New Construction
For Sale
Contact for pricing
6205 Northeast Stanton Street, Portland, OR 97213
Three attached residences feature townhouse-style layouts, private outdoor areas, and vacancy-ready interiors.
Property Size3,001 SF
Price / SF$423.16
Days on Market96
Property Features for 6205 Northeast Stanton Street
General Information
Standard status
Active
Size
3,001 SF
Class
A
Property subtype
Multifamily
Zoning
R2.5
Building Details
Year Built
2026
Buildings
1
Units
3
Listing Agency:
Keller Williams Realty Portland Premiere
(503) 597-2444
Listed By:
Darryl Bodle · License #199910100
Source:
Crexi
Added: May 28
Changed: Aug 30
Last Checked: Aug 30 at 7:00PM
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 Keller Williams Realty Portland Premiere
Investment Insights
Based on property information with market context.
Completed in 2026, this attached triplex contains three vacant residences totaling approximately 3,001 square feet. The unit mix includes one three-bedroom, two-and-one-half-bath end residence of approximately 1,177 square feet and two two-bedroom, two-and-one-half-bath interior residences of approximately 912 square feet each. All three units are finished for lease-up and arranged in townhouse-style layouts with open great-room living areas, upstairs laundry, and private outdoor space. Mini-split systems provide heating and cooling, while the interior residences feature vaulted bedroom ceilings and the end residence includes higher ceilings throughout along with a larger private yard.
The property is zoned R2.5 and is located in Portland’s Rose City Park neighborhood near NE Sandy Boulevard. Nearby amenities include cafés, restaurants, shops, services, and daily essentials, with neighborhood walkability and bike access also noted. The projected pro forma cap rate at stabilization is 5.13%.
The property is zoned R2.5 and is located in Portland’s Rose City Park neighborhood near NE Sandy Boulevard. Nearby amenities include cafés, restaurants, shops, services, and daily essentials, with neighborhood walkability and bike access also noted. The projected pro forma cap rate at stabilization is 5.13%.
Key Highlights
- Three‑unit attached property completed in 2026
- Approximately 3,001 SF with one 3‑bedroom and two 2‑bedroom residences
- All units are vacant, completed, and ready for lease‑up
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
$41,821
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
3.29%
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%
$836,420
$836.4K
Cap Rate 7%
$597,443
$597.4K
Cap Rate 9%
$464,678
$464.7K
Market Conditions
NOI Build-Up for 3,001 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
$63.0K $21.00/SF
− Vacancy
−$3.3K −$1.09/SF
EGI
$59.7K $19.91/SF
− OpEx
−$17.9K −$5.97/SF
NOI
$41.8K $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%
$836,420
Cap Rate 7%
$597,443
Cap Rate 9%
$464,678
Alternative Uses
Best Use
Multifamily LT 5
$597.4K
$522.8K – $697.0K
NOI $41,821 @ 7.0% cap · market cap 3.29%
Second Best
Apartment 5plus
$550.5K
$481.7K – $642.2K
NOI $38,533 @ 7.0% cap · market cap 3.03%
Theoretical Best
Office A
$842.8K
$737.4K – $983.2K
NOI $58,993 @ 7.0% cap · market cap 4.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
745
Businesses Nearby
Explore this area
Business Placement
Demographics for 97213, OR
31,260
Population
14,971
Households
2.1
Avg Household Size
40
Median Age
61%
College-Educated
95%
High-School Grad
4.0 sq mi
ZIP Area
7,815
Density / Sq Mi
$95,801
Median Household Income
$56,941
Median Earnings
$1,490
Median Rent
$609,100
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Three attached residences feature townhouse-style layouts, private outdoor areas, and vacancy-ready interiors.
Where is this triplex located?
The property is located at 6205 Northeast Stanton Street Portland, OR.
What is the asking price?
The asking price for this property is $1,269,900.
What are key features of this property?
This property features: Three‑unit attached property completed in 2026; Approximately 3,001 SF with one 3‑bedroom and two 2‑bedroom residences; All units are vacant, completed, and ready for lease‑up
