4-Unit
2611 SE 130TH AVE, Portland, OR 97236
For Sale
$666,000
All residences are occupied, with recent improvements in two apartments.
Property Size3,294 SF
Price / SF$202.19
Days on Market385
Property Features for 2611 SE 130TH AVE
General Information
Standard status
Size
Property subtype
Occupancy
Site & Location
Neighborhood
Public Transit
Additional Details
Multifamily Units
Tenant in Place
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Crestview Realty, LLC
Listed By:
Wenyan Zhu · License OR #201211353
(503) 729-8208
Source:
Woodlandwa
Added: Oct 21, 2025
Changed: Nov 7
Last Checked: Nov 8 at 3:57PM
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 Crestview Realty, LLC
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Investment Insights
Based on property information with market context.
This 3,294-square-foot quadplex, built in 1963, contains four occupied units. Two apartments have received recent upgrades, and two include new washers and dryers. The property also has a 2024 roof and new stairs.
Professional management is in place, and bus service is available nearby. The building is tenant-occupied.
Professional management is in place, and bus service is available nearby. The building is tenant-occupied.
Key Highlights
- Four‑unit residential property with all units occupied
- 3,294 square feet; built in 1963
- Two units recently upgraded
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,904
Cap Rate
6.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$918,080
$918.1K
Cap Rate 7%
$655,771
$655.8K
Cap Rate 9%
$510,044
$510.0K
Market Conditions
NOI Build-Up for 3,294 SF
Gross rent
$69.2K $21.00/SF
− Vacancy
−$3.6K −$1.09/SF
EGI
$65.6K $19.91/SF
− OpEx
−$19.7K −$5.97/SF
NOI
$45.9K $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%
$918,080
Cap Rate 7%
$655,771
Cap Rate 9%
$510,044
Alternative Uses
Best Use
Multifamily LT 5
$655.8K
$573.8K – $765.1K
NOI $45,904 @ 7.0% cap · market cap 6.89%
Second Best
Apartment 5plus
$604.2K
$528.7K – $704.9K
NOI $42,295 @ 7.0% cap · market cap 6.35%
Theoretical Best
Office A
$925.0K
$809.4K – $1.08M
NOI $64,753 @ 7.0% cap · market cap 9.72%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
833
Businesses Nearby
Explore this area
Business Placement
Demographics for 97236, OR
40,193
Population
13,736
Households
2.9
Avg Household Size
36
Median Age
21%
College-Educated
81%
High-School Grad
7.7 sq mi
ZIP Area
5,220
Density / Sq Mi
$68,582
Median Household Income
$38,131
Median Earnings
$1,436
Median Rent
$414,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Quadplexes in Portland, OR
Properties on Market for Quadplexes in Portland
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - All residences are occupied, with recent improvements in two apartments.
Where is this quadplex located?
The property is located at 2611 SE 130TH AVE Portland, OR.
What is the asking price?
The asking price for this property is $666,000.
What are key features of this property?
This property features: Four‑unit residential property with all units occupied; 3,294 square feet; built in 1963; Two units recently upgraded
