Portland SW Hills Multifamily
3412 Southwest 13th Avenue Portland, OR 97239
3412 Southwest 13th Avenue, Portland, OR, 97239
$825,000
For Sale
$825,000
Multifamily home in Portland's SW Hills with Airbnb potential.
Property Size4,781 SF
Price / SF$172.56
Days on Market601
Property Features for 3412 Southwest 13th Avenue
General Information
- Standard status
- Active
- Size
- 4,781 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1950
Listing Agency
Keller Williams Realty Professionals
(503) 349-7037
Listed by
Zachary Eaton · License #201206055
(503) 349-7037
Source
Compass
Added: Nov 23, 2024 Checked: Jul 17 at 5:37 am
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 Professionals
Investment Insights
Based on property information with market context.
Located in the heart of Portland’s SW Hills, this home offers flexibility suitable for multigenerational living, a home office, Airbnb, or an in-law/nanny suite. The property is situated on a low-maintenance lot with territorial views. The main part of the house features six bedrooms, four full bathrooms, a bonus room, a family room with a fireplace, and a spacious kitchen with an adjacent dining room. The lower level unit has a separate entrance, a full kitchen, a dining area, a laundry room, a spacious living room with a fireplace, two bedrooms, and one full bathroom. Recent updates include new paint inside and out, kitchen upgrades, new appliances, new light fixtures, new carpet, refinished wood floors, a new furnace, and a mini-split system. The property is minutes from restaurants, Portland State University, and downtown Portland, and a short walk to Oregon Health & Science University and Marquam Nature Park. The property size is 4781 square feet.
Key Highlights
- Prime location in Portland's SW Hills, near restaurants, PSU, downtown, OHSU, and Marquam Nature Park.
- Ideal for multigenerational living or rental income with a separate lower‑level unit featuring a full kitchen, living room with fireplace, 2 bedrooms, and a full bathroom.
- Six bedrooms and four full bathrooms in the main house, plus a bonus room, family room with fireplace, and spacious kitchen.
Local Financial Insights For Apartment 5plus
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 | $117.6k | $24.60 |
| − Vacancy | −$6.0k | −$1.25 |
| EGI | $111.6k | $23.35 |
| − OpEx | −$50.2k | −$10.51 |
| NOI | $61.4k | $12.84 |
4,781 SF · lease $24.60/SF/yr · vacancy 5.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$877.0K
$767.4K – $1.02M
NOI $61,388 @ 7.0% cap · market cap 7.44%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.34M
$1.17M – $1.57M
NOI $93,984 @ 7.0% cap · market cap 11.39%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Inn at Marquam Hill
Bed & Breakfast
Similar For Sale Nearby
FAQs
What type of property is this?
Multifamily property - Multifamily home in Portland's SW Hills with Airbnb potential.
Where is this multifamily property located?
The property is located at 3412 Southwest 13th Avenue 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: Prime location in Portland's SW Hills, near restaurants, PSU, downtown, OHSU, and Marquam Nature Park.; Ideal for multigenerational living or rental income with a separate lower‑level unit featuring a full kitchen, living room with fireplace, 2 bedrooms, and a full bathroom.; Six bedrooms and four full bathrooms in the main house, plus a bonus room, family room with fireplace, and spacious kitchen.
