Immaculate Triplex with Central
New
For Sale
$875,000
2940 SE BROOKLYN St, Portland, OR 97202
MULTI_FAMILY - Portland, OR
Property Size2,736 SF
Lot Size0.14 Acres
Price / SF$319.81
Days on Market4
Property Features for 2940 SE BROOKLYN St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R5
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 1, Bedroom 1, Bedroom 6, Bedroom 2, Bathroom 2, Bedroom 3, Bathroom 3, Bedroom 4, Bedroom 5
Subdivision
RICHMOND
Elementary school
Grout
Middle school
Hosford
High school
Cleveland
Directions
Powell, North on 29th, East on Brooklyn
Standard status
Active
APN
R298879
Size
2,736 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Description
WAVERLEIGH HTS, BLOCK 20, W 1/2 OF LOT 16, LOT 17
Tax Annual Amount
12728
Legal Description
WAVERLEIGH HTS, BLOCK 20, W 1/2 OF LOT 16, LOT 17
Utilities
Heating system
Forced Air
Cooling system
Central Air
Amenities
Air conditioning
Hardwood floors
Private basement space
Landscaping
Central courtyard
Building Details
Year built
1959
Floors in Building
1
Number of units
3
Roof type
Shingle, Composition
Listing Agency:
Rarebird Real Estate
(503) 451-0545
Listed By:
Benjamin Ficker · License #200412166,OR
(971) 273-5547
Added: Jul 30
Changed: Jul 31
Last Checked: Aug 2 at 12:06PM
MLS# 787062550
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.
Investment Insights
Based on property information with market context.
Immaculately maintained triplex on a 0.14-acre lot, built in 1959, featuring forced-air heating and central air conditioning in every unit. Interior finishes include hardwood floors throughout, with most units described as updated. Each tenant benefits from private garage and private basement space accessible only to that tenant.
The property is set up for a residential feel with impeccable landscaping and a beautiful central courtyard on an established Southeast Portland block. Tenants have their own water, sewer, and gas, while the landlord pays trash.
Offers are subject to interior inspection, and the sale is subject to the concurrent sale of the neighboring triplex; both properties must sell and close together.
The property is set up for a residential feel with impeccable landscaping and a beautiful central courtyard on an established Southeast Portland block. Tenants have their own water, sewer, and gas, while the landlord pays trash.
Offers are subject to interior inspection, and the sale is subject to the concurrent sale of the neighboring triplex; both properties must sell and close together.
Key Highlights
- R5 zoning on 0.14‑acre lot
- Built in 1959 with shingle/composition roof
- Forced‑air heating and central air in every unit
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 | $60.7k | $22.20 |
| − Vacancy | −$3.9k | −$1.44 |
| EGI | $56.8k | $20.76 |
| − OpEx | −$17.0k | −$6.23 |
| NOI | $39.8k | $14.53 |
2,736 SF · lease $22.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$567.9K
$496.9K – $662.6K
NOI $39,754 @ 7.0% cap · market cap 4.54%
Second Best
Apartment 5plus
$527.3K
$461.4K – $615.2K
NOI $36,912 @ 7.0% cap · market cap 4.22%
Theoretical Best
Office A
$652.7K
$571.1K – $761.5K
NOI $45,691 @ 7.0% cap · market cap 5.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,472
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - R5 triplex on a 0.14-acre lot with central air, forced-air heat, and private garage and basement space per tenant.
Where is this triplex located?
The property is located at 2940 SE BROOKLYN St Portland, OR.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: R5 zoning on 0.14‑acre lot; Built in 1959 with shingle/composition roof; Forced‑air heating and central air in every unit
