Three Modern Townhomes with
304 N Bridgeton Road Portland, OR 97217
304 N Bridgeton Road, Portland, OR, 97217
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For Sale
Contact for pricing
Three tenant-occupied townhomes built in 2021, each with attached ADUs, plus an option to include an adjacent lot.
Property Size2,308 SF
Price / SF$324.52
Days on Market56
Property Features for 304 N Bridgeton Road
General Information
- Standard status
- Active
- Size
- 2,308 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 2021
Listing agency
Epique Realty
(503) 548-4848
Listed by
Charles Ramsay · License #000
Source
Crexi
Added: May 28 Updated: Jul 22 at 11:10AM Checked: Jul 22 at 11:10AM
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 Epique Realty
Investment Insights
Based on property information with market context.
This offering includes three modern townhomes built in 2021, each featuring a contemporary interior design and attached ADU(s). The homes are described as having soaring ceilings, oversized windows, designer kitchens with quartz countertops and stainless appliances, and spacious outdoor living areas. The seller also indicates a flexible purchase structure, considering the sale of an individual unit or a package purchase including all three townhomes and an adjacent lot. Tenant-occupied, 24-hour notice is required for showings, and the seller’s agent will accompany.
The property is presented as a Bridgeton-area opportunity with easy access to the Columbia River and nearby marina and yacht club areas, along with downtown Portland access.
For additional investment and income details, the seller notes that information is available upon request. Prospective buyers are also asked to verify schools, taxes, and square footage.
The property is presented as a Bridgeton-area opportunity with easy access to the Columbia River and nearby marina and yacht club areas, along with downtown Portland access.
For additional investment and income details, the seller notes that information is available upon request. Prospective buyers are also asked to verify schools, taxes, and square footage.
Key Highlights
- Three tenant‑occupied townhomes built in 2021
- Each townhome includes an attached ADU
- Option to purchase all 3 townhomes and an adjacent lot (seller may consider individual unit or package purchase)
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 | $48.5k | $21.00 |
| − Vacancy | −$2.5k | −$1.09 |
| EGI | $45.9k | $19.91 |
| − OpEx | −$13.8k | −$5.97 |
| NOI | $32.2k | $13.94 |
2,308 SF · lease $21.00/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$459.5K
$402.0K – $536.1K
NOI $32,163 @ 7.0% cap · market cap 4.29%
Second Best
Apartment 5plus
$423.4K
$370.4K – $493.9K
NOI $29,635 @ 7.0% cap · market cap 3.96%
Theoretical Best
Office A
$648.1K
$567.1K – $756.2K
NOI $45,370 @ 7.0% cap · market cap 6.06%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Three tenant-occupied townhomes built in 2021, each with attached ADUs, plus an option to include an adjacent lot.
Where is this triplex located?
The property is located at 304 N Bridgeton Road Portland, OR.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: Three tenant‑occupied townhomes built in 2021; Each townhome includes an attached ADU; Option to purchase all 3 townhomes and an adjacent lot (seller may consider individual unit or package purchase)
