Fourplex with Vacant
For Sale
$839,999
5405 SE Lafayette St, Portland, OR 97206
Four residential units share a practical two-bedroom, one-bath configuration, with one unit currently available for occupancy.
Property Size3,300 SF
Price / SF$254.55
Days on Market96
Property Features for 5405 SE Lafayette St
General Information
Standard status
Active
Size
3,300 SF
Property subtype
Multi-Family
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Building Details
Year Built
1970
Buildings
1
Listing Agency:
John L. Scott
Listed By:
Blake Byzewski · License #201201040
(503) 679-8198
Source:
Apexgroupnw
Added: Jul 20
Changed: Oct 14
Last Checked: Oct 21 at 12:01AM
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 John L. Scott
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Investment Insights
Based on property information with market context.
This fourplex contains four residential units within approximately 3,300 square feet. Each unit is configured with two bedrooms and one bathroom, providing a consistent layout across the property. The building was constructed in 1970.
Three units are currently rented, while the fourth is vacant. The property is located at 5405 SE Lafayette St in Portland, Oregon, within the 97206 ZIP code. Its four-unit configuration and current mix of occupied and vacant residences provide a clear overview of the existing rental setup.
Three units are currently rented, while the fourth is vacant. The property is located at 5405 SE Lafayette St in Portland, Oregon, within the 97206 ZIP code. Its four-unit configuration and current mix of occupied and vacant residences provide a clear overview of the existing rental setup.
Key Highlights
- Fourplex with 4 total residential units
- Each unit includes 2 bedrooms and 1 bathroom
- Approximately 3,300 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,461
Cap Rate
5.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$969,220
$969.2K
Cap Rate 7%
$692,300
$692.3K
Cap Rate 9%
$538,456
$538.5K
Market Conditions
NOI Build-Up for 3,300 SF
Gross rent
$73.3K $22.20/SF
− Vacancy
−$4.0K −$1.22/SF
EGI
$69.2K $20.98/SF
− OpEx
−$20.8K −$6.29/SF
NOI
$48.5K $14.69/SF
Area
ZIP 97206
Vacancy
5.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$969,220
Cap Rate 7%
$692,300
Cap Rate 9%
$538,456
Alternative Uses
Best Use
Multifamily LT 5
$692.3K
$605.8K – $807.7K
NOI $48,461 @ 7.0% cap · market cap 5.77%
Second Best
Apartment 5plus
$620.7K
$543.1K – $724.2K
NOI $43,451 @ 7.0% cap · market cap 5.17%
Theoretical Best
Office A
$926.7K
$810.9K – $1.08M
NOI $64,871 @ 7.0% cap · market cap 7.72%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
936
Businesses Nearby
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Business Placement
Demographics for 97206, OR
51,072
Population
22,348
Households
2.3
Avg Household Size
38
Median Age
49%
College-Educated
94%
High-School Grad
6.5 sq mi
ZIP Area
7,857
Density / Sq Mi
$94,233
Median Household Income
$54,254
Median Earnings
$1,693
Median Rent
$480,500
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
Frequently Asked Questions
What type of property is this?
Quadplex - Four residential units share a practical two-bedroom, one-bath configuration, with one unit currently available for occupancy.
Where is this quadplex located?
The property is located at 5405 SE Lafayette St Portland, OR.
What is the asking price?
The asking price for this property is $839,999.
What are key features of this property?
This property features: Fourplex with 4 total residential units; Each unit includes 2 bedrooms and 1 bathroom; Approximately 3,300 square feet
