Historic Quadplex with Detached
For Sale
$1,474,950
2106 SE MAIN St, Portland, OR 97214
MultiFamily, Portland, OR
Property Size5,148 SF
Lot Size0.16 Acres
Price / SF$286.51
Days on Market52
Property Features for 2106 SE MAIN St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R5
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 4, Bedroom 1, Bathroom 4, Bathroom 3, Bedroom 2, Bedroom 5, Bedroom 6, Bathroom 1, Bathroom 2, Bedroom 3
Subdivision
BUCKMAN/HAWTHORNE
Elementary school
Buckman
Middle school
Hosford
High school
Cleveland
Directions
SE 20th Ave - West ( Up ) On Main St - Property on the Right ( North )
Standard status
Active
APN
R264421
Size
5,148 SF
Lot size
0.16 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Description
SALISBURY HILL, BLOCK 2, LOT 8 EXC E 8', E 28' OF LOT 9
Tax Annual Amount
19052
Legal Description
SALISBURY HILL, BLOCK 2, LOT 8 EXC E 8', E 28' OF LOT 9
Utilities
Heating system
Forced Air
Cooling system
Window Unit(s)
Building Details
Year built
1910
Floors in Building
3
Number of units
4
Roof type
Shingle, Composition
Buildings
1
Listing Agency:
John L. Scott Portland Central
(503) 230-8600
Listed By:
Michael Smira · License #201206047
(503) 935-2560
Added: Sep 8
Changed: Oct 25
Last Checked: Oct 29 at 10:06PM
MLS# 190894084
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.
Built in 1910, this Portland quadplex contains two 2-bedroom residences with additional upper-level bonus space and two 1-bedroom residences. The 5,148-square-foot property retains original hardwood floors, historic windows, and period architectural elements. Basement areas provide additional storage, while forced-air heating and window-unit cooling serve the building.
Major improvements include a 2022 roof and gutters, copper plumbing, updated electrical service, attic insulation, and restored original windows. The detached 2-car garage has also been restored. The property is individually listed on the National Register of Historic Places and occupies a landscaped 7,000 SF lot in Buckman, on a quiet tree-lined street near Hawthorne. Zoning is R5.
Major improvements include a 2022 roof and gutters, copper plumbing, updated electrical service, attic insulation, and restored original windows. The detached 2-car garage has also been restored. The property is individually listed on the National Register of Historic Places and occupies a landscaped 7,000 SF lot in Buckman, on a quiet tree-lined street near Hawthorne. Zoning is R5.
Key Highlights
- Fourplex with two 2‑bedroom residences and two 1‑bedroom residences
- 5,148 square feet on a 0.16‑acre lot
- Built in 1910 and individually listed on the National Register of Historic Places
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$71,740
Cap Rate
4.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,434,800
$1.4M
Cap Rate 7%
$1,024,857
$1.0M
Cap Rate 9%
$797,111
$797.1K
Market Conditions
NOI Build-Up for 5,148 SF
Gross rent
$108.1K $21.00/SF
− Vacancy
−$5.6K −$1.09/SF
EGI
$102.5K $19.91/SF
− OpEx
−$30.7K −$5.97/SF
NOI
$71.7K $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 Rate 5%
$1,434,800
Cap Rate 7%
$1,024,857
Cap Rate 9%
$797,111
Alternative Uses
Best Use
Multifamily LT 5
$1.02M
$896.8K – $1.20M
NOI $71,740 @ 7.0% cap · market cap 4.86%
Second Best
Apartment 5plus
$944.3K
$826.3K – $1.10M
NOI $66,100 @ 7.0% cap · market cap 4.48%
Theoretical Best
Office A
$1.45M
$1.26M – $1.69M
NOI $101,198 @ 7.0% cap · market cap 6.86%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
2,985
Businesses Nearby
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Business Placement
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
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Two larger residences include upper-level bonus space, while basement areas add storage and building systems have been updated.
Where is this quadplex located?
The property is located at 2106 SE MAIN St Portland, OR.
What is the asking price?
The asking price for this property is $1,474,950.
What are key features of this property?
This property features: Fourplex with two 2‑bedroom residences and two 1‑bedroom residences; 5,148 square feet on a 0.16‑acre lot; Built in 1910 and individually listed on the National Register of Historic Places
