Detached Homes Rental
For Sale
$2,309,900
4328 NE Going ST, Portland, OR 97218
Six brand-new detached homes offer private fenced yards, modern interiors, and energy-efficient heating and cooling for resident comfort.
Property Size5,500 SF
Price / SF$419.98
Days on Market402
Property Features for 4328 NE Going ST
General Information
Standard status
Active
Size
5,500 SF
Total Parking Spaces
4
Property subtype
Multi-Family
Zoning
R7
Net Operating Income
$132,507
Additional Details
Multifamily Units
6
Amenities
CrawlSpace
Electricity,Tank
UnitTypeType1,UnitTypeType2,UnitTypeType3
Electricity
2
3
AirConditioning,Dishwasher,Range,WasherDryerHookup
2350
4
2650
1
2700
Level,PublicRoad
PublicWater
4.0
0.22
Assigned,OffStreet
Paved
ConcretePerimeter,StemWall
5500.0
BoardBattenSiding,CementSiding,LapSiding
Building Details
Building Size
5,500 SF
Year Built
2025
Stories
2
Listing Agency:
CB Cascade - Wenatchee
(503) 701-7023
Listed By:
Julie Lais
(503) 701-7023
Source:
Premierepropertygroup
Added: Jul 15, 2025
Changed: Aug 19
Last Checked: Aug 20 at 4:27AM
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 CB Cascade - Wenatchee
Investment Insights
Based on property information with market context.
This offering includes six newly constructed, fully detached homes in a cottage-style community. The mix features four 2-bedroom, 2.1-bath homes and two 3-bedroom, 2.1-bath homes, each designed with an open-concept great room, soaring ceilings, and large picture windows. Interiors include stainless steel appliances, solid surface countertops, custom cabinetry, a tile backsplash, designer lighting, and modern hardware. Each home has upper-level laundry for everyday convenience, along with energy-efficient mini-split systems for year-round heating and cooling.
The homes are located in Northeast Portland, just blocks from Wilshire Park and near the Beaumont-Wilshire area. The community is also described as being close to Beaumont Village, the Hollywood District, neighborhood cafes, restaurants, shops, and transit access. The portfolio’s residential setting is further supported by a reported 96 Bike Score.
This six-home portfolio is positioned for tenants seeking detached living with private outdoor space. Every home includes a fenced yard area for usable outdoor living, and four of the six homes include a dedicated off-street parking space. With all units listed as brand new and move-in ready, the property presents a modern, low-maintenance rental option within a thoughtfully designed community setting.
The homes are located in Northeast Portland, just blocks from Wilshire Park and near the Beaumont-Wilshire area. The community is also described as being close to Beaumont Village, the Hollywood District, neighborhood cafes, restaurants, shops, and transit access. The portfolio’s residential setting is further supported by a reported 96 Bike Score.
This six-home portfolio is positioned for tenants seeking detached living with private outdoor space. Every home includes a fenced yard area for usable outdoor living, and four of the six homes include a dedicated off-street parking space. With all units listed as brand new and move-in ready, the property presents a modern, low-maintenance rental option within a thoughtfully designed community setting.
Key Highlights
- Six newly built detached homes in Northeast Portland portfolio (year built 2025)
- Unit mix: four 2‑bedroom, 2.1‑bath homes and two 3‑bedroom, 2.1‑bath homes
- Rental units include listed rents of $2,350 (4 units), $2,650 (1 unit), and $2,700 (1 unit)
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
$70,620
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
3.06%
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%
$1,412,400
$1.4M
Cap Rate 7%
$1,008,857
$1.0M
Cap Rate 9%
$784,667
$784.7K
Market Conditions
NOI Build-Up for 5,500 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
$135.3K $24.60/SF
− Vacancy
−$6.9K −$1.25/SF
EGI
$128.4K $23.35/SF
− OpEx
−$57.8K −$10.51/SF
NOI
$70.6K $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 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%
$1,412,400
Cap Rate 7%
$1,008,857
Cap Rate 9%
$784,667
Alternative Uses
Best Use
Apartment 5plus
$1.01M
$882.8K – $1.18M
NOI $70,620 @ 7.0% cap · market cap 3.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.54M
$1.35M – $1.80M
NOI $108,118 @ 7.0% cap · market cap 4.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
954
Businesses Nearby
Explore this area
Business Placement
Demographics for 97218, OR
14,748
Population
6,440
Households
2.3
Avg Household Size
38
Median Age
51%
College-Educated
91%
High-School Grad
6.7 sq mi
ZIP Area
2,201
Density / Sq Mi
$81,367
Median Household Income
$45,830
Median Earnings
$1,440
Median Rent
$493,300
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Six brand-new detached homes offer private fenced yards, modern interiors, and energy-efficient heating and cooling for resident comfort.
Where is this apartment building located?
The property is located at 4328 NE Going ST Portland, OR.
What is the asking price?
The asking price for this property is $2,309,900.
What are key features of this property?
This property features: Six newly built detached homes in Northeast Portland portfolio (year built 2025); Unit mix: four 2‑bedroom, 2.1‑bath homes and two 3‑bedroom, 2.1‑bath homes; Rental units include listed rents of $2,350 (4 units), $2,650 (1 unit), and $2,700 (1 unit)
