16-Unit Apartment
New
For Sale
$3,049,900
11 NE 55th Ave, Portland, OR 97213
Completed in 2025, the property has contemporary interiors, controlled entry, and shared common areas.
Property Size9,647 SF
Price / SF$316.15
Days on Market3
Property Features for 11 NE 55th Ave
General Information
Standard status
Active
Size
9,647 SF
Property subtype
Multi Family Home
Zoning
CM2
Site & Location
Neighborhood
North Tabor
Public Transit
Yes
Additional Details
Multifamily Units
16
Amenities
secure entry
Building Details
Building Size
9,647 SF
Year Built
2025
Buildings
1
Stories
3
Units
16
Listing Agency:
Keller Williams Realty Portland Premiere
Listed By:
Darryl Bodle · License #199910100
(503) 709-4632
Source:
Duanejohnson
Added: Oct 22
Changed: Oct 23
Last Checked: Oct 23 at 4:32PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty Portland Premiere
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Investment Insights
Based on property information with market context.
This 16-unit apartment property contains 9,647 square feet and was completed in 2025. Contemporary interior finishes, secure entry, and maintained common areas are among its stated building features. The property is zoned CM2.
The Portland address is near MAX light rail and Providence Portland Medical Center. Nearby businesses named in the property information include Tabor Bread and Coquine, with Montavilla dining and shopping also identified in the surrounding area.
The Portland address is near MAX light rail and Providence Portland Medical Center. Nearby businesses named in the property information include Tabor Bread and Coquine, with Montavilla dining and shopping also identified in the surrounding area.
Key Highlights
- 16 apartment units
- 9,647 square feet
- Built in 2025
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$123,867
Cap Rate
4.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,477,340
$2.5M
Cap Rate 7%
$1,769,529
$1.8M
Cap Rate 9%
$1,376,300
$1.4M
Market Conditions
NOI Build-Up for 9,647 SF
Gross rent
$237.3K $24.60/SF
− Vacancy
−$12.1K −$1.25/SF
EGI
$225.2K $23.35/SF
− OpEx
−$101.3K −$10.51/SF
NOI
$123.9K $12.84/SF
Area
Portland, OR
Vacancy
5.10%
Lease Rate
$24.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,477,340
Cap Rate 7%
$1,769,529
Cap Rate 9%
$1,376,300
Alternative Uses
Best Use
Apartment 5plus
$1.77M
$1.55M – $2.06M
NOI $123,867 @ 7.0% cap · market cap 4.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.71M
$2.37M – $3.16M
NOI $189,638 @ 7.0% cap · market cap 6.22%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
16
Residential units
Location Intelligence
Trade Area within ½ mile
2,453
Businesses Nearby
Explore this area
Business Placement
Demographics for 97213, OR
31,260
Population
14,971
Households
2.1
Avg Household Size
40
Median Age
61%
College-Educated
95%
High-School Grad
4.0 sq mi
ZIP Area
7,815
Density / Sq Mi
$95,801
Median Household Income
$56,941
Median Earnings
$1,490
Median Rent
$609,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Completed in 2025, the property has contemporary interiors, controlled entry, and shared common areas.
Where is this apartment building located?
The property is located at 11 NE 55th Ave Portland, OR.
What is the asking price?
The asking price for this property is $3,049,900.
What are key features of this property?
This property features: 16 apartment units; 9,647 square feet; Built in 2025
