Modern Ten-Unit Apartment
For Sale
$2,750,000
436 NE Stafford St, Portland, OR 97211
Three-story property with bright interiors, stainless steel appliances, and in-unit laundry across a varied residential unit mix.
Property Size9,084 SF
Lot Size0.11 Acres
Price / SF$302.73
Days on Market207
Property Features for 436 NE Stafford St
General Information
Standard status
Active
Size
9,084 SF
Lot size
0.11 Acres
Property subtype
Multi-Family
Site & Location
Neighborhood
Woodlawn
Units
Unit Mix
5 x 1BR
Multifamily Units
10
Amenities
in-unit washers and dryers
Building Details
Year Built
2018
Buildings
1
Stories
3
Listing Agency:
SMI Commercial Real Estate LLC
Listed By:
Jude Soldati · License #201244226
(503) 799-4264
Source:
Evergreenrealestatepartners
Added: Apr 1
Changed: Oct 4
Last Checked: Oct 7 at 1:13PM
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 SMI Commercial Real Estate LLC
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Investment Insights
Based on property information with market context.
Completed in 2018, this three-story apartment property contains 10 units averaging 908 square feet. The configuration includes five one-bedroom apartments along with two- and three-bedroom residences. Interior finishes include stainless steel appliances, in-unit washers and dryers, granite countertops, tile backsplashes, and contemporary bathroom vanities. Abundant natural light is present throughout the units.
The property occupies a 5,000-square-foot lot at 436 Northeast Stafford Street in Portland’s NE Woodlawn neighborhood. Restaurants, shops, and other local amenities are nearby, with access to downtown Portland also identified as convenient. Zoning is PDX-CE. Professional management and in-place rents are part of the property’s operating profile.
The property occupies a 5,000-square-foot lot at 436 Northeast Stafford Street in Portland’s NE Woodlawn neighborhood. Restaurants, shops, and other local amenities are nearby, with access to downtown Portland also identified as convenient. Zoning is PDX-CE. Professional management and in-place rents are part of the property’s operating profile.
Key Highlights
- 10‑unit apartment property built in 2018
- Three‑story building with 9,084 square feet of property size
- Unit mix includes five one‑bedroom apartments plus two- and three‑bedroom units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$116,638
Cap Rate
4.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,332,760
$2.3M
Cap Rate 7%
$1,666,257
$1.7M
Cap Rate 9%
$1,295,978
$1.3M
Market Conditions
NOI Build-Up for 9,084 SF
Gross rent
$223.5K $24.60/SF
− Vacancy
−$11.4K −$1.25/SF
EGI
$212.1K $23.35/SF
− OpEx
−$95.4K −$10.51/SF
NOI
$116.6K $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 Rate 5%
$2,332,760
Cap Rate 7%
$1,666,257
Cap Rate 9%
$1,295,978
Alternative Uses
Best Use
Apartment 5plus
$1.67M
$1.46M – $1.94M
NOI $116,638 @ 7.0% cap · market cap 4.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.55M
$2.23M – $2.98M
NOI $178,571 @ 7.0% cap · market cap 6.49%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
10
Residential units
Location Intelligence
Trade Area within ½ mile
576
Businesses Nearby
Explore this area
Business Placement
Demographics for 97211, OR
33,762
Population
15,106
Households
2.2
Avg Household Size
38
Median Age
56%
College-Educated
96%
High-School Grad
7.1 sq mi
ZIP Area
4,755
Density / Sq Mi
$109,604
Median Household Income
$59,171
Median Earnings
$1,818
Median Rent
$616,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Three-story property with bright interiors, stainless steel appliances, and in-unit laundry across a varied residential unit mix.
Where is this apartment building located?
The property is located at 436 NE Stafford St Portland, OR.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: 10‑unit apartment property built in 2018; Three‑story building with 9,084 square feet of property size; Unit mix includes five one‑bedroom apartments plus two- and three‑bedroom units
