Newer Multifamily Property in
9757 SE HOLGATE Blvd Portland, OR 97266
For Sale
$2,875,000
MULTI_FAMILY - Portland, OR
Property Size10,603 SF
Lot Size0.21 Acres
Price / SF$271.15
Days on Market559
Property Features for 9757 SE HOLGATE Blvd
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R2.5
- Bedrooms
- 16
- Bathrooms
- 10
- Rooms
- Bathroom 4, Bathroom 7, Bathroom 1, Bathroom 9, Bedroom 8, Bedroom 9, Bedroom 7, Bedroom 6, Bedroom 4, Bathroom 3, Bedroom 2, Bathroom 6, Bathroom 10, Bedroom 15, Bedroom 14, Bedroom 10, Bedroom 5, Bathroom 8, Bathroom 2, Bathroom 5, Bedroom 16, Bedroom 13, Bedroom 3, Bedroom 1, Bedroom 12, Bedroom 11
- Standard status
- Active
- APN
- R308222
- Size
- 10,603 SF
- Lot size
- 0.21 Acres
Taxes and HOA fees
- Tax Description
- WILLARDS ADD, BLOCK 3, LOT 5 EXC PT IN ST
- Tax Annual Amount
- 23713
Utilities
- Heating system
- Zoned
Building Details
- Year built
- 2021
- Floors in Building
- 3
- Number of units
- 12
- Roof type
- Composition
Listing Agency:
Windermere Community Realty
(503) 249-1706
Listed By:
Tim Wei · License #930400088
(503) 349-1981
Added: Jan 13, 2025
Changed: Jul 9
Last Checked: Jul 26 at 7:06AM
MLS# 490880303
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.
Constructed in 2021, this multifamily property features fully rented units. Each unit includes slab granite countertops, stainless steel appliances, and laminate flooring. The property is located near a bus line and transit center. Tenants are responsible for their own utility expenses, while the owner maintains landscaping and waste disposal services. The building is situated on a 0.21-acre lot and has a total area of 10,603 square feet. The zoning is R2.5. Note that interior pictures were taken when the building was completed in late 2021.
Key Highlights
- Built in 2021 with zoned heating and a composition roof
- All units are currently rented/leasing
- Interiors feature slab granite countertops, stainless steel appliances, and laminate flooring
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 | $260.8k | $24.60 |
| − Vacancy | −$13.3k | −$1.25 |
| EGI | $247.5k | $23.35 |
| − OpEx | −$111.4k | −$10.51 |
| NOI | $136.1k | $12.84 |
10,603 SF · lease $24.60/SF/yr · vacancy 5.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.94M
$1.70M – $2.27M
NOI $136,142 @ 7.0% cap · market cap 4.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.98M
$2.61M – $3.47M
NOI $208,431 @ 7.0% cap · market cap 7.25%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Willard Apartment
Apartment Building
Willard Apartments
Apartment Complex
FAQs
What type of property is this?
Apartment building - Built in 2021, fully rented units near transit.
Where is this apartment building located?
The property is located at 9757 SE HOLGATE Blvd Portland, OR.
What is the asking price?
The asking price for this property is $2,875,000.
What are key features of this property?
This property features: Built in 2021 with zoned heating and a composition roof; All units are currently rented/leasing; Interiors feature slab granite countertops, stainless steel appliances, and laminate flooring
