Park-Front 4-Plex
For Sale
$1,649,900
6214 N Kerby AVE, Portland, OR 97217
Newly built four-unit property with two 3-bedroom front homes and two 2-bedroom rear homes across from Peninsula Park.
Property Size3,936 SF
Days on Market137
Property Features for 6214 N Kerby AVE
General Information
Standard status
Active
Size
3,936 SF
Property subtype
MULTI_FAMILY
Site & Location
Neighborhood
Piedmont
Fenced Yard
Yes
Additional Details
Multifamily Units
4
Building Details
Building Size
3,936 SF
Year Built
2026
Listing Agency:
Keller Williams Realty Portland Premiere
Listed By:
Darryl Bodle · License #199910100
(503) 709-4632
Source:
Eleeterealestate
Added: Jun 19
Changed: Nov 1
Last Checked: Nov 1 at 11:43AM
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
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Investment Insights
Based on property information with market context.
This new North Portland 4-plex is positioned directly across from Peninsula Park and offers four residential units with a modern, efficient layout. The property includes two spacious 3-bedroom, 2.5-bath front homes and two 2-bedroom, 2.5-bath rear homes. Each unit features a great room-style main level with tall ceilings, solid-surface counters, stainless steel appliances, extensive custom cabinetry, and integrated elements such as mini splits for year-round heating and cooling. A convenient half bath is also included on the main level, with upstairs vaulted ceilings adding additional openness and natural light. Laundry is located between the bedrooms in each unit.
The front homes include exceptionally large front yards, while the rear homes offer fenced yard spaces and off-street parking. The setting is park-adjacent, with Peninsula Park amenities and open green space directly across the street.
The four units are described as newly constructed, providing a cohesive configuration within one multi-family building.
The front homes include exceptionally large front yards, while the rear homes offer fenced yard spaces and off-street parking. The setting is park-adjacent, with Peninsula Park amenities and open green space directly across the street.
The four units are described as newly constructed, providing a cohesive configuration within one multi-family building.
Key Highlights
- New North Portland 4‑plex built in 2026, directly across from Peninsula Park (16 acres)
- Unit mix: two 3‑bedroom, 2.5‑bath front homes plus two 2‑bedroom, 2.5‑bath rear homes
- Main‑level great room design in each home with tall ceilings, solid surface counters, and stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,851
Cap Rate
3.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,097,020
$1.1M
Cap Rate 7%
$783,586
$783.6K
Cap Rate 9%
$609,456
$609.5K
Market Conditions
NOI Build-Up for 3,936 SF
Gross rent
$82.7K $21.00/SF
− Vacancy
−$4.3K −$1.09/SF
EGI
$78.4K $19.91/SF
− OpEx
−$23.5K −$5.97/SF
NOI
$54.9K $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%
$1,097,020
Cap Rate 7%
$783,586
Cap Rate 9%
$609,456
Alternative Uses
Best Use
Multifamily LT 5
$783.6K
$685.6K – $914.2K
NOI $54,851 @ 7.0% cap · market cap 3.32%
Second Best
Apartment 5plus
$722.0K
$631.7K – $842.3K
NOI $50,538 @ 7.0% cap · market cap 3.06%
Theoretical Best
Office A
$1.11M
$967.2K – $1.29M
NOI $77,373 @ 7.0% cap · market cap 4.69%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
1,173
Businesses Nearby
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Business Placement
Demographics for 97217, OR
36,086
Population
17,038
Households
2.1
Avg Household Size
38
Median Age
59%
College-Educated
96%
High-School Grad
11.1 sq mi
ZIP Area
3,251
Density / Sq Mi
$100,387
Median Household Income
$56,790
Median Earnings
$1,789
Median Rent
$569,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Newly built four-unit property with two 3-bedroom front homes and two 2-bedroom rear homes across from Peninsula Park.
Where is this quadplex located?
The property is located at 6214 N Kerby AVE Portland, OR.
What is the asking price?
The asking price for this property is $1,649,900.
What are key features of this property?
This property features: New North Portland 4‑plex built in 2026, directly across from Peninsula Park (16 acres); Unit mix: two 3‑bedroom, 2.5‑bath front homes plus two 2‑bedroom, 2.5‑bath rear homes; Main‑level great room design in each home with tall ceilings, solid surface counters, and stainless steel appliances
