Portland Triplex in
2735 SE CLINTON ST Portland, OR 97202
2735 SE CLINTON ST, Portland, OR, 97202
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For Sale
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Fully leased triplex in desirable Clinton-Division neighborhood.
Property Size3,207 SF
Lot Size0.11 Acres
Price / SF$265.01
Days on Market85
Property Features for 2735 SE CLINTON ST
General Information
- Standard status
- Active
- Size
- 3,207 SF
- Lot size
- 0.11 Acres
- Property subtype
- Multifamily
Building Details
- Year Built
- 1914
Listing Agency
Keller Williams Realty Portland Premiere
(503) 597-2444
Listed by
Darryl Bodle · License #199910100
Source
Crexi
Added: Apr 23 Checked: Jul 15 at 8:59 am
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 Keller Williams Realty Portland Premiere
Investment Insights
Based on property information with market context.
This fully leased income-producing property is located in Portland’s sought-after Clinton-Division neighborhood. The property features three units: two within a detached house and a third above a detached one-car garage. Situated on a 5,000 sqft lot with a partially fenced yard and mature landscaping, the property benefits from its location near Clinton St, Division, and Hawthorne, providing access to restaurants, cafes, parks, and transit options. Recent updates help reduce near-term capital needs while supporting long-term rent growth potential. This property offers flexible rental configurations and strong tenant appeal, making it an ideal opportunity for investors seeking stable cash flow in a proven rental corridor.
Key Highlights
- Fully leased property providing immediate rental income.
- Located in the highly desirable Clinton‑Division neighborhood.
- Three units offer flexible rental configurations.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $71.2k | $22.20 |
| − Vacancy | −$4.6k | −$1.44 |
| EGI | $66.6k | $20.76 |
| − OpEx | −$20.0k | −$6.23 |
| NOI | $46.6k | $14.53 |
3,207 SF · lease $22.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$665.7K
$582.5K – $776.6K
NOI $46,597 @ 7.0% cap · market cap 5.48%
Second Best
Apartment 5plus
$618.1K
$540.8K – $721.1K
NOI $43,267 @ 7.0% cap · market cap 5.09%
Theoretical Best
Office A
$765.1K
$669.5K – $892.6K
NOI $53,557 @ 7.0% cap · market cap 6.30%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Triplex - Fully leased triplex in desirable Clinton-Division neighborhood.
Where is this triplex located?
The property is located at 2735 SE CLINTON ST Portland, OR.
What is the asking price?
The asking price for this property is $849,900.
What are key features of this property?
This property features: Fully leased property providing immediate rental income.; Located in the highly desirable Clinton‑Division neighborhood.; Three units offer flexible rental configurations.
