Single-Level Triplex
3392 SE Waverleigh Blvd Portland, OR 97202
For Sale
$825,000
Single-level 2,783 SF triplex with three units, individual basements, and washer/dryer hookups throughout.
Property Size2,783 SF
Price / SF$296.44
Days on Market14
Property Features for 3392 SE Waverleigh Blvd
General Information
Standard status
Active
Size
2,783 SF
Property subtype
Multi Family Home
Building Details
Year Built
1958
Listing Agency:
Realty First
(503) 998-4135
Listed By:
Greg Carnese · License #980300132
(503) 998-4135
Source:
Allprofessionalsre
Added: Jul 17
Changed: Jul 21
Last Checked: Jul 29 at 12:55PM
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 Realty First
Investment Insights
Based on property information with market context.
Well-maintained single-level triplex built in 1958 offering three separate residential units. One unit features two bedrooms and two bathrooms and includes a mini-split heating and air conditioning system, a cozy fireplace, a private fenced backyard, and an attached 2-car garage. The two additional units each offer one bedroom and one bathroom.
All three units feature hardwood floors and full individual basements with washer/dryer hookups. The property is described as having solid construction and a timeless layout.
Ideally located in Southeast Portland’s Waverleigh Heights area, the property is just minutes from Cleveland High School Field, with nearby bus lines and convenient access to the shops and restaurants along SE Powell Boulevard, as well as routes to downtown Portland and surrounding neighborhoods.
All three units feature hardwood floors and full individual basements with washer/dryer hookups. The property is described as having solid construction and a timeless layout.
Ideally located in Southeast Portland’s Waverleigh Heights area, the property is just minutes from Cleveland High School Field, with nearby bus lines and convenient access to the shops and restaurants along SE Powell Boulevard, as well as routes to downtown Portland and surrounding neighborhoods.
Key Highlights
- Single‑level 2,783 SF triplex built in 1958 with 3 units: one 2BD/2BA and two 1BD/1BA units
- Each unit has a full individual basement with washer/dryer hookups for added storage and in‑unit convenience
- 2BD/2BA unit includes mini‑split heating and air conditioning, a fireplace, a private fenced backyard, and an attached 2‑car garage
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 | $61.8k | $22.20 |
| − Vacancy | −$4.0k | −$1.44 |
| EGI | $57.8k | $20.76 |
| − OpEx | −$17.3k | −$6.23 |
| NOI | $40.4k | $14.53 |
2,783 SF · lease $22.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$577.7K
$505.5K – $674.0K
NOI $40,437 @ 7.0% cap · market cap 4.90%
Second Best
Apartment 5plus
$536.4K
$469.3K – $625.8K
NOI $37,546 @ 7.0% cap · market cap 4.55%
Theoretical Best
Office A
$663.9K
$581.0K – $774.6K
NOI $46,476 @ 7.0% cap · market cap 5.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Triplex - Single-level 2,783 SF triplex with three units, individual basements, and washer/dryer hookups throughout.
Where is this triplex located?
The property is located at 3392 SE Waverleigh Blvd Portland, OR.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: Single‑level 2,783 SF triplex built in 1958 with 3 units: one 2BD/2BA and two 1BD/1BA units; Each unit has a full individual basement with washer/dryer hookups for added storage and in‑unit convenience; 2BD/2BA unit includes mini‑split heating and air conditioning, a fireplace, a private fenced backyard, and an attached 2‑car garage
