Four-Unit Quadplex with
1346 SE 43RD Ave, Portland, OR 97215
For Sale
$669,000
MultiFamily, Portland, OR
Property Size3,616 SF
Lot Size0.11 Acres
Price / SF$185.01
Days on Market121
Property Features for 1346 SE 43RD Ave
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Subdivision
View
Elementary school
Middle school
High school
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Amenities
covered deck
direct driveway and yard access
common area storage
laundry
Building Details
Year built
Floors in Building
Number of units
Roof type
Buildings
Listing Agency:
CORE, Realtors
(971) 271-7174
Listed By:
Conor Finlay
(503) 545-7935
Added: Jul 17
Changed: Oct 25
Last Checked: Nov 14 at 12:06AM
MLS# 485709640
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.
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Investment Insights
Based on property information with market context.
This four-unit residential property at 1346 SE 43RD Ave contains 3,616 square feet on a 0.11-acre lot. Built in 1910, the building has four bedrooms and four bathrooms, a composition roof, and the character of an early-era Portland residence. The upper units include covered deck areas, while the lower units connect directly to the driveway and yard.
A full basement provides shared storage and laundry facilities. The property also includes a small backyard and off-street parking. Located in east Hawthorne, it is near food, beverage, and shopping options. The property is zoned R2.5 and is identified as a quadplex.
A full basement provides shared storage and laundry facilities. The property also includes a small backyard and off-street parking. Located in east Hawthorne, it is near food, beverage, and shopping options. The property is zoned R2.5 and is identified as a quadplex.
Key Highlights
- Four‑unit property with 3,616 square feet on a 0.11‑acre lot
- Built in 1910 with a composition roof
- Upper two units include covered decks
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,391
Cap Rate
7.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,007,820
$1.0M
Cap Rate 7%
$719,871
$719.9K
Cap Rate 9%
$559,900
$559.9K
Market Conditions
NOI Build-Up for 3,616 SF
Gross rent
$75.9K $21.00/SF
− Vacancy
−$3.9K −$1.09/SF
EGI
$72.0K $19.91/SF
− OpEx
−$21.6K −$5.97/SF
NOI
$50.4K $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%
$1,007,820
Cap Rate 7%
$719,871
Cap Rate 9%
$559,900
Alternative Uses
Best Use
Multifamily LT 5
$719.9K
$629.9K – $839.9K
NOI $50,391 @ 7.0% cap · market cap 7.53%
Second Best
Apartment 5plus
$663.3K
$580.4K – $773.8K
NOI $46,429 @ 7.0% cap · market cap 6.94%
Theoretical Best
Office A
$1.02M
$888.5K – $1.18M
NOI $71,082 @ 7.0% cap · market cap 10.63%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,344
Businesses Nearby
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Business Placement
Demographics for 97215, OR
18,221
Population
7,855
Households
2.3
Avg Household Size
40
Median Age
64%
College-Educated
97%
High-School Grad
2.3 sq mi
ZIP Area
7,922
Density / Sq Mi
$114,361
Median Household Income
$62,704
Median Earnings
$1,587
Median Rent
$658,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Quadplexes in Portland, OR
Properties on Market for Quadplexes in Portland
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Four residential units offer generous layouts, private-access features, outdoor space, and shared basement storage and laundry.
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 $669,000.
What are key features of this property?
This property features: Four‑unit property with 3,616 square feet on a 0.11‑acre lot; Built in 1910 with a composition roof; Upper two units include covered decks
