Under-Construction Quadplex with Yard
For Sale
$1,979,900
4895 NE CESAR E CHAVEZ Blvd, Portland, OR 97211
MULTI_FAMILY - Portland, OR
Property Size4,588 SF
Lot Size0.11 Acres
Price / SF$431.54
Days on Market89
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
5
Bathrooms
6
Full bathrooms
6
Rooms
Bathroom 4, Bathroom 5, Bedroom 5, Bedroom 1, Bedroom 2, Bathroom 6, Bedroom 4, Bathroom 1, Bathroom 3, Bedroom 3, Bathroom 2
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
4,588 SF
Lot size
0.11 Acres
Utilities
Cooling system
Heat Pump
Building Details
Year built
2026
Floors in Building
2
Number of units
4
Roof type
Composition
Listing Agency:
Keller Williams Realty Portland Premiere
(503) 597-2444
Listed By:
Darryl Bodle · License #199910100
(503) 709-4632
Added: May 6
Changed: Aug 2
Last Checked: Aug 2 at 12:06PM
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.
Investment Insights
Based on property information with market context.
This under-construction quadplex is being built as a collection of four newly built, detached cottage homes. Homes are currently situated on a single tax lot, with a land division in progress to create individual lots; buyer to verify development status and options. The unit mix includes two three-bedroom, two-and-a-half-bath homes and two two-bedroom, two-and-a-half-bath homes. Each home features an open great room-style main level with a connected living, dining, and kitchen layout, a main level half bath, brand new stainless steel appliances, and solid surface countertops. Upstairs, the 3-bedroom homes offer a primary suite with an ensuite bathroom plus an additional full bath, while the 2-bedroom homes have dual ensuite layouts. Laundry space is located upstairs in each home, and mini split systems provide efficient heating and cooling.
Each home includes fenced front and back yard space, along with a slider off the dining area for indoor-outdoor flow. Roofing is composition. The property is positioned near Beaumont Village with close proximity to Beaumont Market, Pip’s Original Doughnuts, Grand Central Bakery, Amalfi’s, Wilshire Park, and New Seasons Market.
The building is planned for completion as a 2026 construction and will provide a compact residential compound configuration on a 0.11-acre lot.
Each home includes fenced front and back yard space, along with a slider off the dining area for indoor-outdoor flow. Roofing is composition. The property is positioned near Beaumont Village with close proximity to Beaumont Market, Pip’s Original Doughnuts, Grand Central Bakery, Amalfi’s, Wilshire Park, and New Seasons Market.
The building is planned for completion as a 2026 construction and will provide a compact residential compound configuration on a 0.11-acre lot.
Key Highlights
- Four detached cottage homes, with a land division in progress to create individual lots
- Unit mix: two 3 bed 2.1 bath homes and two 2 bed 2.1 bath homes
- Under construction with planned 2026 year built, Zoning R5
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 | $96.3k | $21.00 |
| − Vacancy | −$5.0k | −$1.09 |
| EGI | $91.3k | $19.91 |
| − OpEx | −$27.4k | −$5.97 |
| NOI | $63.9k | $13.94 |
4,588 SF · lease $21.00/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$913.4K
$799.2K – $1.07M
NOI $63,937 @ 7.0% cap · market cap 3.23%
Second Best
Apartment 5plus
$841.6K
$736.4K – $981.8K
NOI $58,910 @ 7.0% cap · market cap 2.98%
Theoretical Best
Office A
$1.29M
$1.13M – $1.50M
NOI $90,190 @ 7.0% cap · market cap 4.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
508
Businesses Nearby
Explore this area
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
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 - Four detached cottage homes on a single tax lot in R5 zoning, with heat pump HVAC and fenced front and back yards.
Where is this quadplex 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 $1,979,900.
What are key features of this property?
This property features: Four detached cottage homes, with a land division in progress to create individual lots; Unit mix: two 3 bed 2.1 bath homes and two 2 bed 2.1 bath homes; Under construction with planned 2026 year built, Zoning R5
