3-Unit Triplex
For Sale
Contact for pricing
3710 SE 49th Ave, Portland, OR 97206
Three-unit multifamily property available for sale, offering an income-oriented residential configuration.
Property Size3,700 SF
Price / SF$224.30
Days on Market55
Property Features for 3710 SE 49th Ave
General Information
Standard status
Active
Size
3,700 SF
Class
C
Property subtype
Multifamily
Additional Details
Multifamily Units
3
Building Details
Units
3
Listing Agency:
Tim Shannon Realty
(503) 309-4106
Listed By:
Tim Shannon · License #890800048
Source:
Crexi
Added: Jun 30
Changed: Aug 8
Last Checked: Aug 22 at 7:08AM
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
Investment Insights
Based on property information with market context.
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.
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.
Key Highlights
- 3‑unit multifamily property for sale
- Income‑oriented residential configuration
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$54,336
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.55%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,086,720
$1.1M
Cap Rate 7%
$776,229
$776.2K
Cap Rate 9%
$603,733
$603.7K
Market Conditions
NOI Build-Up for 3,700 SF
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.
Gross rent
$82.1K $22.20/SF
− Vacancy
−$4.5K −$1.22/SF
EGI
$77.6K $20.98/SF
− OpEx
−$23.3K −$6.29/SF
NOI
$54.3K $14.69/SF
Area
ZIP 97206
Vacancy
5.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,086,720
Cap Rate 7%
$776,229
Cap Rate 9%
$603,733
Alternative Uses
Best Use
Multifamily LT 5
$776.2K
$679.2K – $905.6K
NOI $54,336 @ 7.0% cap · market cap 6.55%
Second Best
Apartment 5plus
$696.0K
$609.0K – $812.0K
NOI $48,718 @ 7.0% cap · market cap 5.87%
Theoretical Best
Office A
$1.04M
$909.2K – $1.21M
NOI $72,734 @ 7.0% cap · market cap 8.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
970
Businesses Nearby
Explore this area
Business Placement
Demographics for 97206, OR
51,072
Population
22,348
Households
2.3
Avg Household Size
38
Median Age
49%
College-Educated
94%
High-School Grad
6.5 sq mi
ZIP Area
7,857
Density / Sq Mi
$94,233
Median Household Income
$54,254
Median Earnings
$1,693
Median Rent
$480,500
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
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
