Fourplex with Baseboard and Radiant
For Sale
$839,999
5405 SE LAFAYETTE St, Portland, OR 97206
MULTI_FAMILY - Portland, OR
Property Size3,300 SF
Lot Size0.12 Acres
Price / SF$254.55
Days on Market343
Property Features for 5405 SE LAFAYETTE St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RM2
Bedrooms
8
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 4, Bedroom 6, Bedroom 5, Bedroom 2, Bathroom 2, Bedroom 3, Bedroom 1, Bedroom 4, Bathroom 3, Bathroom 1, Bedroom 8, Bedroom 7
Elementary school
Creston
Middle school
Hosford
High school
Franklin
Directions
SE LAFAYETTE ST
Subdivision
_143
Standard status
Active
APN
R229040
Size
3,300 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Description
OAKDALE, BLOCK 2, LOT 33&34
Tax Annual Amount
8647
Legal Description
OAKDALE, BLOCK 2, LOT 33&34
Utilities
Heating system
Baseboard, Radiant
Building Details
Year built
1970
Floors in Building
2
Number of units
4
Roof type
Shingle
Listing Agency:
John L. Scott
(503) 624-2900
Listed By:
Blake Byzewski · License #201201040
(503) 679-8198
Added: Aug 26, 2025
Changed: Aug 2
Last Checked: Aug 3 at 12:06AM
MLS# 439731831
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.
Investment Insights
Based on property information with market context.
Well-maintained fourplex at 5405 SE LAFAYETTE St in Portland, OR 97206, built in 1970. The property consists of four units, and each unit offers two bedrooms and one bathroom with a practical layout. Current occupancy is three units rented and one unit vacant, offering flexibility for an owner-occupant or a tenant setup while the other units remain in place.
The site totals 0.12 acres with a property size of 3,300 square feet. Heating includes baseboard and radiant systems, and the roof is shingle. Zoning is RM2.
This configuration can support straightforward in-place operations given the consistent unit layout across all four apartments.
The site totals 0.12 acres with a property size of 3,300 square feet. Heating includes baseboard and radiant systems, and the roof is shingle. Zoning is RM2.
This configuration can support straightforward in-place operations given the consistent unit layout across all four apartments.
Key Highlights
- Four units, each with 2 bedrooms and 1 bathroom
- Three units rented and one unit vacant
- Zoned RM2
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 |
3,300 SF · lease $22.20/SF/yr · vacancy 5.50% · expense 30.00%
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.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
936
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Fourplex in RM2 zoning with three units rented and one unit vacant; baseboard and radiant heating.
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: Four units, each with 2 bedrooms and 1 bathroom; Three units rented and one unit vacant; Zoned RM2
