Four-Plex with Private Outdoor
For Sale
$875,000
4724 NE 101ST Ave, Portland, OR 97220
MULTI_FAMILY - Portland, OR
Property Size4,320 SF
Lot Size0.12 Acres
Price / SF$202.55
Days on Market579
Property Features for 4724 NE 101ST Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
CG
Bedrooms
8
Bathrooms
8
Full bathrooms
8
Rooms
Bathroom 4, Bedroom 6, Bedroom 5, Bedroom 2, Bathroom 2, Bathroom 8, Bedroom 3, Bedroom 1, Bedroom 4, Bathroom 3, Bathroom 5, Bathroom 6, Bathroom 1, Bedroom 8, Bathroom 7, Bedroom 7
Subdivision
PARKROSE
Elementary school
Prescott
Middle school
Parkrose
High school
Parkrose
Directions
NE Wygant & NE 101st
Standard status
Active
APN
R235706
Size
4,320 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Description
PARKROSE & RPLT, BLOCK 81, LOT 13
Tax Annual Amount
10376
Legal Description
PARKROSE & RPLT, BLOCK 81, LOT 13
Utilities
Heating system
Forced Air
Building Details
Year built
2005
Floors in Building
2
Number of units
4
Roof type
Shingle, Composition
Listing Agency:
All Professionals Real Estate
(503) 259-2100
Listed By:
Scott Osmon · License #200604375
(503) 459-1623
Added: Jan 1, 2025
Changed: Aug 2
Last Checked: Aug 3 at 3:06AM
MLS# 24068858
Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This fully occupied quadplex offers a durable, low-maintenance income property featuring four residential units in a single building. The property was built in 2005 and substantially updated in 2014. Each unit includes two bedrooms and two full bathrooms with an open-concept layout, approximately 900 square feet of living space, washer/dryer hookups, dedicated storage, and private outdoor space.
Outdoor space is configured to fit the unit level: the lower units feature fenced backyards, while the upper units offer both front and rear balconies. Additional exterior and building details include fiber cement siding, forced-air gas heat, and a shingle/composition roof, supported by public utilities. The property sits on a level lot with off-street parking.
Zoned CG, the location provides quick access to I-205, Portland International Airport, public transportation, shopping, dining, parks, and major employers.
Outdoor space is configured to fit the unit level: the lower units feature fenced backyards, while the upper units offer both front and rear balconies. Additional exterior and building details include fiber cement siding, forced-air gas heat, and a shingle/composition roof, supported by public utilities. The property sits on a level lot with off-street parking.
Zoned CG, the location provides quick access to I-205, Portland International Airport, public transportation, shopping, dining, parks, and major employers.
Key Highlights
- Built in 2005; substantially updated in 2014
- Fully occupied four‑plex with four units
- Each unit has 2 bedrooms, 2 full bathrooms, approx. 900 SF, and washer/dryer hookups
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 | $90.7k | $21.00 |
| − Vacancy | −$4.7k | −$1.09 |
| EGI | $86.0k | $19.91 |
| − OpEx | −$25.8k | −$5.97 |
| NOI | $60.2k | $13.94 |
4,320 SF · lease $21.00/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$860.0K
$752.5K – $1.00M
NOI $60,202 @ 7.0% cap · market cap 6.88%
Second Best
Apartment 5plus
$792.4K
$693.4K – $924.5K
NOI $55,469 @ 7.0% cap · market cap 6.34%
Theoretical Best
Office A
$1.21M
$1.06M – $1.42M
NOI $84,921 @ 7.0% cap · market cap 9.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
720
Businesses Nearby
Explore this area
Business Placement
Demographics for 97220, OR
29,357
Population
12,177
Households
2.4
Avg Household Size
39
Median Age
35%
College-Educated
88%
High-School Grad
7.5 sq mi
ZIP Area
3,914
Density / Sq Mi
$68,976
Median Household Income
$41,696
Median Earnings
$1,412
Median Rent
$427,700
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?
Quadplex - Fully occupied quadplex on a level lot, with off-street parking and units featuring private outdoor space and washer/dryer hookups.
Where is this quadplex located?
The property is located at 4724 NE 101ST Ave Portland, OR.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Built in 2005; substantially updated in 2014; Fully occupied four‑plex with four units; Each unit has 2 bedrooms, 2 full bathrooms, approx. 900 SF, and washer/dryer hookups
