Newly Built Detached Cottage
For Sale
$1,979,900
4895 Northeast Cesar E Chavez Boulevard, Portland, OR 97211
Four newly built detached homes with separate bedroom mixes, each featuring fenced yards and mini-split heating and cooling.
Property Size4,588 SF
Price / SF$431.54
Days on Market89
Property Features for 4895 Northeast Cesar E Chavez Boulevard
General Information
Standard status
Active
Size
4,588 SF
Property subtype
Multi Family
Additional Details
Multifamily Units
4
Amenities
open great room style main levels
brand new stainless steel appliances
solid surface countertops
main level half bath
mini split systems
fenced front and back yard space
slider off the dining area
Building Details
Year Built
2026
Listing Agency:
Keller Williams Realty Portland Premiere
(503) 709-4632
Listed By:
Darryl Bodle · License #199910100
(503) 709-4632
Source:
Compass
Added: May 6
Changed: Jul 23
Last Checked: Aug 1 at 1:27PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty Portland Premiere
Investment Insights
Based on property information with market context.
This offering consists 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; buyers should verify development status and options. The unit mix includes two 3-bedroom, 2.1-bath homes and two 2-bedroom, 2.1-bath homes. Each home features an open great room style main level connecting living, dining, and kitchen areas, along with brand new stainless steel appliances, solid surface countertops, and a main level half bath. Upstairs layouts provide privacy and efficiency, including primary-suite and additional full bath configurations in the 3-bedroom homes, and dual-ensuite arrangements in the 2-bedroom homes. Laundry space is located upstairs in each home, and mini split systems provide heating and cooling. Each residence includes both fenced front and back yard space, plus a slider off the dining area.
The property is located in the Beaumont-Wilshire area of NE Portland, 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 homes are described as turnkey and designed for livability and rentability, with functional layouts and outdoor space intended to support tenant appeal.
The property is located in the Beaumont-Wilshire area of NE Portland, 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 homes are described as turnkey and designed for livability and rentability, with functional layouts and outdoor space intended to support tenant appeal.
Key Highlights
- Collection of four newly built detached cottage homes in NE Portland (2‑story with crawl space foundation: concrete perimeter and stem wall).
- Unit mix includes two 3 bed/2.1 bath and two 2 bed/2.1 bath detached homes, all currently on one tax lot with a land division in progress (buyer to verify).
- Open great room main levels with stainless steel appliances, solid surface countertops, and a main level half bath.
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
Current Use
Lease Details
4
Residential units
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 newly built detached homes with separate bedroom mixes, each featuring fenced yards and mini-split heating and cooling.
Where is this quadplex located?
The property is located at 4895 Northeast Cesar E Chavez Boulevard 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: Collection of four newly built detached cottage homes in NE Portland (2‑story with crawl space foundation: concrete perimeter and stem wall).; Unit mix includes two 3 bed/2.1 bath and two 2 bed/2.1 bath detached homes, all currently on one tax lot with a land division in progress (buyer to verify).; Open great room main levels with stainless steel appliances, solid surface countertops, and a main level half bath.
