Renovated 4-Plex Residential
For Sale
$875,000
4724 NE 101ST AVE, Portland, OR 97220
Fully rented 4-plex built in 2005 and renovated in 2014, offering 2-bedroom, 2-bath units with washer/dryer hookups.
Property Size4,320 SF
Price / SF$202.55
Days on Market579
Property Features for 4724 NE 101ST AVE
General Information
Standard status
Active
Size
4,320 SF
Property subtype
Multi-Family
Occupancy
100%
Additional Details
Multifamily Units
4
Building Details
Year Built
2005
Year Renovated
2014
Tenancy
Multi
Listing Agency:
All Professionals Real Estate
(503) 679-1893
Listed By:
Charles "Bud" Garrison
(503) 679-1893
Source:
Premierepropertygroup
Added: Jan 1, 2025
Changed: Jul 20
Last Checked: Aug 2 at 4:10AM
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 All Professionals Real Estate
Investment Insights
Based on property information with market context.
This fully rented 4-plex features four 2-bedroom, 2-bath units. Each unit includes a living area, a washer and dryer hookup closet, and a storage room. The bottom units have fenced backyards, while the upstairs units offer front and back balconies.
Built in 2005 and renovated throughout in 2014, the property is set up as a straightforward residential income asset. Offers are to be contingent on an interior inspection, and tenants should not be disturbed.
Each unit’s consistent layout and included in-unit hookups support day-to-day occupancy, with outdoor space differences between the bottom and upstairs units.
Built in 2005 and renovated throughout in 2014, the property is set up as a straightforward residential income asset. Offers are to be contingent on an interior inspection, and tenants should not be disturbed.
Each unit’s consistent layout and included in-unit hookups support day-to-day occupancy, with outdoor space differences between the bottom and upstairs units.
Key Highlights
- Fully rented 4‑plex built in 2005 and renovated throughout in 2014
- 4 units total, each with 2 bedrooms and 2 full baths
- Unit rents: $1,560 (Unit 1), $1,550 (Unit 2), $1,520 (Unit 3), $1,530 (Unit 4)
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 | $90.7k | $21.00 |
| − Vacancy | −$4.7k | −$1.09 |
| EGI | $86.0k | $19.91 |
| − OpEx | −$25.8k | −$5.97 |
| NOI | $60.2k | $13.94 |
4,320 SF · lease $21.00/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$860.0K
$752.5K – $1.00M
NOI $60,202 @ 7.0% cap · market cap 6.88%
Second Best
Apartment 5plus
$792.4K
$693.4K – $924.5K
NOI $55,469 @ 7.0% cap · market cap 6.34%
Theoretical Best
Office A
$1.21M
$1.06M – $1.42M
NOI $84,921 @ 7.0% cap · market cap 9.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
720
Businesses Nearby
Explore this area
Business Placement
Demographics for 97220, OR
29,357
Population
12,177
Households
2.4
Avg Household Size
39
Median Age
35%
College-Educated
88%
High-School Grad
7.5 sq mi
ZIP Area
3,914
Density / Sq Mi
$68,976
Median Household Income
$41,696
Median Earnings
$1,412
Median Rent
$427,700
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 - Fully rented 4-plex built in 2005 and renovated in 2014, offering 2-bedroom, 2-bath units with washer/dryer hookups.
Where is this quadplex located?
The property is located at 4724 NE 101ST AVE Portland, OR.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Fully rented 4‑plex built in 2005 and renovated throughout in 2014; 4 units total, each with 2 bedrooms and 2 full baths; Unit rents: $1,560 (Unit 1), $1,550 (Unit 2), $1,520 (Unit 3), $1,530 (Unit 4)
