New Construction Roseway
For Sale
$1,549,900
3138 Northeast 72nd Avenue, Portland, OR 97213
Turnkey fourplex in Portland's Roseway neighborhood with income potential.
Property Size3,629 SF
Price / SF$427.09
Days on Market213
Property Features for 3138 Northeast 72nd Avenue
General Information
Standard status
Active
Size
3,629 SF
Property subtype
Multi Family
Zoning
R5
Amenities
2
Crawl Space
Concrete Perimeter, Stem Wall
Composition
Cement Siding, Lap Siding, Panel
Building Details
Year Built
2026
Listing Agency:
Keller Williams Realty Portland Premiere
Listed By:
Darryl Bodle · License #199910100
(503) 709-4632
Source:
Compass
Added: Mar 17
Changed: Oct 13
Last Checked: Oct 15 at 1:31AM
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
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Investment Insights
Based on property information with market context.
This new construction fourplex is located in Portland’s Roseway neighborhood. The attached multifamily property features four townhome-style units, each ranging from approximately 880 to 980 square feet. Each unit includes 2 bedrooms and 2.1 bathrooms, suitable for roommate living and maximizing rental demand. The units feature an open great room-style main level with high ceilings and natural light. Kitchens are equipped with peninsula countertops, eat bar seating, solid surface countertops, stainless steel appliances, and custom cabinetry. A half bathroom is located on the main floor. Upstairs, each home includes two bedrooms, each configured as an ensuite with a private bathroom, along with a centrally located laundry area. All units include mini-split heating and cooling, along with a private fenced patio and yard space. The rear unit offers a larger yard, presenting an opportunity for increased rental premium. Low-maintenance landscaping helps keep operating expenses predictable. The property is located in the heart of Roseway, near Roseway & Glenhaven Parks, Rocky Butte Natural Area, Roseway Theater, and The People's Courts, along with local spots like Case Study Coffee, New Seasons Market, and dining options along Sandy Blvd & Fremont St. Easy access to I-84, public transit, and close-in PDX supports tenant demand and long-term retention. The property size is 3629 square feet.
Key Highlights
- Turnkey new construction 4‑plex in desirable Roseway neighborhood.
- Strong income potential and long‑term flexibility as a multifamily asset.
- Each unit features 2 bedrooms and 2.1 bathrooms, designed for roommate living and maximizing rental demand.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,572
Cap Rate
3.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,011,440
$1.0M
Cap Rate 7%
$722,457
$722.5K
Cap Rate 9%
$561,911
$561.9K
Market Conditions
NOI Build-Up for 3,629 SF
Gross rent
$76.2K $21.00/SF
− Vacancy
−$4.0K −$1.09/SF
EGI
$72.2K $19.91/SF
− OpEx
−$21.7K −$5.97/SF
NOI
$50.6K $13.94/SF
Area
Portland, OR
Vacancy
5.20%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,011,440
Cap Rate 7%
$722,457
Cap Rate 9%
$561,911
Alternative Uses
Best Use
Multifamily LT 5
$722.5K
$632.2K – $842.9K
NOI $50,572 @ 7.0% cap · market cap 3.26%
Second Best
Apartment 5plus
$665.7K
$582.5K – $776.6K
NOI $46,596 @ 7.0% cap · market cap 3.01%
Theoretical Best
Office A
$1.02M
$891.7K – $1.19M
NOI $71,338 @ 7.0% cap · market cap 4.60%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
675
Businesses Nearby
Explore this area
Business Placement
Demographics for 97213, OR
31,260
Population
14,971
Households
2.1
Avg Household Size
40
Median Age
61%
College-Educated
95%
High-School Grad
4.0 sq mi
ZIP Area
7,815
Density / Sq Mi
$95,801
Median Household Income
$56,941
Median Earnings
$1,490
Median Rent
$609,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Turnkey fourplex in Portland's Roseway neighborhood with income potential.
Where is this quadplex located?
The property is located at 3138 Northeast 72nd Avenue Portland, OR.
What is the asking price?
The asking price for this property is $1,549,900.
What are key features of this property?
This property features: Turnkey new construction 4‑plex in desirable Roseway neighborhood.; Strong income potential and long‑term flexibility as a multifamily asset.; Each unit features 2 bedrooms and 2.1 bathrooms, designed for roommate living and maximizing rental demand.
