18-Unit Apartment
For Sale
$3,399,900
3727 S Hood AVE, Portland, OR 97239
Modern residences offer open layouts, tall ceilings, stainless-steel appliances, and select private outdoor spaces.
Property Size9,695 SF
Price / SF$350.69
Days on Market59
Property Features for 3727 S Hood AVE
General Information
Standard status
Active
Size
9,695 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
South Portland
Additional Details
Multifamily Units
18
Amenities
bike storage
dedicated trash area
covered patios/balconies
stackable washer/dryer units
Building Details
Year Built
2023
Buildings
1
Listing Agency:
Keller Williams Realty Portland Central
Listed By:
Realty Portland Team
(503) 966-4371
Source:
Realtyportland
Added: Aug 26
Changed: Oct 19
Last Checked: Oct 19 at 6:41AM
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 Keller Williams Realty Portland Central
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Investment Insights
Based on property information with market context.
Built in 2023, this 18-unit apartment property combines contemporary residential design with practical resident amenities. Unit interiors feature open-plan layouts, tall ceilings, abundant natural light, custom cabinetry, stainless-steel appliances, designer finishes, and stackable washer/dryer units. Selected residences include covered patios or balconies. The property also provides bike storage and a dedicated trash area.
The building is located at 3727 S Hood AVE in Portland’s South Waterfront district, with access to nearby dining and coffee shops, downtown Portland, and OHSU. Its unit count, modern construction, and amenity package create a cohesive multifamily asset in an established urban setting.
The building is located at 3727 S Hood AVE in Portland’s South Waterfront district, with access to nearby dining and coffee shops, downtown Portland, and OHSU. Its unit count, modern construction, and amenity package create a cohesive multifamily asset in an established urban setting.
Key Highlights
- 18‑unit apartment building built in 2023
- Open‑plan residences with tall ceilings and natural light
- Custom cabinetry and stainless‑steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$124,484
Cap Rate
3.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,489,680
$2.5M
Cap Rate 7%
$1,778,343
$1.8M
Cap Rate 9%
$1,383,156
$1.4M
Market Conditions
NOI Build-Up for 9,695 SF
Gross rent
$238.5K $24.60/SF
− Vacancy
−$12.2K −$1.25/SF
EGI
$226.3K $23.35/SF
− OpEx
−$101.9K −$10.51/SF
NOI
$124.5K $12.84/SF
Area
Portland, OR
Vacancy
5.10%
Lease Rate
$24.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,489,680
Cap Rate 7%
$1,778,343
Cap Rate 9%
$1,383,156
Alternative Uses
Best Use
Apartment 5plus
$1.78M
$1.56M – $2.07M
NOI $124,484 @ 7.0% cap · market cap 3.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.72M
$2.38M – $3.18M
NOI $190,582 @ 7.0% cap · market cap 5.61%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
18
Residential units
Location Intelligence
Trade Area within ½ mile
5,413
Businesses Nearby
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Business Placement
Demographics for 97239, OR
18,323
Population
9,963
Households
1.8
Avg Household Size
39
Median Age
74%
College-Educated
99%
High-School Grad
3.6 sq mi
ZIP Area
5,090
Density / Sq Mi
$108,795
Median Household Income
$67,384
Median Earnings
$1,749
Median Rent
$713,100
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?
Apartment building - Modern residences offer open layouts, tall ceilings, stainless-steel appliances, and select private outdoor spaces.
Where is this apartment building located?
The property is located at 3727 S Hood AVE Portland, OR.
What is the asking price?
The asking price for this property is $3,399,900.
What are key features of this property?
This property features: 18‑unit apartment building built in 2023; Open‑plan residences with tall ceilings and natural light; Custom cabinetry and stainless‑steel appliances
