4-Unit Quadplex with On-Site
New
For Sale
$581,000
5730 SE Center St, Portland, OR 97206
Four single-level apartments with storage lockers, laundry facilities, and several recently updated interiors.
Property Size1,920 SF
Price / SF$302.60
Days on Market5
Property Features for 5730 SE Center St
General Information
Standard status
Active
Size
1,920 SF
Property subtype
Multi-Family
Units
Unit Mix
4 x 1BR/1BA
Multifamily Units
4
Additional Details
Public Transit
Yes
Amenities
on-site laundry
tenant storage lockers
Building Details
Year Built
1962
Buildings
1
Listing Agency:
John L. Scott
Listed By:
Jeffrey Whiting · License #200104241
(503) 645-7433
Source:
Christiesrealestateevg
Added: Sep 18
Last Checked: Sep 21 at 1:10PM
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
Investment Insights
Based on property information with market context.
This 1,920-square-foot quadplex at 5730 SE Center St in Portland includes four one-bedroom, one-bath apartments, each arranged on a single level. Built in 1962, the property has been maintained in good condition, with several units recently updated. On-site laundry and tenant storage lockers add practical amenities for residents, while tenancy is established across the property.
The property is located near SE Foster with access to public transit, shopping, dining, and everyday services. Its four-unit layout and consistent apartment configuration provide a straightforward multifamily setup, with future updates identified as a potential way to further improve the units and rental performance.
The property is located near SE Foster with access to public transit, shopping, dining, and everyday services. Its four-unit layout and consistent apartment configuration provide a straightforward multifamily setup, with future updates identified as a potential way to further improve the units and rental performance.
Key Highlights
- Four 1‑bedroom, 1‑bath units in a single quadplex
- 1,920 square feet on a 0.11‑acre lot
- Single‑level layouts across all four apartments
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$28,196
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.85%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$563,920
$563.9K
Cap Rate 7%
$402,800
$402.8K
Cap Rate 9%
$313,289
$313.3K
Market Conditions
NOI Build-Up for 1,920 SF
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.
Gross rent
$42.6K $22.20/SF
− Vacancy
−$2.3K −$1.22/SF
EGI
$40.3K $20.98/SF
− OpEx
−$12.1K −$6.29/SF
NOI
$28.2K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$563,920
Cap Rate 7%
$402,800
Cap Rate 9%
$313,289
Alternative Uses
Best Use
Multifamily LT 5
$402.8K
$352.5K – $469.9K
NOI $28,196 @ 7.0% cap · market cap 4.85%
Second Best
Apartment 5plus
$361.2K
$316.0K – $421.4K
NOI $25,281 @ 7.0% cap · market cap 4.35%
Theoretical Best
Office A
$539.2K
$471.8K – $629.1K
NOI $37,743 @ 7.0% cap · market cap 6.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,051
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - Four single-level apartments with storage lockers, laundry facilities, and several recently updated interiors.
Where is this quadplex located?
The property is located at 5730 SE Center St Portland, OR.
What is the asking price?
The asking price for this property is $581,000.
What are key features of this property?
This property features: Four 1‑bedroom, 1‑bath units in a single quadplex; 1,920 square feet on a 0.11‑acre lot; Single‑level layouts across all four apartments
