Newly Built
For Sale
$1,769,900
1245 Southwest Hume Court, Portland, OR 97219
Townhouse-style residences provide private patios, zoned climate control, and dedicated laundry areas.
Property Size3,784 SF
Price / SF$467.73
Days on Market211
Property Features for 1245 Southwest Hume Court
General Information
Standard status
Active
Size
3,784 SF
Property subtype
Multi Family
Zoning
R5
Units
Unit Mix
4 x 2BR/2.5BA
Multifamily Units
4
Amenities
2
Crawl Space
Concrete Perimeter
Composition
Cement Siding, Lap Siding, Panel
Building Details
Year Built
2026
Buildings
1
Listing Agency:
Keller Williams Realty Portland Premiere
Listed By:
Darryl Bodle · License #199910100
(503) 597-2444
Source:
Compass
Added: Feb 9
Changed: Aug 31
Last Checked: Aug 29 at 5:17PM
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
Investment Insights
Based on property information with market context.
Completed in 2026, this four-unit quadplex contains matching townhouse-style residences with two bedrooms and two and a half bathrooms per unit. The interiors use open great-room layouts, elevated ceilings, oversized windows, modern cabinetry, solid-surface countertops, and stainless appliance packages. Mini-split heat pumps provide zoned heating and cooling, while upper-level bedroom suites and laundry areas support everyday functionality.
Each residence opens to a private fenced patio. The rear unit also includes a larger private yard with a full lawn. A one-year builder warranty is included with the purchase. The property is located near Burlingame Park, approximately .3 miles away, and the shops, cafés, and restaurants of Multnomah Village, roughly .6 miles away. R5 zoning, composition and cement siding exteriors, and concrete perimeter construction further define the asset.
Each residence opens to a private fenced patio. The rear unit also includes a larger private yard with a full lawn. A one-year builder warranty is included with the purchase. The property is located near Burlingame Park, approximately .3 miles away, and the shops, cafés, and restaurants of Multnomah Village, roughly .6 miles away. R5 zoning, composition and cement siding exteriors, and concrete perimeter construction further define the asset.
Key Highlights
- Four‑unit quadplex completed in 2026
- Each unit includes 2 bedrooms and 2 and a half bathrooms
- Private fenced patio provided for every residence
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$55,569
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.14%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,111,380
$1.1M
Cap Rate 7%
$793,843
$793.8K
Cap Rate 9%
$617,433
$617.4K
Market Conditions
NOI Build-Up for 3,784 SF
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.
Gross rent
$84.0K $22.20/SF
− Vacancy
−$4.6K −$1.22/SF
EGI
$79.4K $20.98/SF
− OpEx
−$23.8K −$6.29/SF
NOI
$55.6K $14.69/SF
Area
ZIP 97219
Vacancy
5.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,111,380
Cap Rate 7%
$793,843
Cap Rate 9%
$617,433
Alternative Uses
Best Use
Multifamily LT 5
$793.8K
$694.6K – $926.2K
NOI $55,569 @ 7.0% cap · market cap 3.14%
Second Best
Apartment 5plus
$699.4K
$612.0K – $816.0K
NOI $48,960 @ 7.0% cap · market cap 2.77%
Theoretical Best
Office A
$1.06M
$929.8K – $1.24M
NOI $74,385 @ 7.0% cap · market cap 4.20%
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
562
Businesses Nearby
Explore this area
Business Placement
Demographics for 97219, OR
42,474
Population
18,881
Households
2.2
Avg Household Size
40
Median Age
66%
College-Educated
98%
High-School Grad
11.7 sq mi
ZIP Area
3,630
Density / Sq Mi
$115,525
Median Household Income
$59,178
Median Earnings
$1,603
Median Rent
$651,600
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Townhouse-style residences provide private patios, zoned climate control, and dedicated laundry areas.
Where is this quadplex located?
The property is located at 1245 Southwest Hume Court Portland, OR.
What is the asking price?
The asking price for this property is $1,769,900.
What are key features of this property?
This property features: Four‑unit quadplex completed in 2026; Each unit includes 2 bedrooms and 2 and a half bathrooms; Private fenced patio provided for every residence
