Well-Maintained Triplex with
3510/3512 SW 10TH Ave Portland, OR 97239
For Sale
$735,000
MULTI_FAMILY - Portland, OR
Property Size2,496 SF
Lot Size0.12 Acres
Price / SF$294.47
Days on Market113
Property Features for 3510/3512 SW 10TH Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R1
Bedrooms
2
Bathrooms
2
Rooms
Bedroom 1, Bathroom 2, Bathroom 1, Bedroom 2
Standard status
Active
APN
R247192
Size
2,496 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Description
PORTLAND CITY HMSTD, BLOCK 49, LOT 7
Tax Annual Amount
9844
Utilities
Heating system
Forced Air
Building Details
Year built
1952
Floors in Building
2
Number of units
3
Roof type
Flat
Listing Agency:
Opt
(425) 760-5483
Listed By:
Drew Coleman · License #200109070
(425) 760-5483
Added: Apr 9
Changed: Jul 29
Last Checked: Jul 30 at 1:06AM
MLS# 257493054
Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This well-maintained triplex features three separate 1BD/1BA units. Each unit includes a full kitchen and a living room with a fireplace, supported by functional layouts intended to appeal to a broad range of renters. The property also provides parking and basement storage for every unit, which helps tenants manage everyday needs. The offering includes approximately 2,496 square feet on a 0.12-acre lot.
Located at 3510/3512 SW 10TH Ave in Portland, Oregon, the home is positioned in the SW Portland area referenced as being just minutes from OHSU, Doernbecher Children’s Hospital, and the VA Medical Center. The remarks also note walkable access to nearby green spaces, including Marquam Park trails and the city views associated with Council Crest.
For buyers or owner-occupants, the unit mix and consistent design can support straightforward day-to-day management across the three residences. The property is presented as an owner-occupant or investment opportunity, with a stated possibility to convert or expand to a fourplex, subject to buyer due diligence. The seller will participate in a 1031 exchange at no additional cost to the buyer, and buyers should conduct their own verification of any conversion potential and all other matters of eligibility and condition.
Located at 3510/3512 SW 10TH Ave in Portland, Oregon, the home is positioned in the SW Portland area referenced as being just minutes from OHSU, Doernbecher Children’s Hospital, and the VA Medical Center. The remarks also note walkable access to nearby green spaces, including Marquam Park trails and the city views associated with Council Crest.
For buyers or owner-occupants, the unit mix and consistent design can support straightforward day-to-day management across the three residences. The property is presented as an owner-occupant or investment opportunity, with a stated possibility to convert or expand to a fourplex, subject to buyer due diligence. The seller will participate in a 1031 exchange at no additional cost to the buyer, and buyers should conduct their own verification of any conversion potential and all other matters of eligibility and condition.
Key Highlights
- Well‑maintained triplex built in 1952 with three 1BD/1BA units
- Each unit includes a full kitchen and a bright living room with a fireplace
- Heating: forced air; roof: flat
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 4.73%
Second Best
Apartment 5plus
$457.8K
$400.6K – $534.2K
NOI $32,049 @ 7.0% cap · market cap 4.36%
Theoretical Best
Office A
$700.9K
$613.3K – $817.8K
NOI $49,066 @ 7.0% cap · market cap 6.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Triplex - Three 1BD/1BA units with full kitchens, living spaces, parking, and basement storage near major healthcare employers.
Where is this triplex located?
The property is located at 3510/3512 SW 10TH Ave Portland, OR.
What is the asking price?
The asking price for this property is $735,000.
What are key features of this property?
This property features: Well‑maintained triplex built in 1952 with three 1BD/1BA units; Each unit includes a full kitchen and a bright living room with a fireplace; Heating: forced air; roof: flat
