5-Unit Apartment
2505 SE Tacoma St, Portland, OR 97202
For Sale
$1,750,000
MultiFamily, Portland, OR
Property Size4,686 SF
Price / SF$373.45
Days on Market46
Property Features for 2505 SE Tacoma St
General Information
Property type
Property subtype
Property condition
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Subdivision
Elementary school
Middle school
High school
Directions
Standard status
APN
Size
Taxes and HOA fees
Tax Description
Legal Description
Utilities
Heating system
Cooling system
Building Details
Year built
Floors in Building
Number of units
Roof type
Listing Agency:
Real Estate Network Group, LLC
(503) 344-4554
Listed By:
Bryce Rosenbaum · License #201224328
(503) 367-8266
Added: Sep 22
Changed: Oct 24
Last Checked: Nov 6 at 8:06PM
MLS# 590734268
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.
This five-unit apartment property is under construction, with completion listed for 2026. The unit mix comprises three two-bedroom residences of approximately 812 square feet each and two three-bedroom residences of approximately 1,140 square feet each. The property is listed at 4,686 square feet. Heat pumps provide both heating and cooling, and the roof is composition material. The Home Energy Score is 9.
Situated in Portland’s Sellwood-Moreland area, the property is near Westmoreland Park, which includes walking paths, athletic fields, tennis courts, a nature-based playground and Sckavone Stadium. Neighborhood shopping, dining, recreation and transportation are also described as accessible nearby. Zoning is RM1.
Situated in Portland’s Sellwood-Moreland area, the property is near Westmoreland Park, which includes walking paths, athletic fields, tennis courts, a nature-based playground and Sckavone Stadium. Neighborhood shopping, dining, recreation and transportation are also described as accessible nearby. Zoning is RM1.
Key Highlights
- Five apartment units: three two‑bedroom homes and two three‑bedroom homes
- Three two‑bedroom residences are approximately 812 square feet each
- Two three‑bedroom residences are approximately 1,140 square feet each
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,220
Cap Rate
3.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,264,400
$1.3M
Cap Rate 7%
$903,143
$903.1K
Cap Rate 9%
$702,444
$702.4K
Market Conditions
NOI Build-Up for 4,686 SF
Gross rent
$122.0K $26.04/SF
− Vacancy
−$7.1K −$1.51/SF
EGI
$114.9K $24.53/SF
− OpEx
−$51.7K −$11.04/SF
NOI
$63.2K $13.49/SF
Area
ZIP 97202
Vacancy
5.80%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,264,400
Cap Rate 7%
$903,143
Cap Rate 9%
$702,444
Alternative Uses
Best Use
Apartment 5plus
$903.1K
$790.3K – $1.05M
NOI $63,220 @ 7.0% cap · market cap 3.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.12M
$978.2K – $1.30M
NOI $78,256 @ 7.0% cap · market cap 4.47%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
547
Businesses Nearby
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Business Placement
Demographics for 97202, OR
43,193
Population
20,097
Households
2.1
Avg Household Size
38
Median Age
65%
College-Educated
96%
High-School Grad
6.3 sq mi
ZIP Area
6,856
Density / Sq Mi
$100,353
Median Household Income
$52,090
Median Earnings
$1,674
Median Rent
$684,800
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in Portland, OR
Properties on Market for Apartment buildings in Portland
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - RM1-zoned residential property combines two- and three-bedroom homes with heat-pump heating and cooling.
Where is this apartment building located?
The property is located at 2505 SE Tacoma St Portland, OR.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Five apartment units: three two‑bedroom homes and two three‑bedroom homes; Three two‑bedroom residences are approximately 812 square feet each; Two three‑bedroom residences are approximately 1,140 square feet each
