12-Unit Apartment
For Sale
$1,849,000
824 SE 30TH Ave, Portland, OR 97214
MULTI_FAMILY - Portland, OR
Property Size6,538 SF
Lot Size0.10 Acres
Price / SF$282.81
Days on Market198
Property Features for 824 SE 30TH Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RM2
Bedrooms
7
Bathrooms
10
Full bathrooms
10
Rooms
Bedroom 6, Bathroom 4, Bathroom 5, Bedroom 5, Bedroom 1, Bathroom 10, Bedroom 2, Bathroom 9, Bathroom 8, Bathroom 6, Bedroom 4, Bathroom 7, Bedroom 7, Bathroom 1, Bathroom 3, Bedroom 3, Bathroom 2
Elementary school
Sunnyside Env
Middle school
Sunnyside Env
High school
Franklin
Directions
1-5 to east on Belmont and right on 30th
Subdivision
_143
Standard status
Active
APN
R280460
Size
6,538 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Description
SUNNYSIDE & PLAT 2 & 3, BLOCK 15, N 11 2/3' OF LOT 2, LOT 3
Tax Annual Amount
18453
Legal Description
SUNNYSIDE & PLAT 2 & 3, BLOCK 15, N 11 2/3' OF LOT 2, LOT 3
Utilities
Heating system
Forced Air
Building Details
Year built
1914
Number of units
12
Listing Agency:
RE/MAX Equity Group · RE/MAX International
(503) 287-8989
Listed By:
Kristen Dozono · License #201209826
(503) 939-7989
Added: Jan 16
Changed: Aug 2
Last Checked: Aug 2 at 7:06PM
MLS# 186946961
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 12-unit apartment building offers hardwood floors and classic character, with forced-air heating. The property was built in 1914 and sits on a 0.1-acre lot, totaling 6,538 square feet.
Located at 824 SE 30th Ave in Portland’s Belmont-Hawthorne neighborhood, the building is positioned for everyday access to local retail and services. Public remarks indicate stable tenants.
For buyers looking for a multifamily asset with long-standing construction and interior hardwood features, this property’s configuration and existing tenancy may offer a straightforward basis for underwriting and planning next steps.
Located at 824 SE 30th Ave in Portland’s Belmont-Hawthorne neighborhood, the building is positioned for everyday access to local retail and services. Public remarks indicate stable tenants.
For buyers looking for a multifamily asset with long-standing construction and interior hardwood features, this property’s configuration and existing tenancy may offer a straightforward basis for underwriting and planning next steps.
Key Highlights
- 12‑unit apartment building
- RM2 zoning
- Hardwood floors
Financial Insights For Apartment 5plus
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 | $160.8k | $24.60 |
| − Vacancy | −$8.2k | −$1.25 |
| EGI | $152.6k | $23.35 |
| − OpEx | −$68.7k | −$10.51 |
| NOI | $83.9k | $12.84 |
6,538 SF · lease $24.60/SF/yr · vacancy 5.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.20M
$1.05M – $1.40M
NOI $83,948 @ 7.0% cap · market cap 4.54%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.84M
$1.61M – $2.14M
NOI $128,522 @ 7.0% cap · market cap 6.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
12
Residential units
Location Intelligence
Trade Area within ½ mile
2,393
Businesses Nearby
Explore this area
Business Placement
Demographics for 97214, OR
28,403
Population
15,948
Households
1.8
Avg Household Size
36
Median Age
67%
College-Educated
98%
High-School Grad
2.9 sq mi
ZIP Area
9,794
Density / Sq Mi
$86,879
Median Household Income
$55,643
Median Earnings
$1,628
Median Rent
$733,200
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?
Apartment building - RM2 zoned 12-unit apartment building with forced-air heating and hardwood floors.
Where is this apartment building located?
The property is located at 824 SE 30TH Ave Portland, OR.
What is the asking price?
The asking price for this property is $1,849,000.
What are key features of this property?
This property features: 12‑unit apartment building; RM2 zoning; Hardwood floors
