Four-Unit Residential Income
1346 SE 43RD Ave Portland, OR 97215
New
1346 SE 43RD Ave, Portland, OR, 97215
$675,000
For Sale
$675,000
MULTI_FAMILY - Portland, OR
Property Size3,616 SF
Lot Size0.11 Acres
Price / SF$186.67
Days on Market4
Property Features for 1346 SE 43RD Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R2.5
- Bedrooms
- 4
- Bathrooms
- 4
- Rooms
- Bedroom 4, Bathroom 1, Bathroom 2, Bedroom 3, Bedroom 1, Bedroom 2, Bathroom 3, Bathroom 4
- Standard status
- Active
- APN
- R249718
- Size
- 3,616 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Description
- POWERS TR, BLOCK 4, LOT 5, N 4' OF LOT 6
- Tax Annual Amount
- 13033
Building Details
- Year built
- 1910
- Floors in Building
- 2
- Number of units
- 4
- Roof type
- Composition
Listing Agency
CORE, Realtors
(971) 271-7174
4808 SW Scholls Ferry Rd, Portland, OR
Listed by
Conor Finlay · License #201217057
(503) 545-7935
Added: Jul 17 Checked: Jul 20 at 4:06 pm
MLS# 485709640
Listing URL
Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This four-unit residential income property dates to 1910 and offers a neat back yard, plus some off-street parking. The upper two units feature a covered deck, while the lower units have direct driveway and yard access. A full basement supports common-area storage and includes laundry.
Located in Portland at 1346 SE 43rd Ave, the property is described as well positioned in the heart of east Hawthorne, with many nearby walk-through options for food and drink and shopping. The property is zoned R2.5.
The building’s layout provides multiple practical entries and outdoor access points across the units, while the basement helps support day-to-day operations with shared storage and laundry facilities.
Located in Portland at 1346 SE 43rd Ave, the property is described as well positioned in the heart of east Hawthorne, with many nearby walk-through options for food and drink and shopping. The property is zoned R2.5.
The building’s layout provides multiple practical entries and outdoor access points across the units, while the basement helps support day-to-day operations with shared storage and laundry facilities.
Key Highlights
- 1910‑built 4‑unit property in the heart of east Hawthorne
- Roof is composition
- Full basement with common area storage and laundry
Local 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 | $75.9k | $21.00 |
| − Vacancy | −$3.9k | −$1.09 |
| EGI | $72.0k | $19.91 |
| − OpEx | −$21.6k | −$5.97 |
| NOI | $50.4k | $13.94 |
3,616 SF · lease $21.00/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$719.9K
$629.9K – $839.9K
NOI $50,391 @ 7.0% cap · market cap 7.47%
Second Best
Apartment 5plus
$663.3K
$580.4K – $773.8K
NOI $46,429 @ 7.0% cap · market cap 6.88%
Theoretical Best
Office A
$1.02M
$888.5K – $1.18M
NOI $71,082 @ 7.0% cap · market cap 10.53%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Four units with yard access, covered deck, and a full basement offering storage and laundry common areas.
Where is this quadplex located?
The property is located at 1346 SE 43RD Ave Portland, OR.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: 1910‑built 4‑unit property in the heart of east Hawthorne; Roof is composition; Full basement with common area storage and laundry
