Updated 3-Unit
5800 SE WOODSTOCK Blvd, Portland, OR 97206
For Sale
$649,900
MultiFamily, Portland, OR
Property Size2,200 SF
Lot Size0.17 Acres
Price / SF$295.41
Days on Market53
Property Features for 5800 SE WOODSTOCK Blvd
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Subdivision
Elementary school
Middle school
High school
Directions
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Individually Metered Utilities
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Amenities
onsite laundry
individual storage
Building Details
Year built
Floors in Building
Number of units
Roof type
Listing Agency:
Urban Pacific Real Estate
Listed By:
Ritchie Metzler
(503) 740-2043
Added: Sep 23
Changed: Nov 13
Last Checked: Nov 14 at 5:06AM
MLS# 421297833
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 Portland triplex contains three 1-bedroom, 1-bathroom apartments of approximately 667 SF each. Hardwood floors, refreshed kitchens and baths, vinyl windows, and newer electrical panels are among the unit features; the roof is identified as new in 2026. Unit B is vacant, Unit A is leased, and Unit C is occupied month-to-month. Shared property features include owner-operated laundry, individual secured storage, alley access, and off-street parking. The 0.17-acre parcel measures 60x120 and is zoned RM1. Possible future development toward the alley is noted, subject to buyer verification.
Shops, restaurants, grocery stores, and transit are within walking distance. Reed College is described as a short drive away.
Shops, restaurants, grocery stores, and transit are within walking distance. Reed College is described as a short drive away.
Key Highlights
- Three 1‑bedroom, 1‑bathroom apartments, approximately 667 SF each
- 0.17‑acre, 60x120 lot zoned RM1
- Roof identified as new in 2026; vinyl windows and newer electrical panels
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,308
Cap Rate
4.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$646,160
$646.2K
Cap Rate 7%
$461,543
$461.5K
Cap Rate 9%
$358,978
$359.0K
Market Conditions
NOI Build-Up for 2,200 SF
Gross rent
$48.8K $22.20/SF
− Vacancy
−$2.7K −$1.22/SF
EGI
$46.2K $20.98/SF
− OpEx
−$13.8K −$6.29/SF
NOI
$32.3K $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%
$646,160
Cap Rate 7%
$461,543
Cap Rate 9%
$358,978
Alternative Uses
Best Use
Multifamily LT 5
$461.5K
$403.9K – $538.5K
NOI $32,308 @ 7.0% cap · market cap 4.97%
Second Best
Apartment 5plus
$413.8K
$362.1K – $482.8K
NOI $28,967 @ 7.0% cap · market cap 4.46%
Theoretical Best
Office A
$617.8K
$540.6K – $720.8K
NOI $43,247 @ 7.0% cap · market cap 6.65%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
3
Residential units
66.7%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
532
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
$480,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Triplexes in Portland, OR
Properties on Market for Triplexes in Portland
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Three one-bedroom apartments have separate gas and electric meters, with residents responsible for their own utilities.
Where is this triplex located?
The property is located at 5800 SE WOODSTOCK Blvd Portland, OR.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: Three 1‑bedroom, 1‑bathroom apartments, approximately 667 SF each; 0.17‑acre, 60x120 lot zoned RM1; Roof identified as new in 2026; vinyl windows and newer electrical panels
