16-Unit Apartment
For Sale
$3,225,000
4775 NE 107TH Ave, Portland, OR 97220
MultiFamily, Portland, OR
Property Size10,480 SF
Lot Size0.11 Acres
Price / SF$307.73
Days on Market238
Property Features for 4775 NE 107TH Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RM2
Bedrooms
3
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 1, Bathroom 2, Bedroom 2, Bathroom 3, Bedroom 3, Bathroom 1
Subdivision
Parkrose
Middle school
Roseway Heights
High school
Parkrose
Directions
South on NE 107th Ave from NE Sandy
Standard status
Active
APN
R703341
Size
10,480 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Description
PARKROSE & RPLT, BLOCK 6, LOT 16 EXC PT IN ST
Tax Annual Amount
28958
Legal Description
PARKROSE & RPLT, BLOCK 6, LOT 16 EXC PT IN ST
Amenities
in-unit washer/dryers
Building Details
Year built
2024
Floors in Building
4
Number of units
16
Roof type
Composition
Buildings
1
Listing Agency:
Knipe Realty ERA Powered
(503) 445-7660
Listed By:
Daniel Silvey · License #201209834
(503) 201-8537
Added: Mar 9
Changed: Nov 1
Last Checked: Nov 1 at 9:06PM
MLS# 752828656
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.
Completed in 2024, this 16-unit apartment property contains 10480 square feet on a 0.11-acre parcel in Portland’s Parkrose neighborhood. The building includes contemporary apartment interiors, quality fixtures, high-end kitchens, and laundry appliances within the units. A composition roof and established occupancy are also reported.
The property is positioned near NE Sandy Blvd, grocery shopping, airport access, and transit. RM2 zoning supports its multifamily classification. The unit layout includes bedrooms and bathrooms across the apartments, with a mix of configurations described as supporting varied renter needs.
The property is positioned near NE Sandy Blvd, grocery shopping, airport access, and transit. RM2 zoning supports its multifamily classification. The unit layout includes bedrooms and bathrooms across the apartments, with a mix of configurations described as supporting varied renter needs.
Key Highlights
- 16‑unit apartment building completed in 2024
- 10480 square feet on a 0.11‑acre parcel
- RM2 zoning in Portland’s Parkrose neighborhood
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$134,563
Cap Rate
4.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,691,260
$2.7M
Cap Rate 7%
$1,922,329
$1.9M
Cap Rate 9%
$1,495,144
$1.5M
Market Conditions
NOI Build-Up for 10,480 SF
Gross rent
$257.8K $24.60/SF
− Vacancy
−$13.1K −$1.25/SF
EGI
$244.7K $23.35/SF
− OpEx
−$110.1K −$10.51/SF
NOI
$134.6K $12.84/SF
Area
Portland, OR
Vacancy
5.10%
Lease Rate
$24.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,691,260
Cap Rate 7%
$1,922,329
Cap Rate 9%
$1,495,144
Alternative Uses
Best Use
Apartment 5plus
$1.92M
$1.68M – $2.24M
NOI $134,563 @ 7.0% cap · market cap 4.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.94M
$2.58M – $3.43M
NOI $206,013 @ 7.0% cap · market cap 6.39%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
16
Residential units
Location Intelligence
Trade Area within ½ mile
759
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Recently built multifamily property with RM2 zoning and in-unit laundry.
Where is this apartment building located?
The property is located at 4775 NE 107TH Ave Portland, OR.
What is the asking price?
The asking price for this property is $3,225,000.
What are key features of this property?
This property features: 16‑unit apartment building completed in 2024; 10480 square feet on a 0.11‑acre parcel; RM2 zoning in Portland’s Parkrose neighborhood
