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Brand-New Four-Unit Multifamily
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2008 SE 34th Ave, Portland, OR 97214

Newly built quadplex featuring a four-corners plan, four 2-bedroom units, and all-electric utilities.

Property Size3,920 SF
Days on Market86

Property Features for 2008 SE 34th Ave

General Information

Standard status Active
Size 3,920 SF
Property subtype Multi-Family

Additional Details

Multifamily Units 4

Building Details

Building Size 3,920 SF
Year Built 2026
Units 4
Tenancy Multi
Listing Agency: Macadam Forbes
Listed By: Cooper Collins · License ##201250793
Source: Commercialcafe
Added: Jun 25 Changed: Sep 18 Last Checked: Sep 18 at 3:51AM

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 Macadam Forbes

Investment Insights

Based on property information with market context.

Completed in 2026, this brand-new four-unit multifamily property uses a distinctive four-corners layout with each unit occupying its own corner of the lot. All four units are 2-bedroom, 1.5-bath residences (approximately 980 square feet each) finished to a high standard, including engineered hardwood floors, Carrara marble baths with heated floors, Carrara quartz countertops with full-slab backsplashes, custom cabinetry, mini-split heating and cooling, and generous attic storage. The exterior is fiber cement, and the building is served by all-electric utilities with public water and sewer.

Located in Portland’s Hawthorne/Division corridor at 2008 SE 34th Ave, the property is near dining and retail along SE Division Street and within proximity to Safeway and New Seasons Market. Sewallcrest Park is a few blocks away, and TriMet bus access is available at SE Division & 34th Ave, supporting car-free connectivity throughout the city. The listing projects $144,000 in annual gross income.

Key Highlights

  • Newly built 2026 four‑unit (quadplex) multifamily property
  • Four 2‑bedroom, 1.5‑bath units, each approx. 980 SF
  • Four‑corners floor plan with each unit occupying its own corner of the lot for privacy

Property Analytics

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Current Use

Quadplexes

Suggested Use

Top Pick Parking Lot & Garage Law Firm (Bike/Boat/Book/etc) Store HVAC Service Travel Agency Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

2,211
Businesses Nearby

Demographics for 97214, OR

28,403
Population
15,948
Households
1.8
Avg Household Size
36
Median Age
67%
College-Educated
98%
High-School Grad
2.9 sq mi
ZIP Area
9,794
Density / Sq Mi
$86,879
Median Household Income
$55,643
Median Earnings
$1,628
Median Rent
$733,200
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Quadplex - Newly built quadplex featuring a four-corners plan, four 2-bedroom units, and all-electric utilities.
Where is this quadplex located?
The property is located at 2008 SE 34th Ave Portland, OR.
What are key features of this property?
This property features: Newly built 2026 four‑unit (quadplex) multifamily property; Four 2‑bedroom, 1.5‑bath units, each approx. 980 SF; Four‑corners floor plan with each unit occupying its own corner of the lot for privacy
More about this property
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