Triplex with Vacant
For Sale
$375,000
4731 NE 62ND Ave, Portland, OR 97218
MultiFamily, Portland, OR
Property Size1,987 SF
Lot Size0.20 Acres
Price / SF$188.73
Days on Market52
Property Features for 4731 NE 62ND Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R7H
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 4, Bedroom 2, Bedroom 1, Bedroom 3, Bedroom 5, Bathroom 3, Bathroom 2, Bathroom 1
Elementary school
Rigler
Middle school
Roseway Heights
High school
Leodis McDaniel
Directions
Prescott, N on Cully, N on 62nd.
Subdivision
_142
Standard status
Active
APN
R596341
Size
1,987 SF
Lot size
0.20 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Description
PARTITION PLAT 2007-38, LOT 1
Tax Annual Amount
2595
Legal Description
PARTITION PLAT 2007-38, LOT 1
Utilities
Heating system
Forced Air
Building Details
Year built
1923
Floors in Building
1
Number of units
3
Roof type
Composition, Built-Up
Buildings
2
Listing Agency:
Keller Williams Realty Professionals
(503) 546-9955
Listed By:
Bradley Wulf
(503) 422-8673
Added: Sep 11
Changed: Oct 30
Last Checked: Nov 1 at 8:06PM
MLS# 794853348
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.
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Investment Insights
Based on property information with market context.
This residential income property combines a duplex and a separate house into a three-unit configuration on one tax lot. The improvements total 1,987 square feet and date to 1923, with forced-air heating and built-up and composition roofing. Some upgrades have been completed, and the property includes on-site parking plus a carport serving the rear unit.
Two of the three units are occupied: the house and one duplex residence. The remaining duplex unit is vacant and ready for occupancy. The property sits on 0.2 acres and carries R7H zoning. A Home Energy Score of 5 is also reported.
Two of the three units are occupied: the house and one duplex residence. The remaining duplex unit is vacant and ready for occupancy. The property sits on 0.2 acres and carries R7H zoning. A Home Energy Score of 5 is also reported.
Key Highlights
- Three‑unit property combining a duplex and detached house on one tax lot
- 1,987 square feet of improvements on 0.2 acres
- One duplex unit is vacant and ready for occupancy
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,690
Cap Rate
7.38%
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 7.38%
Second Best
Apartment 5plus
$364.5K
$318.9K – $425.2K
NOI $25,513 @ 7.0% cap · market cap 6.80%
Theoretical Best
Office A
$558.0K
$488.3K – $651.0K
NOI $39,060 @ 7.0% cap · market cap 10.42%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
450
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Combined duplex and detached house provide three residential units on one tax lot.
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 $375,000.
What are key features of this property?
This property features: Three‑unit property combining a duplex and detached house on one tax lot; 1,987 square feet of improvements on 0.2 acres; One duplex unit is vacant and ready for occupancy
