Single-Level
For Sale
$581,000
5730 SE CENTER St, Portland, OR 97206
MultiFamily, Portland, OR
Property Size1,920 SF
Lot Size0.11 Acres
Price / SF$302.60
Days on Market214
Property Features for 5730 SE CENTER St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
PDX-CE
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 3, Bathroom 2, Bedroom 1, Bathroom 4, Bathroom 3, Bedroom 2, Bedroom 4, Bathroom 1
Elementary school
Creston
Middle school
Hosford
High school
Franklin
Directions
Foster Rd., N. on 56th, E on Center
Subdivision
_143
Standard status
Active
APN
R298601
Size
1,920 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Description
WATTS SUB, BLOCK 3, LOT 1
Tax Annual Amount
6474
Legal Description
WATTS SUB, BLOCK 3, LOT 1
Utilities
Heating system
Baseboard
Amenities
on-site laundry
tenant storage lockers
Building Details
Year built
1962
Floors in Building
1
Number of units
4
Roof type
Composition
Listing Agency:
John L. Scott
(503) 645-7433
Listed By:
Jeffrey Whiting · License #200104241
(503) 880-5484
Added: Mar 16
Changed: Oct 13
Last Checked: Oct 15 at 7:06PM
MLS# 544886266
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.
This four-unit residential income property contains 1,920 square feet across four one-bedroom, one-bath residences. Each apartment occupies a single level, and several units have received recent updates. The property includes on-site laundry facilities and storage lockers for tenants. Baseboard heating and a composition roof serve the building, which was constructed in 1962.
The 0.11-acre property is located at 5730 SE CENTER St in Portland’s 97206 ZIP code. Its PDX-CE zoning designation and proximity to SE Foster place the property near public transit, shopping, dining, and everyday services. The four-unit configuration provides a straightforward multifamily layout with individually defined apartments and shared resident amenities.
The 0.11-acre property is located at 5730 SE CENTER St in Portland’s 97206 ZIP code. Its PDX-CE zoning designation and proximity to SE Foster place the property near public transit, shopping, dining, and everyday services. The four-unit configuration provides a straightforward multifamily layout with individually defined apartments and shared resident amenities.
Key Highlights
- Four‑unit property with four 1‑bedroom, 1‑bath residences
- 1,920 square feet on a 0.11‑acre lot
- Single‑level apartment layout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,196
Cap Rate
4.85%
Suggested Prices Based on Cap Rates
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
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 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.
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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
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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 one-bedroom residences include laundry facilities and private tenant storage lockers.
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‑unit property with four 1‑bedroom, 1‑bath residences; 1,920 square feet on a 0.11‑acre lot; Single‑level apartment layout
