3-Unit Townhome-Style
New
For Sale
$924,900
4934 NE 32nd Pl, Portland, OR 97211
Individual residences include private backyard access, in-unit laundry, and separate utility service.
Property Size3,348 SF
Price / SF$276.25
Days on Market2
Property Features for 4934 NE 32nd Pl
General Information
Standard status
Active
Size
3,348 SF
Total Parking Spaces
3
Property subtype
Multi-Family
Zoning
RM1
Units
Unit Mix
3 x 2BR/1.1BA
Multifamily Units
3
Additional Details
Public Transit
Yes
Amenities
stackable washer/dryer
private backyard
Building Details
Year Built
1994
Buildings
1
Listing Agency:
Windermere Realty Trust
Listed By:
Jeff Capen · License #200308199
(503) 888-5191
Source:
Apexgroupnw
Added: Oct 5
Changed: Oct 6
Last Checked: Oct 6 at 2:28AM
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 Windermere Realty Trust
Investment Insights
Based on property information with market context.
Built in 1994, this 3,348-square-foot triplex contains three townhouse-style residences. Each has two bedrooms, one full bathroom and one half bath, with bedrooms and the full bath on the upper level. Living rooms open to private backyard areas. Kitchens include stainless steel appliances, electric ranges, built-in dishwashers and microwaves; each residence also has a stackable washer and dryer. Water, sewer and electricity are separately metered. Rear parking accommodates three cars, with access from the alley. The property is zoned RM1.
In Portland’s Concordia/Alberta Arts area, the property is within walking distance of coffee shops, cafes, retail, mass transportation, New Seasons and parks. Exterior paint and a new fence on the north side are among the property’s improvements.
In Portland’s Concordia/Alberta Arts area, the property is within walking distance of coffee shops, cafes, retail, mass transportation, New Seasons and parks. Exterior paint and a new fence on the north side are among the property’s improvements.
Key Highlights
- Three townhouse‑style residences, each with 2 bedrooms, 1 full bath and 1 half bath
- 3,348 square feet; built in 1994
- Each residence has a private backyard area and stackable washer and dryer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,656
Cap Rate
5.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$933,120
$933.1K
Cap Rate 7%
$666,514
$666.5K
Cap Rate 9%
$518,400
$518.4K
Market Conditions
NOI Build-Up for 3,348 SF
Gross rent
$70.3K $21.00/SF
− Vacancy
−$3.7K −$1.09/SF
EGI
$66.7K $19.91/SF
− OpEx
−$20.0K −$5.97/SF
NOI
$46.7K $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%
$933,120
Cap Rate 7%
$666,514
Cap Rate 9%
$518,400
Alternative Uses
Best Use
Multifamily LT 5
$666.5K
$583.2K – $777.6K
NOI $46,656 @ 7.0% cap · market cap 5.04%
Second Best
Apartment 5plus
$614.1K
$537.4K – $716.5K
NOI $42,988 @ 7.0% cap · market cap 4.65%
Theoretical Best
Office A
$940.2K
$822.7K – $1.10M
NOI $65,814 @ 7.0% cap · market cap 7.12%
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
720
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
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Frequently Asked Questions
What type of property is this?
Triplex - Individual residences include private backyard access, in-unit laundry, and separate utility service.
Where is this triplex located?
The property is located at 4934 NE 32nd Pl Portland, OR.
What is the asking price?
The asking price for this property is $924,900.
What are key features of this property?
This property features: Three townhouse‑style residences, each with 2 bedrooms, 1 full bath and 1 half bath; 3,348 square feet; built in 1994; Each residence has a private backyard area and stackable washer and dryer
