2-Unit Detached Cottage
For Sale
$1,054,900
4895 NE CESAR E CHAVEZ Blvd, Portland, OR 97211
MultiFamily, Portland, OR
Property Size2,650 SF
Lot Size0.05 Acres
Price / SF$398.08
Days on Market180
Property Features for 4895 NE CESAR E CHAVEZ Blvd
General Information
Property type
Residential Multi Family
Property subtype
Other
Property condition
Under Construction
Zoning
R5
Bedrooms
3
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 1, Bathroom 2, Bedroom 2, Bathroom 3, Bedroom 3, Bathroom 1
Subdivision
BEAUMONT - WILSHIRE
Elementary school
Vernon
Middle school
Vernon
High school
Jefferson
Directions
Take Exit 3 for Cesar Chavez Blvd; head north on NE Cesar Chavez Blvd; continue to 4841 on the right
Standard status
Active
APN
New Construction
Size
2,650 SF
Lot size
0.05 Acres
Utilities
Cooling system
Heat Pump
Building Details
Year built
2026
Floors in Building
2
Number of units
2
Roof type
Composition
Buildings
2
Listing Agency:
Keller Williams Realty Portland Premiere
(503) 597-2444
Listed By:
Darryl Bodle · License #199910100
(503) 709-4632
Added: May 6
Changed: Nov 1
Last Checked: Nov 1 at 5:06PM
MLS# 215034220
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.
The duplex comprises two detached homes, each with 3 bedrooms and 2.1 bathrooms. The residences are under construction, with a stated 2026 year built. Each layout includes an open main-level living area, a half bath, an office, and upstairs laundry. Interior features include stainless steel appliances, solid-surface countertops, and mini-split heating and cooling. The property totals 2,650 square feet on a 0.05-acre lot and is zoned R5.
The homes are in Portland’s Beaumont-Wilshire area. Nearby destinations include Beaumont Market, New Seasons, Pip’s Original, Grand Central Bakery, Amalfi’s, and Wilshire Park. Beaumont Village also has restaurants, shops, coffee, and neighborhood services.
The homes are in Portland’s Beaumont-Wilshire area. Nearby destinations include Beaumont Market, New Seasons, Pip’s Original, Grand Central Bakery, Amalfi’s, and Wilshire Park. Beaumont Village also has restaurants, shops, coffee, and neighborhood services.
Key Highlights
- Two detached residences, each with 3 bedrooms and 2.1 bathrooms
- 2,650 square feet on a 0.05‑acre lot
- Under construction; stated year built is 2026
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,929
Cap Rate
3.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$738,580
$738.6K
Cap Rate 7%
$527,557
$527.6K
Cap Rate 9%
$410,322
$410.3K
Market Conditions
NOI Build-Up for 2,650 SF
Gross rent
$55.7K $21.00/SF
− Vacancy
−$2.9K −$1.09/SF
EGI
$52.8K $19.91/SF
− OpEx
−$15.8K −$5.97/SF
NOI
$36.9K $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%
$738,580
Cap Rate 7%
$527,557
Cap Rate 9%
$410,322
Alternative Uses
Best Use
Multifamily LT 5
$527.6K
$461.6K – $615.5K
NOI $36,929 @ 7.0% cap · market cap 3.50%
Second Best
Apartment 5plus
$486.1K
$425.3K – $567.1K
NOI $34,026 @ 7.0% cap · market cap 3.23%
Theoretical Best
Office A
$744.2K
$651.2K – $868.2K
NOI $52,093 @ 7.0% cap · market cap 4.94%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
594
Businesses Nearby
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Business Placement
Demographics for 97211, OR
33,762
Population
15,106
Households
2.2
Avg Household Size
38
Median Age
56%
College-Educated
96%
High-School Grad
7.1 sq mi
ZIP Area
4,755
Density / Sq Mi
$109,604
Median Household Income
$59,171
Median Earnings
$1,818
Median Rent
$616,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two three-bedroom residences are under construction with modern finishes and mini-split heating and cooling.
Where is this duplex located?
The property is located at 4895 NE CESAR E CHAVEZ Blvd Portland, OR.
What is the asking price?
The asking price for this property is $1,054,900.
What are key features of this property?
This property features: Two detached residences, each with 3 bedrooms and 2.1 bathrooms; 2,650 square feet on a 0.05‑acre lot; Under construction; stated year built is 2026
