Three-Unit Townhouse-Style
4934 NE 32ND Pl, Portland, OR 97211
For Sale
$899,900
MultiFamily, Portland, OR
Property Size3,348 SF
Lot Size0.10 Acres
Price / SF$268.79
Days on Market97
Property Features for 4934 NE 32ND Pl
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Subdivision
Elementary school
Middle school
High school
Directions
Standard status
APN
Size
Lot size
Additional Details
Individually Metered Utilities
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Building Details
Year built
Floors in Building
Number of units
Roof type
Buildings
Listing Agency:
Windermere Realty Trust · Windermere Real Estate
(503) 284-7755
Listed By:
Jeff Capen · License OR #200308199
(503) 888-5191
Added: Aug 6
Changed: Nov 10
Last Checked: Nov 10 at 11:06PM
MLS# 324568237
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.
This 1994 triplex contains 3,348 square feet across three townhouse-style units. Each residence has two bedrooms, one full bathroom and one half bathroom, with living space on the main floor and bedrooms upstairs. Kitchens include stainless steel appliances, electric ranges, built-in dishwashers and microwaves. Stackable washers and dryers are provided in each unit, and each living room opens to a private backyard. The exterior has been painted, and a north-side fence was recently installed.
The property occupies a 0.1-acre lot in Portland, Oregon. Parking for three cars is located at the rear and accessed from an alley. Water, sewer and electricity are separately metered for each unit.
The property occupies a 0.1-acre lot in Portland, Oregon. Parking for three cars is located at the rear and accessed from an alley. Water, sewer and electricity are separately metered for each unit.
Key Highlights
- Three townhouse‑style units, each with 2 bedrooms, 1 full bath and 1 half bath
- 3,348 square feet on a 0.1‑acre lot
- 1994 construction; composition roof
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,656
Cap Rate
5.18%
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 5.18%
Second Best
Apartment 5plus
$614.1K
$537.4K – $716.5K
NOI $42,988 @ 7.0% cap · market cap 4.78%
Theoretical Best
Office A
$940.2K
$822.7K – $1.10M
NOI $65,814 @ 7.0% cap · market cap 7.31%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Yes
Utilities to site
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
$616,800
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in Portland, OR
Properties on Market for Triplexes in Portland
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Separate utility service, private rear yards, and alley-access parking serve the three residences.
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 $899,900.
What are key features of this property?
This property features: Three townhouse‑style units, each with 2 bedrooms, 1 full bath and 1 half bath; 3,348 square feet on a 0.1‑acre lot; 1994 construction; composition roof
