Multifamily Building with Updated
For Sale
$2,875,000
9757 SE HOLGATE BLVD, Portland, OR 97266
Granite countertops, stainless steel appliances, and laminate flooring feature in the units.
Property Size10,603 SF
Price / SF$271.15
Days on Market659
Property Features for 9757 SE HOLGATE BLVD
General Information
Standard status
Active
Size
10,603 SF
Property subtype
MULTI_FAMILY
Occupancy
100%
Site & Location
Neighborhood
Lents/Powellhurst-Gilbert
Public Transit
Yes
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$23,712
Building Details
Building Size
10,603 SF
Year Built
2021
Listing Agency:
Windermere Community Realty
Listed By:
Tim Wei · License #930400088
(503) 349-1981
Source:
Hustlehearthomes
Added: Jan 13, 2025
Changed: Nov 2
Last Checked: Oct 31 at 8:42PM
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 Windermere Community Realty
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Investment Insights
Based on property information with market context.
Completed in 2021, this 10,603-square-foot multifamily building features granite countertops, stainless steel appliances, and laminate flooring. The listing reports the units as rented or in leasing; interior condition is subject to inspection.
Residents pay their own utility costs. The owner handles landscaping and recycling and garbage service. The property is near a bus line and transit center.
Residents pay their own utility costs. The owner handles landscaping and recycling and garbage service. The property is near a bus line and transit center.
Key Highlights
- 10,603‑square‑foot multifamily building completed in 2021
- Units feature granite countertops, stainless steel appliances, and laminate flooring
- Near a bus line and transit center
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$136,142
Cap Rate
4.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,722,840
$2.7M
Cap Rate 7%
$1,944,886
$1.9M
Cap Rate 9%
$1,512,689
$1.5M
Market Conditions
NOI Build-Up for 10,603 SF
Gross rent
$260.8K $24.60/SF
− Vacancy
−$13.3K −$1.25/SF
EGI
$247.5K $23.35/SF
− OpEx
−$111.4K −$10.51/SF
NOI
$136.1K $12.84/SF
Area
Portland, OR
Vacancy
5.10%
Lease Rate
$24.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,722,840
Cap Rate 7%
$1,944,886
Cap Rate 9%
$1,512,689
Alternative Uses
Best Use
Apartment 5plus
$1.94M
$1.70M – $2.27M
NOI $136,142 @ 7.0% cap · market cap 4.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.98M
$2.61M – $3.47M
NOI $208,431 @ 7.0% cap · market cap 7.25%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
378
Businesses Nearby
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Business Placement
Demographics for 97266, OR
36,095
Population
13,863
Households
2.6
Avg Household Size
37
Median Age
29%
College-Educated
85%
High-School Grad
6.1 sq mi
ZIP Area
5,917
Density / Sq Mi
$71,791
Median Household Income
$39,856
Median Earnings
$1,532
Median Rent
$420,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Multifamily property - Granite countertops, stainless steel appliances, and laminate flooring feature in the units.
Where is this multifamily property located?
The property is located at 9757 SE HOLGATE BLVD Portland, OR.
What is the asking price?
The asking price for this property is $2,875,000.
What are key features of this property?
This property features: 10,603‑square‑foot multifamily building completed in 2021; Units feature granite countertops, stainless steel appliances, and laminate flooring; Near a bus line and transit center
