Single-Level
For Sale
$595,000
7552 N Gilbert Ave, Portland, OR 97203
Three residential units offer a five-bedroom mix with one home currently available for occupancy.
Property Size2,312 SF
Price / SF$257.35
Days on Market45
Property Features for 7552 N Gilbert Ave
General Information
Standard status
Active
Size
2,312 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
3
Additional Details
Public Transit
Yes
Building Details
Year Built
1976
Buildings
1
Stories
1
Listing Agency:
Keller Williams Realty Portland Premiere
Listed By:
Tim Hyun
(971) 330-0070
Source:
Apexgroupnw
Added: Aug 23
Changed: Oct 5
Last Checked: Oct 5 at 8:15PM
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.
Built in 1976, this single-level triplex contains 2,312 square feet across three residential units, with five bedrooms and three full bathrooms. The two larger homes each provide two bedrooms and one bathroom in approximately 848 square feet, while the third unit includes one bedroom, one bathroom, and approximately 616 square feet. Both end units are occupied by long-term tenants, and the center residence is vacant and available to tour.
Recent interior updates include new flooring and fresh paint throughout the units. The roof was installed in 2019, and the vacant residence has a new water heater and refrigerator. A washer and dryer are included. The property is near North Lombard Street shopping, dining, and public transit in Portland.
Recent interior updates include new flooring and fresh paint throughout the units. The roof was installed in 2019, and the vacant residence has a new water heater and refrigerator. A washer and dryer are included. The property is near North Lombard Street shopping, dining, and public transit in Portland.
Key Highlights
- 2,312‑square‑foot triplex with three units, five bedrooms, and three full bathrooms
- Unit mix includes two 2‑bedroom residences and one 1‑bedroom residence
- Both end units have long‑term tenants; middle unit is vacant and available to tour
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,219
Cap Rate
5.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$644,380
$644.4K
Cap Rate 7%
$460,271
$460.3K
Cap Rate 9%
$357,989
$358.0K
Market Conditions
NOI Build-Up for 2,312 SF
Gross rent
$48.6K $21.00/SF
− Vacancy
−$2.5K −$1.09/SF
EGI
$46.0K $19.91/SF
− OpEx
−$13.8K −$5.97/SF
NOI
$32.2K $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%
$644,380
Cap Rate 7%
$460,271
Cap Rate 9%
$357,989
Alternative Uses
Best Use
Multifamily LT 5
$460.3K
$402.7K – $537.0K
NOI $32,219 @ 7.0% cap · market cap 5.41%
Second Best
Apartment 5plus
$424.1K
$371.1K – $494.8K
NOI $29,686 @ 7.0% cap · market cap 4.99%
Theoretical Best
Office A
$649.3K
$568.1K – $757.5K
NOI $45,449 @ 7.0% cap · market cap 7.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
492
Businesses Nearby
Explore this area
Business Placement
Demographics for 97203, OR
33,763
Population
13,462
Households
2.5
Avg Household Size
34
Median Age
45%
College-Educated
90%
High-School Grad
10.8 sq mi
ZIP Area
3,126
Density / Sq Mi
$77,619
Median Household Income
$46,152
Median Earnings
$1,551
Median Rent
$468,600
Median Home Value
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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 residential units offer a five-bedroom mix with one home currently available for occupancy.
Where is this triplex located?
The property is located at 7552 N Gilbert Ave Portland, OR.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: 2,312‑square‑foot triplex with three units, five bedrooms, and three full bathrooms; Unit mix includes two 2‑bedroom residences and one 1‑bedroom residence; Both end units have long‑term tenants; middle unit is vacant and available to tour
