New Construction Four-Unit
For Sale
$1,250,000
4690 N Congress Ave, Portland, OR 97217
Four townhome-style residences feature contemporary finishes, individual outdoor areas, and efficient two-bedroom layouts.
Property Size2,700 SF
Price / SF$462.96
Days on Market83
Property Features for 4690 N Congress Ave
General Information
Standard status
Active
Size
2,700 SF
Property subtype
Multi-Family
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Building Details
Year Built
2025
Buildings
1
Listing Agency:
Kelly Right Real Estate of Portland, LLC
Listed By:
Jordan Tietz · License #201222867
(503) 719-6056
Source:
Kingdomreal
Added: Jul 17
Changed: Oct 2
Last Checked: Oct 5 at 10:16PM
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 Kelly Right Real Estate of Portland, LLC
Investment Insights
Based on property information with market context.
Completed in 2025, this Portland quadplex contains four townhome-style units, each arranged with two bedrooms and one bathroom. Interior features include high-end appliances, modern cabinetry, tile finishes, LVP flooring, tall ceilings, and abundant windows. Each residence also includes a private deck or yard, supported by the property's corner-lot configuration.
The property is located at 4690 N Congress Ave, near the Albina, Mississippi, and Williams areas. A Home Energy Score of 10 adds a documented efficiency feature to the newer construction. The four-unit layout offers a consistent configuration across the property, with each residence providing the same bedroom and bathroom count.
The property is located at 4690 N Congress Ave, near the Albina, Mississippi, and Williams areas. A Home Energy Score of 10 adds a documented efficiency feature to the newer construction. The four-unit layout offers a consistent configuration across the property, with each residence providing the same bedroom and bathroom count.
Key Highlights
- Four‑unit quadplex completed in 2025
- Each unit includes 2 bedrooms and 1 bathroom
- Corner‑lot layout provides a private deck or yard for each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,626
Cap Rate
3.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$752,520
$752.5K
Cap Rate 7%
$537,514
$537.5K
Cap Rate 9%
$418,067
$418.1K
Market Conditions
NOI Build-Up for 2,700 SF
Gross rent
$56.7K $21.00/SF
− Vacancy
−$2.9K −$1.09/SF
EGI
$53.8K $19.91/SF
− OpEx
−$16.1K −$5.97/SF
NOI
$37.6K $13.94/SF
Area
Portland, OR
Vacancy
5.20%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$752,520
Cap Rate 7%
$537,514
Cap Rate 9%
$418,067
Alternative Uses
Best Use
Multifamily LT 5
$537.5K
$470.3K – $627.1K
NOI $37,626 @ 7.0% cap · market cap 3.01%
Second Best
Apartment 5plus
$495.3K
$433.4K – $577.8K
NOI $34,668 @ 7.0% cap · market cap 2.77%
Theoretical Best
Office A
$758.2K
$663.5K – $884.6K
NOI $53,076 @ 7.0% cap · market cap 4.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
2,583
Businesses Nearby
Explore this area
Business Placement
Demographics for 97217, OR
36,086
Population
17,038
Households
2.1
Avg Household Size
38
Median Age
59%
College-Educated
96%
High-School Grad
11.1 sq mi
ZIP Area
3,251
Density / Sq Mi
$100,387
Median Household Income
$56,790
Median Earnings
$1,789
Median Rent
$569,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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?
Quadplex - Four townhome-style residences feature contemporary finishes, individual outdoor areas, and efficient two-bedroom layouts.
Where is this quadplex located?
The property is located at 4690 N Congress Ave Portland, OR.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Four‑unit quadplex completed in 2025; Each unit includes 2 bedrooms and 1 bathroom; Corner‑lot layout provides a private deck or yard for each residence
