Updated Fourplex with
For Sale
$769,000
14330 SE Powell Blvd, Portland, OR 97236
Four units are 100% occupied; roof and exterior paint were completed in 2023, with ongoing unit updates.
Days on Market12
Property Features for 14330 SE Powell Blvd
General Information
Standard status
Active
Total Parking Spaces
8
Property subtype
Multi Family Home
Occupancy
100%
Additional Details
Highway Access
Yes
Multifamily Units
4
Amenities
laundry building
Building Details
Building Size
3,444 SF
Year Built
1967
Tenancy
Multi
Listing Agency:
Owl's Nest Realty
(503) 729-9477
Listed By:
Robert Thompson · License #201225247
(503) 729-9477
Source:
Allprofessionalsre
Added: Jul 22
Changed: Jul 25
Last Checked: Aug 1 at 12:51PM
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 Owl's Nest Realty
Investment Insights
Based on property information with market context.
This fourplex is fully leased, with 100% occupancy maintained for over 10 years. Recent capital improvements include a roof replacement in 2023 and exterior painting completed in 2023. Additional work has been performed across individual units, including updates to bathroom floors, plumbing, and bathroom fixtures and floors. Unit #1 features brand new laminate flooring throughout and new countertops in the kitchen.
The property provides two parking spaces in front of each unit and includes a separate laundry building at the back of the site. It is described as convenient to the freeway, shopping, and a bus line, and the seller notes ongoing city work related to sidewalks.
There may also be a potentially buildable area at the front of the building for an additional unit, subject to applicable city requirements.
The property provides two parking spaces in front of each unit and includes a separate laundry building at the back of the site. It is described as convenient to the freeway, shopping, and a bus line, and the seller notes ongoing city work related to sidewalks.
There may also be a potentially buildable area at the front of the building for an additional unit, subject to applicable city requirements.
Key Highlights
- Fourplex with 4 units at 100% occupancy for over 10 years
- Roof (2023) and exterior paint (2023)
- Ongoing unit updates include bathroom floors, plumbing, bathroom fixtures, and floors (details available)
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 | $72.3k | $21.00 |
| − Vacancy | −$3.8k | −$1.09 |
| EGI | $68.6k | $19.91 |
| − OpEx | −$20.6k | −$5.97 |
| NOI | $48.0k | $13.94 |
3,444 SF · lease $21.00/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$685.6K
$599.9K – $799.9K
NOI $47,994 @ 7.0% cap · market cap 6.24%
Second Best
Apartment 5plus
$631.7K
$552.8K – $737.0K
NOI $44,221 @ 7.0% cap · market cap 5.75%
Theoretical Best
Office A
$967.2K
$846.3K – $1.13M
NOI $67,701 @ 7.0% cap · market cap 8.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
398
Businesses Nearby
Explore this area
Business Placement
Demographics for 97236, OR
40,193
Population
13,736
Households
2.9
Avg Household Size
36
Median Age
21%
College-Educated
81%
High-School Grad
7.7 sq mi
ZIP Area
5,220
Density / Sq Mi
$68,582
Median Household Income
$38,131
Median Earnings
$1,436
Median Rent
$414,400
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Quadplex - Four units are 100% occupied; roof and exterior paint were completed in 2023, with ongoing unit updates.
Where is this quadplex located?
The property is located at 14330 SE Powell Blvd Portland, OR.
What is the asking price?
The asking price for this property is $769,000.
What are key features of this property?
This property features: Fourplex with 4 units at 100% occupancy for over 10 years; Roof (2023) and exterior paint (2023); Ongoing unit updates include bathroom floors, plumbing, bathroom fixtures, and floors (details available)
