Historic
For Sale
$799,000
5734 5740 Ne 30th Ave, Portland, OR 97211
Fully occupied quadplex with on-site laundry, basement storage, and a corner-lot setting.
Property Size2,540 SF
Price / SF$314.57
Days on Market8
Property Features for 5734 5740 Ne 30th Ave
General Information
Standard status
Active
Size
2,540 SF
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
4 x 1BR/1BA
Multifamily Units
4
Amenities
on-site laundry
basement storage
Building Details
Year Built
1909
Listing Agency:
Supreme Realty Group
(503) 209-1142
Listed By:
Kaleb Bird-Kinsey · License #201239006
Source:
Wisser
Added: Aug 23
Changed: Aug 28
Last Checked: Aug 29 at 12:12PM
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 Supreme Realty Group
Investment Insights
Based on property information with market context.
Built in 1909, this 2,540-square-foot quadplex contains four occupied residences, each with one bedroom and one bathroom. The property sits on a large corner lot and includes shared laundry facilities along with additional storage in the basement. The basement may also support the addition of a fifth unit, subject to inspection and applicable requirements.
The property is located at 5734–5740 NE 30th Ave in Portland’s Concordia neighborhood, near the Alberta and Killingsworth districts. Those nearby areas provide shops, restaurants, cafés, and entertainment within the surrounding commercial corridors.
The property is located at 5734–5740 NE 30th Ave in Portland’s Concordia neighborhood, near the Alberta and Killingsworth districts. Those nearby areas provide shops, restaurants, cafés, and entertainment within the surrounding commercial corridors.
Key Highlights
- Four 1‑bedroom, 1‑bath units in a fully occupied quadplex
- 2,540 SF property built in 1909
- Large corner lot in Portland’s Concordia neighborhood
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
$35,396
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
4.43%
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%
$707,920
$707.9K
Cap Rate 7%
$505,657
$505.7K
Cap Rate 9%
$393,289
$393.3K
Market Conditions
NOI Build-Up for 2,540 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
$53.3K $21.00/SF
− Vacancy
−$2.8K −$1.09/SF
EGI
$50.6K $19.91/SF
− OpEx
−$15.2K −$5.97/SF
NOI
$35.4K $13.94/SF
Area
Portland, OR
Vacancy
5.20%
Lease Rate
$21.00 /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%
$707,920
Cap Rate 7%
$505,657
Cap Rate 9%
$393,289
Alternative Uses
Best Use
Multifamily LT 5
$505.7K
$442.5K – $589.9K
NOI $35,396 @ 7.0% cap · market cap 4.43%
Second Best
Apartment 5plus
$465.9K
$407.7K – $543.6K
NOI $32,614 @ 7.0% cap · market cap 4.08%
Theoretical Best
Office A
$713.3K
$624.1K – $832.2K
NOI $49,931 @ 7.0% cap · market cap 6.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
878
Businesses Nearby
Explore this area
Business Placement
Demographics for 97211, OR
33,762
Population
15,106
Households
2.2
Avg Household Size
38
Median Age
56%
College-Educated
96%
High-School Grad
7.1 sq mi
ZIP Area
4,755
Density / Sq Mi
$109,604
Median Household Income
$59,171
Median Earnings
$1,818
Median Rent
$616,800
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Fully occupied quadplex with on-site laundry, basement storage, and a corner-lot setting.
Where is this quadplex located?
The property is located at 5734 5740 Ne 30th Ave Portland, OR.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Four 1‑bedroom, 1‑bath units in a fully occupied quadplex; 2,540 SF property built in 1909; Large corner lot in Portland’s Concordia neighborhood
