Queen Anne Victorian
1842-1848 Southeast Ankeny Street Portland, OR 97214
1842-1848 Southeast Ankeny Street, Portland, OR, 97214
$950,000
For Sale
$950,000
Rare, beautiful 4-plex in SE Portland with architectural details.
Property Size4,063 SF
Price / SF$233.82
Days on Market132
Property Features for 1842-1848 Southeast Ankeny Street
General Information
- Standard status
- Active
- Size
- 4,063 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1884
Listing Agency
Rarebird Real Estate
(971) 273-5547
Listed by
Benjamin Ficker · License #200412166
(971) 273-5547
Source
Compass
Added: Mar 7 Checked: Jul 17 at 5:40 am
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 Rarebird Real Estate
Investment Insights
Based on property information with market context.
This rare and beautiful Queen Anne Victorian 4-plex is located in Southeast Portland on the Ankeny greenway bike path. The property features recent structural upgrades and a newer roof. Architectural details enhance the building's character. Select units include hardwood floors, built-ins, and modern quartz counters, as well as gas ranges. A zen-like garden complements the property. Coin-operated laundry and storage are available. The property size is 4063 square feet. There is potential for increased rental income.
Key Highlights
- Rare Queen Anne Victorian 4‑Plex in desirable SE location on Ankeny greenway bike path.
- Recent structural upgrades and newer roof.
- Upside in rents.
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 | $85.3k | $21.00 |
| − Vacancy | −$4.4k | −$1.09 |
| EGI | $80.9k | $19.91 |
| − OpEx | −$24.3k | −$5.97 |
| NOI | $56.6k | $13.94 |
4,063 SF · lease $21.00/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$808.9K
$707.8K – $943.7K
NOI $56,620 @ 7.0% cap · market cap 5.96%
Second Best
Apartment 5plus
$745.3K
$652.1K – $869.5K
NOI $52,169 @ 7.0% cap · market cap 5.49%
Theoretical Best
Office A
$1.14M
$998.4K – $1.33M
NOI $79,869 @ 7.0% cap · market cap 8.41%
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 - Rare, beautiful 4-plex in SE Portland with architectural details.
Where is this quadplex located?
The property is located at 1842-1848 Southeast Ankeny Street Portland, OR.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Rare Queen Anne Victorian 4‑Plex in desirable SE location on Ankeny greenway bike path.; Recent structural upgrades and newer roof.; Upside in rents.
