Side-by-Side Triplex
New
For Sale
$1,750,000
2940 SE BROOKLYN St, Portland, OR 97202
MULTI_FAMILY - Portland, OR
Property Size9,072 SF
Lot Size0.28 Acres
Price / SF$192.90
Days on Market6
Property Features for 2940 SE BROOKLYN St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R5
Bedrooms
12
Bathrooms
6
Full bathrooms
6
Rooms
Bathroom 4, Bedroom 10, Bedroom 6, Bedroom 9, Bedroom 2, Bedroom 8, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 11, Bedroom 4, Bedroom 12, Bathroom 5, Bedroom 5, Bedroom 7, Bathroom 3, Bedroom 3, Bathroom 6
Subdivision
RICHMOND
Elementary school
Grout
Middle school
Hosford
High school
Cleveland
Directions
Powell, North on 29th, East on Brooklyn
Standard status
Active
APN
R298879, R298878
Size
9,072 SF
Lot size
0.28 Acres
Taxes and HOA fees
Tax Description
WAVERLEIGH HTS, BLOCK 20, W 1/2 OF LOT 16, LOT 17
Tax Annual Amount
25456
Legal Description
WAVERLEIGH HTS, BLOCK 20, W 1/2 OF LOT 16, LOT 17
Utilities
Heating system
Forced Air
Cooling system
Central Air
Amenities
private basement
air conditioning
hardwood floors
shared courtyard
landscaping
Building Details
Year built
1959
Floors in Building
1
Number of units
6
Roof type
Shingle, Composition
Listing Agency:
Rarebird Real Estate
(503) 451-0545
Listed By:
Benjamin Ficker · License #200412166,OR
(971) 273-5547
Added: Jul 31
Changed: Aug 5
Last Checked: Aug 5 at 3:06PM
MLS# 274001977
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.
This offering combines two adjacent triplex buildings on a contiguous 0.28-acre site. Together, the properties contain six units and 9,072 square feet, with individual private garages and basements assigned to each residence. Central air conditioning, hardwood floors, forced-air heating, and shingle and composition roofing serve the buildings. Most units have received updates, and new water service lines have been installed for both properties. Built in 1959, the assets are zoned R5.
Exterior features include established landscaping and a shared courtyard. Tenants pay water, sewer, and gas for all six units, while the owner is responsible only for trash service. In-place rents are roughly 11% below market across the combined offering. The properties are offered as one package and must close concurrently at 2940 SE BROOKLYN St in Portland, Oregon.
Exterior features include established landscaping and a shared courtyard. Tenants pay water, sewer, and gas for all six units, while the owner is responsible only for trash service. In-place rents are roughly 11% below market across the combined offering. The properties are offered as one package and must close concurrently at 2940 SE BROOKLYN St in Portland, Oregon.
Key Highlights
- Two side‑by‑side triplexes offered together on a contiguous 0.28‑acre site
- Six units totaling 9,072 square feet
- Private garage and tenant‑only basement for 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 | $201.4k | $22.20 |
| − Vacancy | −$13.1k | −$1.44 |
| EGI | $188.3k | $20.76 |
| − OpEx | −$56.5k | −$6.23 |
| NOI | $131.8k | $14.53 |
9,072 SF · lease $22.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.88M
$1.65M – $2.20M
NOI $131,815 @ 7.0% cap · market cap 7.53%
Second Best
Apartment 5plus
$1.75M
$1.53M – $2.04M
NOI $122,393 @ 7.0% cap · market cap 6.99%
Theoretical Best
Office A
$2.16M
$1.89M – $2.53M
NOI $151,502 @ 7.0% cap · market cap 8.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
Yes
Utilities to site
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 - Six residences offer private garages, tenant-only basements, central air conditioning, and hardwood flooring.
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 $1,750,000.
What are key features of this property?
This property features: Two side‑by‑side triplexes offered together on a contiguous 0.28‑acre site; Six units totaling 9,072 square feet; Private garage and tenant‑only basement for every unit
