5405 SE LAFAYETTE ST, Portland, OR 97206
Fourplex with four two-bedroom, one-bath units, including one vacant unit ready for immediate occupancy or updated leasing.
- Added:
- Aug 26, 2025
- Days on Market:
- 317
- Last Refresh:
- Jul 8 at 2:47 am
Property Features for 5405 SE LAFAYETTE ST
General Information
- Standard status
- Active
- Size
- 3,300 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1970
Listing office Paris Group Realty LLC (503) 752-4351
Listing date Aug 26, 2025
Source Premierepropertygroup
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 Paris Group Realty LLC
HighLights
- Fourplex in SE Portland built in 1970 with four 2‑bedroom, 1‑bath units and a total building area of 3,300 SF
- Three units are currently rented and one unit is vacant
- Unit interiors include dishwasher, hardwood floors, range, and refrigerator in each 2‑bedroom unit type
- Electric (tank) hot water and electricity fuel source; concrete perimeter/slab foundation and crawlspace basement
- 0.12‑acre level lot with paved public road access; brick, tongue‑and‑groove, and wood siding exterior
- Assigned off‑street parking; public water and utilities via public water
Overview
Located at 5405 SE Lafayette St in Portland’s SE area, the property is positioned for convenient day-to-day access typical of a central Portland setting. According to the provided information, three of the four units are currently rented, while one unit is vacant.
For a buyer or owner-operator, the current setup provides flexibility. You may move into the vacant unit and lease the remaining three, or keep the vacant unit available while setting rents that fit your strategy. The consistent unit mix across all four apartments can also simplify management and leasing, since each unit shares the same two-bedroom, one-bath configuration.
Local 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 | $73.3k | $22.20 |
| − Vacancy | −$4.0k | −$1.22 |
| EGI | $69.2k | $20.98 |
| − OpEx | −$20.8k | −$6.29 |
| NOI | $48.5k | $14.69 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Portland
- County
- Washington
- State
- Oregon
- Longitude
- -122.6070187
- Latitude
- 45.4970255
