Under-Construction Detached
For Sale
$1,509,900
4895 NE CESAR E CHAVEZ Blvd, Portland, OR 97211
MultiFamily, Portland, OR
Property Size3,619 SF
Lot Size0.08 Acres
Price / SF$417.21
Days on Market135
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 2, Bedroom 5, Bedroom 1, Bedroom 2, Bathroom 3, Bathroom 4, Bathroom 6, Bedroom 3, Bedroom 4, Bathroom 1, Bathroom 5
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
3,619 SF
Lot size
0.08 Acres
Utilities
Cooling system
Heat Pump
Building Details
Year built
2026
Floors in Building
2
Number of units
3
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: Sep 17
Last Checked: Sep 17 at 11:06AM
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 triplex comprises three detached cottage residences totaling 3,619 square feet on 0.08 acres. The unit mix includes two 3/2.1 homes and one 2/2.1 home, with open great-room main levels, stainless steel appliances, solid-surface countertops, main-level half baths, and upstairs laundry. Heat pump systems provide heating and cooling, while composition roofing completes the construction profile. The property is planned for completion in 2026 and is zoned R5.
Located at 4895 NE CESAR E CHAVEZ Blvd in Portland’s Beaumont-Wilshire area, the property is positioned near neighborhood services and amenities identified in the offering, including Beaumont Market, New Seasons, Pip’s Original, Grand Central Bakery, Amalfi’s, Wilshire Park, and Beaumont Village. The detached configuration and varied bedroom layouts provide distinct residential spaces within a three-unit income property.
Located at 4895 NE CESAR E CHAVEZ Blvd in Portland’s Beaumont-Wilshire area, the property is positioned near neighborhood services and amenities identified in the offering, including Beaumont Market, New Seasons, Pip’s Original, Grand Central Bakery, Amalfi’s, Wilshire Park, and Beaumont Village. The detached configuration and varied bedroom layouts provide distinct residential spaces within a three-unit income property.
Key Highlights
- Three detached residences totaling 3,619 square feet on 0.08 acres
- Unit mix includes two 3/2.1 homes and one 2/2.1 home
- Under construction with a 2026 year built
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$50,433
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.34%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,008,660
$1.0M
Cap Rate 7%
$720,471
$720.5K
Cap Rate 9%
$560,367
$560.4K
Market Conditions
NOI Build-Up for 3,619 SF
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.
Gross rent
$76.0K $21.00/SF
− Vacancy
−$4.0K −$1.09/SF
EGI
$72.0K $19.91/SF
− OpEx
−$21.6K −$5.97/SF
NOI
$50.4K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,008,660
Cap Rate 7%
$720,471
Cap Rate 9%
$560,367
Alternative Uses
Best Use
Multifamily LT 5
$720.5K
$630.4K – $840.6K
NOI $50,433 @ 7.0% cap · market cap 3.34%
Second Best
Apartment 5plus
$663.8K
$580.9K – $774.5K
NOI $46,468 @ 7.0% cap · market cap 3.08%
Theoretical Best
Office A
$1.02M
$889.3K – $1.19M
NOI $71,141 @ 7.0% cap · market cap 4.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
594
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Triplex - Three cottage-style residences feature contemporary layouts, private living environments, and modern household systems.
Where is this triplex 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 $1,509,900.
What are key features of this property?
This property features: Three detached residences totaling 3,619 square feet on 0.08 acres; Unit mix includes two 3/2.1 homes and one 2/2.1 home; Under construction with a 2026 year built
