Building Details

Year Built 1909

Listing Agency: Supreme Realty Group

Listed By: Kaleb Bird-Kinsey · License #201239006 Show Phone

Source: Kingdomreal

Added: Aug 23 Changed: Oct 13 Last Checked: Oct 7 at 3:49PM

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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

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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.

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 / Yr

$35,396

Cap Rate

4.43%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$707,920 $707.9K

Cap Rate 7%

$505,657 $505.7K

Cap Rate 9%

$393,289 $393.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,540 SF

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 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 (±1% cap)

NOI $35,396 @ 7.0% cap · market cap 4.43%

Second Best

Apartment 5plus

$465.9K

$407.7K – $543.6K (±1% cap)

NOI $32,614 @ 7.0% cap · market cap 4.08%

Theoretical Best

Office A

$713.3K

$624.1K – $832.2K (±1% cap)

NOI $49,931 @ 7.0% cap · market cap 6.25%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Quadplexes

Suggested Use

Top Pick Law Firm Dental Office Real Estate Agency Parking Lot & Garage HVAC Service Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

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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