Triplex with Vacant
For Sale
$399,999
4731 Ne 62nd Ave, Portland, OR 97218
Combined duplex and detached home with on-site parking, a rear carport, and one unit available for occupancy.
Property Size1,987 SF
Price / SF$201.31
Days on Market61
Property Features for 4731 Ne 62nd Ave
General Information
Standard status
Active
Size
1,987 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Cully Association of Neighbors
Additional Details
Multifamily Units
3
Building Details
Year Built
1923
Buildings
2
Listing Agency:
Keller Williams Realty Professionals
Listed By:
Bradley Wulf
(503) 422-8673
Source:
Heartandhomesnw
Added: Sep 3
Changed: Oct 31
Last Checked: Nov 1 at 6:03AM
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 Keller Williams Realty Professionals
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This triplex combines a duplex with a separate detached house on one tax lot, creating three residential units within a 1,987-square-foot property built in 1923. Two units are currently rented, while the remaining duplex unit is vacant and ready for occupancy. On-site parking is provided, including a carport serving the rear unit.
The property is located at 4731 NE 62nd AVE in Portland, Oregon. A Home Energy Score of 5 is documented, and upgrades have been completed at the property.
The property is located at 4731 NE 62nd AVE in Portland, Oregon. A Home Energy Score of 5 is documented, and upgrades have been completed at the property.
Key Highlights
- Triplex configuration includes a duplex and detached house on one tax lot
- 1,987 square feet; built in 1923
- Two units rented; additional duplex unit is vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,690
Cap Rate
6.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$553,800
$553.8K
Cap Rate 7%
$395,571
$395.6K
Cap Rate 9%
$307,667
$307.7K
Market Conditions
NOI Build-Up for 1,987 SF
Gross rent
$41.7K $21.00/SF
− Vacancy
−$2.2K −$1.09/SF
EGI
$39.6K $19.91/SF
− OpEx
−$11.9K −$5.97/SF
NOI
$27.7K $13.94/SF
Area
Portland, OR
Vacancy
5.20%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$553,800
Cap Rate 7%
$395,571
Cap Rate 9%
$307,667
Alternative Uses
Best Use
Multifamily LT 5
$395.6K
$346.1K – $461.5K
NOI $27,690 @ 7.0% cap · market cap 6.92%
Second Best
Apartment 5plus
$364.5K
$318.9K – $425.2K
NOI $25,513 @ 7.0% cap · market cap 6.38%
Theoretical Best
Office A
$558.0K
$488.3K – $651.0K
NOI $39,060 @ 7.0% cap · market cap 9.77%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
450
Businesses Nearby
Explore this area
Business Placement
Demographics for 97218, OR
14,748
Population
6,440
Households
2.3
Avg Household Size
38
Median Age
51%
College-Educated
91%
High-School Grad
6.7 sq mi
ZIP Area
2,201
Density / Sq Mi
$81,367
Median Household Income
$45,830
Median Earnings
$1,440
Median Rent
$493,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Combined duplex and detached home with on-site parking, a rear carport, and one unit available for occupancy.
Where is this triplex located?
The property is located at 4731 Ne 62nd Ave Portland, OR.
What is the asking price?
The asking price for this property is $399,999.
What are key features of this property?
This property features: Triplex configuration includes a duplex and detached house on one tax lot; 1,987 square feet; built in 1923; Two units rented; additional duplex unit is vacant
