Detached Four-Home Multifamily
For Sale
$1,940,000
3827 SW Pomona Street, Portland, OR 97219
Detached residences feature private patios, open layouts, and contemporary interior finishes.
Property Size5,000 SF
Price / SF$388
Days on Market24
Property Features for 3827 SW Pomona Street
General Information
Standard status
Active
Size
5,000 SF
Property subtype
Multi-family
Units
Unit Mix
4 x 3BR/2.1BA
Multifamily Units
4
Amenities
SS appliances
quartz counters
private patio
high ceilings
Building Details
Year Built
2026
Buildings
4
Construction
Craftsman
Listing Agency:
The Koval Group
Listed By:
Aleksander Koval
(877) 319-7625
Source:
Century21northhomes
Added: Jul 31
Changed: Aug 23
Last Checked: Aug 23 at 8:34AM
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 The Koval Group
Investment Insights
Based on property information with market context.
This multifamily property includes four detached, fee-simple homes, each with three bedrooms, 2.1 baths, and approximately 1,250 SF. Built in 2026, the residences use a Craftsman design with abundant windows, open living areas, private patios, high ceilings, quartz countertops, stainless steel appliances, and upgraded finishes. The four homes total approximately 5,000 SF.
The property is located at 3827 SW Pomona Street in Portland’s 97219 ZIP code, with dining, shopping, parks, and entertainment nearby. A builder warranty is included, and the homes carry a 10 out of 10 home energy score.
The property is located at 3827 SW Pomona Street in Portland’s 97219 ZIP code, with dining, shopping, parks, and entertainment nearby. A builder warranty is included, and the homes carry a 10 out of 10 home energy score.
Key Highlights
- Four detached fee‑simple homes in one multifamily property
- Each residence includes 3 bedrooms, 2.1 baths, and about 1,250 SF
- Approximately 5,000 SF total property size; built in 2026
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
$64,694
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
3.33%
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%
$1,293,880
$1.3M
Cap Rate 7%
$924,200
$924.2K
Cap Rate 9%
$718,822
$718.8K
Market Conditions
NOI Build-Up for 5,000 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
$125.4K $25.08/SF
− Vacancy
−$7.8K −$1.55/SF
EGI
$117.6K $23.53/SF
− OpEx
−$52.9K −$10.59/SF
NOI
$64.7K $12.94/SF
Area
ZIP 97219
Vacancy
6.20%
Lease Rate
$25.08 /SF/Yr
Expense Ratio
45.00%
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%
$1,293,880
Cap Rate 7%
$924,200
Cap Rate 9%
$718,822
Alternative Uses
Best Use
Apartment 5plus
$924.2K
$808.7K – $1.08M
NOI $64,694 @ 7.0% cap · market cap 3.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.40M
$1.23M – $1.64M
NOI $98,289 @ 7.0% cap · market cap 5.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
507
Businesses Nearby
Explore this area
Business Placement
Demographics for 97219, OR
42,474
Population
18,881
Households
2.2
Avg Household Size
40
Median Age
66%
College-Educated
98%
High-School Grad
11.7 sq mi
ZIP Area
3,630
Density / Sq Mi
$115,525
Median Household Income
$59,178
Median Earnings
$1,603
Median Rent
$651,600
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?
Multifamily property - Detached residences feature private patios, open layouts, and contemporary interior finishes.
Where is this multifamily property located?
The property is located at 3827 SW Pomona Street Portland, OR.
What is the asking price?
The asking price for this property is $1,940,000.
What are key features of this property?
This property features: Four detached fee‑simple homes in one multifamily property; Each residence includes 3 bedrooms, 2.1 baths, and about 1,250 SF; Approximately 5,000 SF total property size; built in 2026
