Multifamily
For Sale
$735,000
2226 NE 14th AVE, Portland, OR 97212
A multifamily property with established long-term tenancy in Portland’s Irvington neighborhood.
Property Size3,304 SF
Price / SF$222.46
Days on Market17
Property Features for 2226 NE 14th AVE
General Information
Standard status
Active
Size
3,304 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Irvington Community Association
Additional Details
Gross Income
$53,244
Building Details
Year Built
1909
Listing Agency:
Taylor & Taylor Realty Co.
(541) 994-9111
Listed By:
The Reger Group
(503) 893-2022
Source:
Searchpnwhouses
Added: Oct 7
Changed: Oct 21
Last Checked: Oct 20 at 8:32PM
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 Taylor & Taylor Realty Co.
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Investment Insights
Based on property information with market context.
This 3,304-square-foot multifamily building was constructed in 1909 and has a history of long-term tenancy. The property is located in Portland’s Irvington neighborhood, with shops and restaurants in Fremont and NE Broadway within walking distance.
Key Highlights
- 3,304‑square‑foot multifamily building
- Built in 1909
- Many long‑term tenants
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,423
Cap Rate
5.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$848,460
$848.5K
Cap Rate 7%
$606,043
$606.0K
Cap Rate 9%
$471,367
$471.4K
Market Conditions
NOI Build-Up for 3,304 SF
Gross rent
$81.3K $24.60/SF
− Vacancy
−$4.1K −$1.25/SF
EGI
$77.1K $23.35/SF
− OpEx
−$34.7K −$10.51/SF
NOI
$42.4K $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%
$848,460
Cap Rate 7%
$606,043
Cap Rate 9%
$471,367
Alternative Uses
Best Use
Apartment 5plus
$606.0K
$530.3K – $707.1K
NOI $42,423 @ 7.0% cap · market cap 5.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$927.8K
$811.9K – $1.08M
NOI $64,949 @ 7.0% cap · market cap 8.84%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
3,921
Businesses Nearby
Explore this area
Business Placement
Demographics for 97212, OR
26,568
Population
12,064
Households
2.2
Avg Household Size
40
Median Age
70%
College-Educated
98%
High-School Grad
2.7 sq mi
ZIP Area
9,840
Density / Sq Mi
$128,098
Median Household Income
$65,836
Median Earnings
$1,790
Median Rent
$824,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Multifamily property - A multifamily property with established long-term tenancy in Portland’s Irvington neighborhood.
Where is this multifamily property located?
The property is located at 2226 NE 14th AVE Portland, OR.
What is the asking price?
The asking price for this property is $735,000.
What are key features of this property?
This property features: 3,304‑square‑foot multifamily building; Built in 1909; Many long‑term tenants
