Search
Fourplex with Renovated Unit
New
For Sale
$850,000

2121 SE 50th AVE, Portland, OR 97215

Unit 3 features an updated kitchen and living area, while the remaining residences retain original details.

Property Size864 SF
Price / SF$983.80
Days on Market3

Property Features for 2121 SE 50th AVE

General Information

Standard status Active
Size 864 SF
Property subtype Multi-Family

Additional Details

Multifamily Units 4

Building Details

Year Built 1968
Buildings 1
Listing Agency: Tree City Real Estate
Listed By: Vicki Gile
Source: Gilegroup
Added: Oct 2 Changed: Oct 3 Last Checked: Oct 4 at 9:30AM

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 Tree City Real Estate

Investment Insights

Based on property information with market context.

This four-unit residential property was built in 1968. Unit 3 has been renovated with LVP flooring, an updated kitchen and living area, subway tile, new countertops, and appliances. Units 1, 2, and 4 are maintained with much of their original character. Building improvements include a roof installed in 2021 and gutters added in 2024, along with off-street parking.

The property is in Southeast Portland near Hawthorne and Mt. Tabor, with restaurants, cafés, shops, and parks in the surrounding area.

Key Highlights

  • Four residential units, built in 1968
  • Unit 3 renovated with LVP flooring, kitchen and living area updates, subway tile, countertops, and appliances
  • Roof installed in 2021; gutters added in 2024

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence
Open Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Law Firm Parking Lot & Garage (Bike/Boat/Book/etc) Store HVAC Service Food Market 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

Location Intelligence

Trade Area within ½ mile

1,551
Businesses Nearby

Demographics for 97215, OR

18,221
Population
7,855
Households
2.3
Avg Household Size
40
Median Age
64%
College-Educated
97%
High-School Grad
2.3 sq mi
ZIP Area
7,922
Density / Sq Mi
$114,361
Median Household Income
$62,704
Median Earnings
$1,587
Median Rent
$658,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Quadplex - Unit 3 features an updated kitchen and living area, while the remaining residences retain original details.
Where is this quadplex located?
The property is located at 2121 SE 50th AVE Portland, OR.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Four residential units, built in 1968; Unit 3 renovated with LVP flooring, kitchen and living area updates, subway tile, countertops, and appliances; Roof installed in 2021; gutters added in 2024
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message
Why this one?
Saved
Reason not saved — we won't ask again