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$208.08
Days on Market108
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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
Listed By:
Tim Shannon · License #890800048
(503) 309-4106
Source:
Crexi
Added: Jun 30
Changed: Oct 7
Last Checked: Oct 14 at 9:42PM
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 / Yr
$54,336
Cap Rate
7.06%
Suggested Prices Based on Cap Rates
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
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 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 7.06%
Second Best
Apartment 5plus
$696.0K
$609.0K – $812.0K
NOI $48,718 @ 7.0% cap · market cap 6.33%
Theoretical Best
Office A
$1.04M
$909.2K – $1.21M
NOI $72,734 @ 7.0% cap · market cap 9.45%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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 $769,900.
What are key features of this property?
This property features: 3‑unit multifamily property for sale; Income‑oriented residential configuration
