Triplex with Detached
For Sale
$995,000
4249 SE STARK St, Portland, OR 97215
MultiFamily, Portland, OR
Property Size3,777 SF
Price / SF$263.44
Days on Market12
Property Features for 4249 SE STARK St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R5
Bedrooms
5
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 4, Bathroom 3, Bathroom 4, Bedroom 3, Bedroom 2, Bedroom 5, Bathroom 1, Bathroom 2, Bedroom 1
Subdivision
Laurehurst,Tabor
Elementary school
Glencoe
Middle school
Mt Tabor
High school
Franklin
Directions
Stark and or Oak Ct Alley Way
Standard status
Active
APN
R203968
Size
3,777 SF
Taxes and HOA fees
Tax Description
LAURELHURST, BLOCK 97, LOT 16
Tax Annual Amount
10118
Legal Description
LAURELHURST, BLOCK 97, LOT 16
Utilities
Heating system
Forced Air, Radiant
Cooling system
Central Air, Window Unit(s)
Building Details
Year built
1923
Floors in Building
3
Number of units
3
Roof type
Composition
Listing Agency:
Keller Williams Realty Professionals
(503) 546-9955
Listed By:
Beth Hamilton
(503) 515-1569
Added: Sep 28
Changed: Oct 8
Last Checked: Oct 9 at 10:06AM
MLS# 470461748
Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 3,777-square-foot property combines a 1923 residence with a permitted apartment on the lower level and a detached ADU. The apartment has its own entrance, kitchen, bathroom, and living area. The main home offers two bedrooms, two full bathrooms, and a den that can serve as an office or bedroom. Its interior includes hardwood floors, built-ins, French doors, high ceilings, crown molding, and a fireplace. The kitchen was remodeled in 2023, and the home has forced-air and radiant heating, along with central air and window-unit cooling. An upper-level area and adjoining unfinished space provide additional interior area.
Off-street parking is accessed from a private street behind the property. Laurelhurst Park is a few blocks away, with restaurants, coffee shops, shopping, and theaters in the nearby Hawthorne, Belmont, Division, and SE 28th areas. Mt. Tabor is also nearby. The property has an 85 Walk Score and a 97 Bike Score.
Off-street parking is accessed from a private street behind the property. Laurelhurst Park is a few blocks away, with restaurants, coffee shops, shopping, and theaters in the nearby Hawthorne, Belmont, Division, and SE 28th areas. Mt. Tabor is also nearby. The property has an 85 Walk Score and a 97 Bike Score.
Key Highlights
- 3,777‑square‑foot property with a main residence, permitted apartment, and detached ADU
- Lower‑level apartment has a separate entrance, kitchen, bathroom, and living area
- Main residence includes 2 bedrooms, 2 full bathrooms, and a den
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,635
Cap Rate
5.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,052,700
$1.1M
Cap Rate 7%
$751,929
$751.9K
Cap Rate 9%
$584,833
$584.8K
Market Conditions
NOI Build-Up for 3,777 SF
Gross rent
$79.3K $21.00/SF
− Vacancy
−$4.1K −$1.09/SF
EGI
$75.2K $19.91/SF
− OpEx
−$22.6K −$5.97/SF
NOI
$52.6K $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%
$1,052,700
Cap Rate 7%
$751,929
Cap Rate 9%
$584,833
Alternative Uses
Best Use
Multifamily LT 5
$751.9K
$657.9K – $877.3K
NOI $52,635 @ 7.0% cap · market cap 5.29%
Second Best
Apartment 5plus
$692.8K
$606.2K – $808.3K
NOI $48,497 @ 7.0% cap · market cap 4.87%
Theoretical Best
Office A
$1.06M
$928.1K – $1.24M
NOI $74,247 @ 7.0% cap · market cap 7.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
3,116
Businesses Nearby
Explore this area
Business Placement
Demographics for 97215, OR
18,221
Population
7,855
Households
2.3
Avg Household Size
40
Median Age
64%
College-Educated
97%
High-School Grad
2.3 sq mi
ZIP Area
7,922
Density / Sq Mi
$114,361
Median Household Income
$62,704
Median Earnings
$1,587
Median Rent
$658,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Triplex - Three separate living spaces include a permitted lower-level apartment and an additional detached unit.
Where is this triplex located?
The property is located at 4249 SE STARK St Portland, OR.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: 3,777‑square‑foot property with a main residence, permitted apartment, and detached ADU; Lower‑level apartment has a separate entrance, kitchen, bathroom, and living area; Main residence includes 2 bedrooms, 2 full bathrooms, and a den
