Multifamily
2106 NE SARATOGA St, Portland, OR 97211
For Sale
$599,000
MultiFamily, Portland, OR
Property Size2,692 SF
Lot Size0.14 Acres
Price / SF$222.51
Days on Market79
Property Features for 2106 NE SARATOGA St
General Information
Property type
Property subtype
Zoning
Elementary school
Middle school
High school
Directions
Subdivision
Special listing conditions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Utilities
Heating system
Cooling system
Building Details
Year built
Floors in Building
Roof type
Listing Agency:
RE/MAX Integrity · RE/MAX International
(541) 345-8100
Listed By:
David Smid · License #200404377
(541) 517-3266
Added: Aug 20
Changed: Nov 4
Last Checked: Nov 6 at 8:06PM
MLS# 315546016
Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Located at 2106 NE Saratoga St in Portland, this multifamily property contains 2,692 square feet on a 0.14-acre lot. Built in 1914, it is zoned R and has a composition roof, ductless and forced-air heating, and heat-pump cooling. The home is described as needing work, with most of the identified repair needs in the lower level.
Key Highlights
- 2,692‑square‑foot multifamily property on a 0.14‑acre lot
- R zoning
- Built in 1914
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,565
Cap Rate
5.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$691,300
$691.3K
Cap Rate 7%
$493,786
$493.8K
Cap Rate 9%
$384,056
$384.1K
Market Conditions
NOI Build-Up for 2,692 SF
Gross rent
$66.2K $24.60/SF
− Vacancy
−$3.4K −$1.25/SF
EGI
$62.8K $23.35/SF
− OpEx
−$28.3K −$10.51/SF
NOI
$34.6K $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%
$691,300
Cap Rate 7%
$493,786
Cap Rate 9%
$384,056
Alternative Uses
Best Use
Apartment 5plus
$493.8K
$432.1K – $576.1K
NOI $34,565 @ 7.0% cap · market cap 5.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$756.0K
$661.5K – $882.0K
NOI $52,919 @ 7.0% cap · market cap 8.83%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
538
Businesses Nearby
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Business Placement
Demographics for 97211, OR
33,762
Population
15,106
Households
2.2
Avg Household Size
38
Median Age
56%
College-Educated
96%
High-School Grad
7.1 sq mi
ZIP Area
4,755
Density / Sq Mi
$109,604
Median Household Income
$59,171
Median Earnings
$1,818
Median Rent
$616,800
Median Home Value
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Market
Average Price Trend$/SF for Multifamily properties in Portland, OR
Properties on Market for Multifamily properties in Portland
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Multifamily property - The 1914-built property has ductless and forced-air heating, heat-pump cooling, and a composition roof.
Where is this multifamily property located?
The property is located at 2106 NE SARATOGA St Portland, OR.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: 2,692‑square‑foot multifamily property on a 0.14‑acre lot; R zoning; Built in 1914
