Residential
For Sale
$850,000
3907 SE Salmon St, Portland, OR 97214
Three residential units offer a single-property rental configuration.
Property Size2,420 SF
Price / SF$351.24
Days on Market11
Property Features for 3907 SE Salmon St
General Information
Standard status
Active
Size
2,420 SF
Property subtype
Multi Family Home
Zoning
R2.5
Site & Location
Neighborhood
Sunnyside
Additional Details
Land Use
residential
Taxes and HOA fees
Annual Taxes
$10,149
Building Details
Building Size
2,420 SF
Year Built
1978
Stories
2
Units
3
Listing Agency:
Engel & Volkers Portland Rose City
Listed By:
Samuel Real
(971) 407-8729
Source:
Duanejohnson
Added: Oct 22
Changed: Oct 25
Last Checked: Oct 29 at 8:13PM
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 Engel & Volkers Portland Rose City
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This residential property contains three units within 2,420 square feet. Built in 1978, it is located at 3907 SE Salmon St in Portland, Oregon.
Key Highlights
- Three‑unit residential property
- 2,420 square feet
- Built in 1978
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,724
Cap Rate
3.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$674,480
$674.5K
Cap Rate 7%
$481,771
$481.8K
Cap Rate 9%
$374,711
$374.7K
Market Conditions
NOI Build-Up for 2,420 SF
Gross rent
$50.8K $21.00/SF
− Vacancy
−$2.6K −$1.09/SF
EGI
$48.2K $19.91/SF
− OpEx
−$14.5K −$5.97/SF
NOI
$33.7K $13.94/SF
Area
Portland, OR
Vacancy
5.20%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$674,480
Cap Rate 7%
$481,771
Cap Rate 9%
$374,711
Alternative Uses
Best Use
Multifamily LT 5
$481.8K
$421.6K – $562.1K
NOI $33,724 @ 7.0% cap · market cap 3.97%
Second Best
Apartment 5plus
$443.9K
$388.4K – $517.9K
NOI $31,073 @ 7.0% cap · market cap 3.66%
Theoretical Best
Office A
$679.6K
$594.7K – $792.9K
NOI $47,572 @ 7.0% cap · market cap 5.60%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
1,879
Businesses Nearby
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Business Placement
Demographics for 97214, OR
28,403
Population
15,948
Households
1.8
Avg Household Size
36
Median Age
67%
College-Educated
98%
High-School Grad
2.9 sq mi
ZIP Area
9,794
Density / Sq Mi
$86,879
Median Household Income
$55,643
Median Earnings
$1,628
Median Rent
$733,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Three residential units offer a single-property rental configuration.
Where is this triplex located?
The property is located at 3907 SE Salmon St Portland, OR.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Three‑unit residential property; 2,420 square feet; Built in 1978
