Fourplex with Historic
For Sale
$1,450,000
2364 Nw Johnson St, Portland, OR 97210
A vacant two-bedroom residence occupies the main home, alongside three additional apartments with varied layouts and private outdoor spaces.
Property Size5,676 SF
Price / SF$255.46
Days on Market8
Property Features for 2364 Nw Johnson St
General Information
Standard status
Active
Size
5,676 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Hillside/Northwest District Assn.
Units
Unit Mix
1 x 2BR/2BA, 1 x 1BR/1BA, 2 x 2BR/1BA
Multifamily Units
4
Building Details
Year Built
1912
Buildings
1
Listing Agency:
Cascade Hasson Sotheby's International Realty
Listed By:
Declan O'Connor · License #200411161
(503) 228-9801
Source:
Portlandpropertylistings
Added: Oct 21
Changed: Oct 26
Last Checked: Oct 28 at 8:34AM
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 Cascade Hasson Sotheby's International Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1912, this 5,676-square-foot fourplex combines a two-bedroom, two-bathroom main residence with three separate apartments. The main home includes a fireplace, built-in bookcases, formal dining room, kitchen with breakfast nook, lower-level bonus room, and a primary suite with walk-in closet and ensuite bath. Sliding doors open to a rear deck and backyard reserved for this residence. The lower-level apartment has one bedroom and one bathroom; each upper-level apartment has two bedrooms and one bathroom. Features among the upper units include gas fireplaces, eat-in kitchens, walk-in closets, and private decks. One top-floor unit also has approximately 300 square feet of storage.
The main residence is vacant. The property is in Portland’s Alphabet District, near the shops, restaurants, cafés, and services along NW 23rd Avenue.
The main residence is vacant. The property is in Portland’s Alphabet District, near the shops, restaurants, cafés, and services along NW 23rd Avenue.
Key Highlights
- Four residences in total: a two‑bedroom, two‑bathroom main home and three apartments
- Built in 1912; property totals 5,676 square feet
- Lower‑level apartment has 1 bedroom and 1 bathroom; each upper apartment has 2 bedrooms and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$79,098
Cap Rate
5.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,581,960
$1.6M
Cap Rate 7%
$1,129,971
$1.1M
Cap Rate 9%
$878,867
$878.9K
Market Conditions
NOI Build-Up for 5,676 SF
Gross rent
$119.2K $21.00/SF
− Vacancy
−$6.2K −$1.09/SF
EGI
$113.0K $19.91/SF
− OpEx
−$33.9K −$5.97/SF
NOI
$79.1K $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%
$1,581,960
Cap Rate 7%
$1,129,971
Cap Rate 9%
$878,867
Alternative Uses
Best Use
Multifamily LT 5
$1.13M
$988.7K – $1.32M
NOI $79,098 @ 7.0% cap · market cap 5.46%
Second Best
Apartment 5plus
$1.04M
$911.0K – $1.21M
NOI $72,880 @ 7.0% cap · market cap 5.03%
Theoretical Best
Office A
$1.59M
$1.39M – $1.86M
NOI $111,577 @ 7.0% cap · market cap 7.69%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
4,698
Businesses Nearby
Explore this area
Business Placement
Demographics for 97210, OR
13,016
Population
7,910
Households
1.6
Avg Household Size
38
Median Age
76%
College-Educated
97%
High-School Grad
8.9 sq mi
ZIP Area
1,462
Density / Sq Mi
$87,942
Median Household Income
$66,429
Median Earnings
$1,577
Median Rent
$991,500
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - A vacant two-bedroom residence occupies the main home, alongside three additional apartments with varied layouts and private outdoor spaces.
Where is this quadplex located?
The property is located at 2364 Nw Johnson St Portland, OR.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: Four residences in total: a two‑bedroom, two‑bathroom main home and three apartments; Built in 1912; property totals 5,676 square feet; Lower‑level apartment has 1 bedroom and 1 bathroom; each upper apartment has 2 bedrooms and 1 bathroom
