Newly Built Fourplex Residential
For Sale
Contact for pricing
4064 Southeast Long Street, Portland, OR 97202
Modern four-plex with efficient two-bedroom layouts and private fenced outdoor space in Portland’s Woodstock area.
Property Size3,952 SF
Price / SF$417.48
Days on Market70
Property Features for 4064 Southeast Long Street
General Information
Standard status
Active
Size
3,952 SF
Class
A
Property subtype
Multifamily
Zoning
R5
Investment Type
Value Add
Additional Details
Multifamily Units
4
Building Details
Year Built
2026
Buildings
1
Units
4
Listing Agency:
Keller Williams Realty Portland Premiere
(503) 597-2444
Listed By:
Darryl Bodle · License #199910100
Source:
Crexi
Added: Jun 12
Changed: Aug 13
Last Checked: Aug 20 at 8:14AM
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 Premiere
Investment Insights
Based on property information with market context.
This newly constructed fourplex offers four separate residential homes designed for day-to-day livability. Each unit features two bedrooms and two and one-half bathrooms, with energy-efficient mini split systems for year-round heating and cooling. Bedroom tray ceilings add detail, and each home includes a fenced outdoor area for private use. The front home is described as the largest floor plan with excellent natural light, while the back home is noted for a larger yard area.
Located at 4064 Southeast Long Street in Portland’s Woodstock neighborhood, the property is positioned for easy access to the area’s daily amenities. The remarks cite a Bike Score of 95, supporting convenient movement through the surrounding SE Portland bike network. Nearby offerings mentioned include Keeper Coffee Co and Woodstock Coffee for mornings, The Heist for lunch and dinner, and New Seasons Market for groceries, prepared meals, and related errands.
For buyers seeking a boutique, modern residential income asset, the combination of new construction, efficient mechanicals, and private outdoor space is tailored to attract and retain residents. The property’s two-bedroom, two-and-one-half-bath configuration also provides a practical layout profile for households looking for comfort and privacy within a small multifamily setting.
Located at 4064 Southeast Long Street in Portland’s Woodstock neighborhood, the property is positioned for easy access to the area’s daily amenities. The remarks cite a Bike Score of 95, supporting convenient movement through the surrounding SE Portland bike network. Nearby offerings mentioned include Keeper Coffee Co and Woodstock Coffee for mornings, The Heist for lunch and dinner, and New Seasons Market for groceries, prepared meals, and related errands.
For buyers seeking a boutique, modern residential income asset, the combination of new construction, efficient mechanicals, and private outdoor space is tailored to attract and retain residents. The property’s two-bedroom, two-and-one-half-bath configuration also provides a practical layout profile for households looking for comfort and privacy within a small multifamily setting.
Key Highlights
- Newly constructed 4‑plex built in 2026 in Portland’s Woodstock neighborhood
- Each unit features 2 bedrooms and 2.5 bathrooms with energy‑efficient mini‑splits for heating and cooling
- Units include private fenced outdoor space for tenant use
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
$57,422
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
3.48%
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%
$1,148,440
$1.1M
Cap Rate 7%
$820,314
$820.3K
Cap Rate 9%
$638,022
$638.0K
Market Conditions
NOI Build-Up for 3,952 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
$87.7K $22.20/SF
− Vacancy
−$5.7K −$1.44/SF
EGI
$82.0K $20.76/SF
− OpEx
−$24.6K −$6.23/SF
NOI
$57.4K $14.53/SF
Area
ZIP 97202
Vacancy
6.50%
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%
$1,148,440
Cap Rate 7%
$820,314
Cap Rate 9%
$638,022
Alternative Uses
Best Use
Multifamily LT 5
$820.3K
$717.8K – $957.0K
NOI $57,422 @ 7.0% cap · market cap 3.48%
Second Best
Apartment 5plus
$761.7K
$666.5K – $888.6K
NOI $53,318 @ 7.0% cap · market cap 3.23%
Theoretical Best
Office A
$942.8K
$825.0K – $1.10M
NOI $65,998 @ 7.0% cap · market cap 4.00%
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
768
Businesses Nearby
Explore this area
Business Placement
Demographics for 97202, OR
43,193
Population
20,097
Households
2.1
Avg Household Size
38
Median Age
65%
College-Educated
96%
High-School Grad
6.3 sq mi
ZIP Area
6,856
Density / Sq Mi
$100,353
Median Household Income
$52,090
Median Earnings
$1,674
Median Rent
$684,800
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?
Quadplex - Modern four-plex with efficient two-bedroom layouts and private fenced outdoor space in Portland’s Woodstock area.
Where is this quadplex located?
The property is located at 4064 Southeast Long Street Portland, OR.
What is the asking price?
The asking price for this property is $1,649,900.
What are key features of this property?
This property features: Newly constructed 4‑plex built in 2026 in Portland’s Woodstock neighborhood; Each unit features 2 bedrooms and 2.5 bathrooms with energy‑efficient mini‑splits for heating and cooling; Units include private fenced outdoor space for tenant use
