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    3-Unit Triplex Investment Title is generated by Realmo AI

    3710 SE 49th Ave, Portland, OR 97206

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    Three-unit multifamily property available for sale, offering an income-oriented residential configuration.

    Type:Multifamily
    Property size:
    3,700 SF
    Price / SF:
    $224/SF
    Added:
    Jun 30, 2026
    Days on Market:
    8
    Last Refresh:
    Jul 4 at 2:53 am

    Property Features for 3710 SE 49th Ave

    General Information

    Standard status
    Active
    Size
    3,700 SF
    Property subtype
    Multifamily

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    Tim Shannon
    Tim Shannon

    Listing office Tim Shannon Realty

    Listing date Jun 30, 2026

    Source Crexi

    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 Tim Shannon Realty

    HighLights

    • 3‑unit multifamily property for sale
    • Income‑oriented residential configuration

    Overview

    This multifamily property is a triplex with three residential units under one ownership structure, positioned as a straightforward income-oriented offering for owner-occupants or investors. The asset is identified as a three-unit multifamily building within the provided property data.

    The property is located at 3710 SE 49th Ave in Portland, Oregon (97206). It is offered for sale and listed as a multifamily asset with a total property size of 3,700 square feet, as provided in the offering information.

    For buyers seeking a compact, three-unit residential income property, the triplex configuration can be an efficient way to diversify unit-level cash flow within a single building. The best-fit tenant or owner scenario depends on each unit’s current rent roll and condition, which are not detailed in the provided information; prospective buyers should review the financials and property details during due diligence.

    Local 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 $82.1k $22.20
    − Vacancy −$4.5k −$1.22
    EGI $77.6k $20.98
    − OpEx −$23.3k −$6.29
    NOI $54.3k $14.69
    3,700 SF · lease $22.20/SF/yr · vacancy 5.50% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $776.2K
    $679.2K – $905.6K (±1% cap)
    NOI $54,336 @ 7.0% cap · market cap 6.55%
    Second Best
    Apartment 5plus
    $696.0K
    $609.0K – $812.0K (±1% cap)
    NOI $48,718 @ 7.0% cap · market cap 5.87%
    Theoretical Best
    Office A
    $1.04M
    $909.2K – $1.21M (±1% cap)
    NOI $72,734 @ 7.0% cap · market cap 8.76%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Law Firm Real Estate Agency Parking Lot & Garage HVAC Service Electrical Service Nail Salon (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Building Supply Grocery & Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Washington
    State
    Oregon
    Longitude
    -122.6124304
    Latitude
    45.4959451

    FAQs

    What type of property is this?
    Triplex - Three-unit multifamily property available for sale, offering an income-oriented residential configuration.
    Where is this triplex located?
    The property is located at 3710 SE 49th Ave Portland, OR.
    What is the asking price?
    The asking price for this property is $829,900.
    What are key features of this property?
    This property features: 3‑unit multifamily property for sale; Income‑oriented residential configuration
    (503) 309-4106 Call to check price and availability
    More about this property
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