Portland Fourplex Restoration
4504 North Maryland Avenue Portland, OR 97217
4504 North Maryland Avenue, Portland, OR, 97217
$685,000
For Sale
$685,000
Classic fourplex in established neighborhood, ideal for renovation.
Property Size3,240 SF
Price / SF$211.42
Days on Market60
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 Agency
Windermere Realty Trust
(503) 810-6822
Listed by
Carmel Siler · License #200011002
(503) 810-6822
Source
Compass
Added: May 19 Checked: Jul 17 at 4:20 am
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
Investment Insights
Based on property information with market context.
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.
Key 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.
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.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Bantu Properties LLC
Property Management Company
Similar For Sale Nearby
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.
