Modern Ten-Unit Apartment
For Sale
$2,750,000
436 Northeast Stafford Street, 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 Market308
Property Features for 436 Northeast Stafford Street
General Information
Standard status
Active
Size
9,084 SF
Lot size
0.11 Acres
Property subtype
Multi Family
Zoning
PDX-CE
Units
Unit Mix
5 x 1BR
Multifamily Units
10
Taxes and HOA fees
Annual Taxes
$26,255
Amenities
in-unit washers and dryers
3
Other
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:
Compass
Added: Oct 30, 2025
Changed: Sep 2
Last Checked: Sep 1 at 11:22PM
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
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 = 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
$116,638
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
4.24%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
Current Use
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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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 Northeast Stafford Street 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
