Concordia Fourplex with Upside
5734-5740 Northeast 30th Avenue Portland, OR 97211
5734-5740 Northeast 30th Avenue, Portland, OR, 97211
$825,000
For Sale
$825,000
Historic Portland fourplex in Concordia neighborhood with development potential.
Property Size2,540 SF
Price / SF$324.80
Days on Market102
Property Features for 5734-5740 Northeast 30th Avenue
General Information
- Standard status
- Active
- Size
- 2,540 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1909
Listing Agency
Supreme Realty Group
(503) 209-1142
Listed by
Kaleb Bird-Kinsey · License #201239006
(503) 209-1142
Source
Compass
Added: Apr 7 Checked: Jul 17 at 5:19 am
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.
This well-maintained, fully occupied fourplex represents a rare opportunity in Portland's sought-after Concordia neighborhood. The property features four one-bedroom, one-bath units. Situated on a large corner lot, the property offers excellent upside potential, including the possibility of adding a fifth unit in the basement. On-site laundry and additional basement storage are available for tenant convenience. The property is located blocks from the Alberta and Killingsworth districts, known for shops, restaurants, cafés, and entertainment. The building size is 2540 square feet. Intended use is residential income property.
Key Highlights
- Rare, well‑maintained 4‑plex in the desirable Concordia neighborhood.
- Large corner lot with potential to add a 5th unit in the basement.
- Fully occupied property offering immediate rental income.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $53.3k | $21.00 |
| − Vacancy | −$2.8k | −$1.09 |
| EGI | $50.6k | $19.91 |
| − OpEx | −$15.2k | −$5.97 |
| NOI | $35.4k | $13.94 |
2,540 SF · lease $21.00/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$505.7K
$442.5K – $589.9K
NOI $35,396 @ 7.0% cap · market cap 4.29%
Second Best
Apartment 5plus
$465.9K
$407.7K – $543.6K
NOI $32,614 @ 7.0% cap · market cap 3.95%
Theoretical Best
Office A
$713.3K
$624.1K – $832.2K
NOI $49,931 @ 7.0% cap · market cap 6.05%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Historic Portland fourplex in Concordia neighborhood with development potential.
Where is this quadplex located?
The property is located at 5734-5740 Northeast 30th Avenue Portland, OR.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: Rare, well‑maintained 4‑plex in the desirable Concordia neighborhood.; Large corner lot with potential to add a 5th unit in the basement.; Fully occupied property offering immediate rental income.
