Remodeled Triplex With Separate
For Sale
$724,999
1326 SW 12TH AVE, Portland, OR 97201
Three-unit property with mixed residential and commercial zoning, rear parking, and a large laundry room.
Property Size3,376 SF
Days on Market60
Property Features for 1326 SW 12TH AVE
General Information
Standard status
Active
Size
3,376 SF
Property subtype
MULTI_FAMILY
Taxes and HOA fees
Annual Taxes
$7,979
Building Details
Building Size
3,376 SF
Year Built
1890
Listing Agency:
Realty One Group Pacifica
Listed By:
Sandeep Sagar
(503) 864-7664
Source:
Eleeterealestate
Added: Aug 11
Changed: Oct 8
Last Checked: Oct 7 at 6:11PM
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 Realty One Group Pacifica
Investment Insights
Based on property information with market context.
This 1890-built triplex contains three units, each accessed through its own entrance. Recent improvements include a new roof, energy-efficient heat pumps, gutters, updated plumbing, water-resistant flooring, interior paint, and replacement cabinets. A large laundry room includes a washer and dryer, while the rear area accommodates parking for 4 to 5 cars.
The property is located in downtown Portland near Portland State University, transit, restaurants, and shopping. Zoning is identified as residential and commercial, with the RXd designation supporting high-density multi-dwelling development. The source information also identifies potential for office use, subject to buyer due diligence and applicable requirements.
The property is located in downtown Portland near Portland State University, transit, restaurants, and shopping. Zoning is identified as residential and commercial, with the RXd designation supporting high-density multi-dwelling development. The source information also identifies potential for office use, subject to buyer due diligence and applicable requirements.
Key Highlights
- Three units with separate entrances
- 1890‑built property with new roof, heat pumps, gutters, and updated plumbing
- Interior updates include water‑resistant flooring, paint, and cabinets
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,047
Cap Rate
6.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$940,940
$940.9K
Cap Rate 7%
$672,100
$672.1K
Cap Rate 9%
$522,744
$522.7K
Market Conditions
NOI Build-Up for 3,376 SF
Gross rent
$70.9K $21.00/SF
− Vacancy
−$3.7K −$1.09/SF
EGI
$67.2K $19.91/SF
− OpEx
−$20.2K −$5.97/SF
NOI
$47.0K $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%
$940,940
Cap Rate 7%
$672,100
Cap Rate 9%
$522,744
Alternative Uses
Best Use
Multifamily LT 5
$672.1K
$588.1K – $784.1K
NOI $47,047 @ 7.0% cap · market cap 6.49%
Second Best
Apartment 5plus
$619.3K
$541.9K – $722.5K
NOI $43,348 @ 7.0% cap · market cap 5.98%
Theoretical Best
Office A
$948.1K
$829.6K – $1.11M
NOI $66,364 @ 7.0% cap · market cap 9.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
9,138
Businesses Nearby
Explore this area
Business Placement
Demographics for 97201, OR
17,352
Population
10,748
Households
1.6
Avg Household Size
34
Median Age
67%
College-Educated
95%
High-School Grad
1.9 sq mi
ZIP Area
9,133
Density / Sq Mi
$67,074
Median Household Income
$48,101
Median Earnings
$1,565
Median Rent
$648,400
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
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Frequently Asked Questions
What type of property is this?
Triplex - Three-unit property with mixed residential and commercial zoning, rear parking, and a large laundry room.
Where is this triplex located?
The property is located at 1326 SW 12TH AVE Portland, OR.
What is the asking price?
The asking price for this property is $724,999.
What are key features of this property?
This property features: Three units with separate entrances; 1890‑built property with new roof, heat pumps, gutters, and updated plumbing; Interior updates include water‑resistant flooring, paint, and cabinets
