Five-Unit Townhome Apartment
5721 SE Woodstock Blvd, Portland, OR 97206
For Sale
New
$2,199,900
MultiFamily, Portland, OR
Property Size4,800 SF
Lot Size0.11 Acres
Price / SF$458.31
Days on Market3
Property Features for 5721 SE Woodstock Blvd
General Information
Property type
Property subtype
Property condition
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Subdivision
Elementary school
Middle school
High school
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Description
Legal Description
Utilities
Heating system
Cooling system
Building Details
Year built
Floors in Building
Number of units
Roof type
Listing Agency:
Keller Williams Realty Portland Premiere
(503) 597-2444
Listed By:
Darryl Bodle · License OR #199910100
(503) 709-4632
Added: Nov 11
Changed: Nov 13
Last Checked: Nov 13 at 4:06AM
MLS# 690168764
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.
Under construction as a five-unit apartment property, this development contains approximately 4,800 square feet across homes ranging from approximately 912 to 1,136 square feet. The planned mix includes four two-bedroom residences and one three-bedroom residence, each with 2.5 bathrooms. Four homes are positioned behind the street-fronting residence. Two-story plans place connected living, dining, and kitchen areas on the main level, with bedrooms and two full bathrooms upstairs; each also has a main-level half bath. In-unit laundry and heat-pump systems for heating and cooling are included, with private fenced outdoor areas planned for the residences.
The property is located on SE Woodstock Boulevard in Portland’s Woodstock neighborhood. New Seasons Market, Grand Central Bakery, Double Mountain Brewery, Woodstock Library, and Woodstock Park are identified nearby. The listing also gives the neighborhood a 98 Bike Score.
The property is located on SE Woodstock Boulevard in Portland’s Woodstock neighborhood. New Seasons Market, Grand Central Bakery, Double Mountain Brewery, Woodstock Library, and Woodstock Park are identified nearby. The listing also gives the neighborhood a 98 Bike Score.
Key Highlights
- Five apartments totaling approximately 4,800 square feet on 0.11 acres
- Four two‑bedroom homes and one three‑bedroom home; each residence has 2.5 bathrooms
- Individual homes range from approximately 912 to 1,136 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,202
Cap Rate
2.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,264,040
$1.3M
Cap Rate 7%
$902,886
$902.9K
Cap Rate 9%
$702,244
$702.2K
Market Conditions
NOI Build-Up for 4,800 SF
Gross rent
$121.0K $25.20/SF
− Vacancy
−$6.0K −$1.26/SF
EGI
$114.9K $23.94/SF
− OpEx
−$51.7K −$10.77/SF
NOI
$63.2K $13.17/SF
Area
ZIP 97206
Vacancy
5.00%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,264,040
Cap Rate 7%
$902,886
Cap Rate 9%
$702,244
Alternative Uses
Best Use
Apartment 5plus
$902.9K
$790.0K – $1.05M
NOI $63,202 @ 7.0% cap · market cap 2.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.35M
$1.18M – $1.57M
NOI $94,357 @ 7.0% cap · market cap 4.29%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
532
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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Market
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Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - A two-story residential rental property offers a mix of two- and three-bedroom homes with private outdoor areas planned.
Where is this apartment building located?
The property is located at 5721 SE Woodstock Blvd Portland, OR.
What is the asking price?
The asking price for this property is $2,199,900.
What are key features of this property?
This property features: Five apartments totaling approximately 4,800 square feet on 0.11 acres; Four two‑bedroom homes and one three‑bedroom home; each residence has 2.5 bathrooms; Individual homes range from approximately 912 to 1,136 square feet
