3-Unit Townhouse-Style
2723 SE 52ND Ave, Portland, OR 97206
For Sale
New
$750,000
MultiFamily, Portland, OR
Property Size2,676 SF
Price / SF$280.27
Days on Market5
Property Features for 2723 SE 52ND Ave
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Subdivision
Elementary school
Middle school
High school
Directions
Standard status
APN
Size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Utilities
Heating system
Cooling system
Amenities
in-unit washer and dryer
private deck
storage space
Building Details
Year built
Floors in Building
Number of units
Roof type
Listing Agency:
Windermere Realty Trust · Windermere Real Estate
(503) 284-7755
Listed By:
Karoline Ashley · License OR #200509309
(503) 819-4851
Added: Nov 10
Changed: Nov 13
Last Checked: Nov 14 at 12:06AM
MLS# 717375790
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 2,676-square-foot triplex, built in 1969, has a townhouse-style layout with three two-bedroom residences. Each home has a living room connected to the kitchen and dining area, plus a private deck. In-unit washers and dryers, dedicated off-street parking, and storage areas are provided for each residence. The building has baseboard heating, window-unit cooling, and a composition roof replaced in 2025. Zoning is RM2.
The property is in Portland’s South Tabor area, near Mt. Tabor and the shops and restaurants along SE Division. Its Walk Score is 88 and Bike Score is 98; public transit also receives a positive rating.
The property is in Portland’s South Tabor area, near Mt. Tabor and the shops and restaurants along SE Division. Its Walk Score is 88 and Bike Score is 98; public transit also receives a positive rating.
Key Highlights
- Three townhouse‑style residences total 2,676 square feet
- Each residence has two bedrooms, a private deck, and an in‑unit washer and dryer
- Dedicated off‑street parking and storage areas for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,298
Cap Rate
5.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$785,960
$786.0K
Cap Rate 7%
$561,400
$561.4K
Cap Rate 9%
$436,644
$436.6K
Market Conditions
NOI Build-Up for 2,676 SF
Gross rent
$59.4K $22.20/SF
− Vacancy
−$3.3K −$1.22/SF
EGI
$56.1K $20.98/SF
− OpEx
−$16.8K −$6.29/SF
NOI
$39.3K $14.69/SF
Area
ZIP 97206
Vacancy
5.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$785,960
Cap Rate 7%
$561,400
Cap Rate 9%
$436,644
Alternative Uses
Best Use
Multifamily LT 5
$561.4K
$491.2K – $655.0K
NOI $39,298 @ 7.0% cap · market cap 5.24%
Second Best
Apartment 5plus
$503.4K
$440.4K – $587.3K
NOI $35,235 @ 7.0% cap · market cap 4.70%
Theoretical Best
Office A
$751.5K
$657.6K – $876.7K
NOI $52,604 @ 7.0% cap · market cap 7.01%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,040
Businesses Nearby
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Business Placement
Demographics for 97206, OR
51,072
Population
22,348
Households
2.3
Avg Household Size
38
Median Age
49%
College-Educated
94%
High-School Grad
6.5 sq mi
ZIP Area
7,857
Density / Sq Mi
$94,233
Median Household Income
$54,254
Median Earnings
$1,693
Median Rent
$480,500
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in Portland, OR
Properties on Market for Triplexes in Portland
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - RM2-zoned property with private decks, in-unit laundry, and off-street parking for each residence.
Where is this triplex located?
The property is located at 2723 SE 52ND Ave Portland, OR.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Three townhouse‑style residences total 2,676 square feet; Each residence has two bedrooms, a private deck, and an in‑unit washer and dryer; Dedicated off‑street parking and storage areas for each unit
