Triplex with Three 1BR
3510-3512 Southwest 10th Avenue Portland, OR 97239
For Sale
$750,000
Well-maintained triplex with three 1BD/1BA units, full kitchens, parking, and basement storage.
Property Size2,496 SF
Price / SF$300.48
Days on Market106
Property Features for 3510-3512 Southwest 10th Avenue
General Information
- Standard status
- Active
- Size
- 2,496 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1952
Listing Agency:
Opt
(503) 351-3739
Listed By:
Drew Coleman · License #200109070
(503) 351-3739
Source:
Compass
Added: Apr 9
Changed: Jul 23
Last Checked: Jul 23 at 2:40PM
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 Opt
Investment Insights
Based on property information with market context.
Well-maintained triplex at 3510–3512 SW 10th Avenue featuring three thoughtfully designed 1BD/1BA units. Each unit includes a full kitchen and a bright living room with a fireplace, along with a functional layout designed for everyday living. Parking and basement storage are included with every unit.
Convenient to major healthcare employers, the property is just minutes from OHSU, Doernbecher Children’s Hospital, and the VA Medical Center. Residents also have walkable access to Marquam Park trails and can enjoy sweeping city views at Council Crest.
The consistent unit design can simplify day-to-day management. The seller indicates the property may offer potential to convert or expand to a fourplex; buyer to perform due diligence. Seller to participate in a 1031 exchange at no additional cost to buyer.
Convenient to major healthcare employers, the property is just minutes from OHSU, Doernbecher Children’s Hospital, and the VA Medical Center. Residents also have walkable access to Marquam Park trails and can enjoy sweeping city views at Council Crest.
The consistent unit design can simplify day-to-day management. The seller indicates the property may offer potential to convert or expand to a fourplex; buyer to perform due diligence. Seller to participate in a 1031 exchange at no additional cost to buyer.
Key Highlights
- Well‑maintained triplex with three 1BD/1BA units
- Each unit includes a full kitchen and a bright living room with a fireplace
- Parking and basement storage included with 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 | $52.4k | $21.00 |
| − Vacancy | −$2.7k | −$1.09 |
| EGI | $49.7k | $19.91 |
| − OpEx | −$14.9k | −$5.97 |
| NOI | $34.8k | $13.94 |
2,496 SF · lease $21.00/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$496.9K
$434.8K – $579.7K
NOI $34,783 @ 7.0% cap · market cap 4.64%
Second Best
Apartment 5plus
$457.8K
$400.6K – $534.2K
NOI $32,049 @ 7.0% cap · market cap 4.27%
Theoretical Best
Office A
$700.9K
$613.3K – $817.8K
NOI $49,066 @ 7.0% cap · market cap 6.54%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Well-maintained triplex with three 1BD/1BA units, full kitchens, parking, and basement storage.
Where is this triplex located?
The property is located at 3510-3512 Southwest 10th Avenue Portland, OR.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Well‑maintained triplex with three 1BD/1BA units; Each unit includes a full kitchen and a bright living room with a fireplace; Parking and basement storage included with every unit
