the asking price?
The asking price for this property is $581,000.
What are key features of this property?
This property features: Four single‑level one‑bedroom, one‑bath units; On‑site laundry plus tenant storage lockers; Baseboard heating and composition roof
