Updated Four-Unit
For Sale
$769,000
14330 SE Powell Blvd, Portland, OR 97236
Income property with sustained occupancy, recent exterior improvements, on-site laundry, and convenient access to transportation and retail services.
Property Size3,444 SF
Price / SF$223.29
Days on Market34
Property Features for 14330 SE Powell Blvd
General Information
Standard status
Active
Size
3,444 SF
Total Parking Spaces
8
Property subtype
Multi-Family
Occupancy
100%
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Multifamily Units
4
Parking per Unit
2
Amenities
laundry building
Building Details
Year Built
1967
Listing Agency:
Owl's Nest Realty
(503) 729-9477
Listed By:
Robert Thompson · License #201225247
Source:
Kingdomreal
Added: Jul 29
Changed: Aug 28
Last Checked: Aug 30 at 8:19PM
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 four-unit residential income property contains 3,444 square feet and was built in 1967. The roof and exterior paint were completed in 2023, while individual units have received work including bathroom flooring, plumbing, fixtures, and flooring. Unit 1 features new laminate flooring throughout and updated kitchen countertops. A separate laundry building serves the property, and each unit has two parking spaces in front.
The property is located at 14330 SE Powell Blvd in Portland, with access to the freeway, shopping, and a bus line. Occupancy has remained at 100% for over 10 years. City construction and sidewalk work are underway in the surrounding area.
The property is located at 14330 SE Powell Blvd in Portland, with access to the freeway, shopping, and a bus line. Occupancy has remained at 100% for over 10 years. City construction and sidewalk work are underway in the surrounding area.
Key Highlights
- Four‑unit property with 100% occupancy for over 10 years
- 3,444 square feet; built in 1967
- Roof replacement and exterior painting completed in 2023
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$47,994
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.24%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$959,880
$959.9K
Cap Rate 7%
$685,629
$685.6K
Cap Rate 9%
$533,267
$533.3K
Market Conditions
NOI Build-Up for 3,444 SF
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.
Gross rent
$72.3K $21.00/SF
− Vacancy
−$3.8K −$1.09/SF
EGI
$68.6K $19.91/SF
− OpEx
−$20.6K −$5.97/SF
NOI
$48.0K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$959,880
Cap Rate 7%
$685,629
Cap Rate 9%
$533,267
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
Property Profile
Current Use
Lease Details
4
Residential units
100%
Occupancy
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Income property with sustained occupancy, recent exterior improvements, on-site laundry, and convenient access to transportation and retail services.
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: Four‑unit property with 100% occupancy for over 10 years; 3,444 square feet; built in 1967; Roof replacement and exterior painting completed in 2023
