Portland Fourplex Restoration
4504 North Maryland Avenue, Portland, OR 97217
Classic fourplex in established neighborhood, ideal for renovation.
Type:Multi Family
Property size:
3,240 SFPrice / SF:
$211/SF- Added:
- May 19, 2026
- Days on Market:
- 15
- Last Refresh:
- May 20 at 8:50 am
Property Features for 4504 North Maryland Avenue
General Information
- Standard status
- Active
- Size
- 3,240 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1944
Listing agent Carmel Siler License #200011002 (503) 810-6822
Listing office Windermere Realty Trust (503) 810-6822
Listing date May 19, 2026
Source Compass
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 Windermere Realty Trust
HighLights
- Fourplex with significant upside potential through renovation.
- Located in an established Portland neighborhood with strong rental demand.
- Ideal for investors, builders, or owner‑occupants seeking value creation.
- Four one‑bedroom, one‑bath units provide flexible rental income potential.
- Convenient access to I‑5 and the Yellow MAX line.
- Partial basement offers space for laundry or storage.
Overview
This Portland fourplex presents a restoration opportunity with potential for value creation. The property, suitable for investors, builders, or owner-occupants, features four one-bedroom, one-bath units. A partial basement provides space for laundry or storage. The location offers convenient access to I-5 and the Yellow MAX line, as well as the Mississippi neighborhood in North Portland. The property size is 3240 square feet. This property is ready for its next chapter, with more details to follow.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $68.0k | $21.00 |
| − Vacancy | −$3.5k | −$1.09 |
| EGI | $64.5k | $19.91 |
| − OpEx | −$19.4k | −$5.97 |
| NOI | $45.2k | $13.94 |
3,240 SF · lease $21.00/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$645.0K
$564.4K – $752.5K
NOI $45,151 @ 7.0% cap · market cap 6.59%
Second Best
Apartment 5plus
$594.3K
$520.0K – $693.4K
NOI $41,602 @ 7.0% cap · market cap 6.07%
Theoretical Best
Office A
$909.9K
$796.1K – $1.06M
NOI $63,691 @ 7.0% cap · market cap 9.30%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Bantu Properties LLC
Property Management Company
Location Insight
- Map
- Local Demand
- City
- Portland
- County
- Washington
- State
- Oregon
- Longitude
- -122.6807261
- Latitude
- 45.5556553
Nearby Similar for Sale
FAQs
What type of property is this?
Quadplex - Classic fourplex in established neighborhood, ideal for renovation.
Where is this quadplex located?
The property is located at 4504 North Maryland Avenue Portland, OR.
What is the asking price?
The asking price for this property is $685,000.
What are key features of this property?
This property features: Fourplex with significant upside potential through renovation.; Located in an established Portland neighborhood with strong rental demand.; Ideal for investors, builders, or owner‑occupants seeking value creation.
