5516 NE Hoyt St Portland, OR 97213
Fully occupied fourplex with remodeled units and strong income potential.
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Overview
Turnkey Fourplex in NE Portland
This is a fully occupied fourplex located in NE Portland, featuring a mix of units including three 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit. All units were fully remodeled in 2015 with high-quality finishes and modern updates, including in-unit washers and dryers. The property is professionally managed and consistently occupied. The investment is projected to gross over $75,000 in 2025, with actual financials closely mirroring the pro-forma, supporting a realistic 5+% CAP rate. The property is located near Laurelhurst and the Hollywood District, with convenient access to restaurants, shops, parks, Providence Hospital, library, the Hollywood Farmers Market, and MAX Light Rail. It also offers easy access to I-84 and major transit routes, making it attractive to tenants and commuters. This fourplex presents an opportunity to invest in a high-performing asset in a thriving Portland neighborhood.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Quadplexes
Location Insight
- Map
- Local Demand
- City
- Portland
- County
- Washington
- State
- Oregon
- Longitude
- -122.6071934
- Latitude
- 45.5269714
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FAQs
What type of property is this?
Quadplex - Fully occupied fourplex with remodeled units and strong income potential.
Where is this quadplex located?
The property is located at 5516 NE Hoyt St Portland, OR.
What is the asking price?
The asking price for this property is $935,000.
What are key features of this property?
This property features: - Turnkey, fully occupied four-plex generating over $75,000 gross income in 2025.; - Realistic 5+% CAP rate supported by actual financials.; - Desirable unit mix: three 2-bedroom/1-bath and one 1-bedroom/1-bath.