Updated Character
For Sale
$689,900
6313 SE 92nd Ave, Portland, OR 97266
Three-unit property with refreshed kitchens, bathrooms, finishes, and washer-dryer hookups for every residence.
Property Size3,872 SF
Price / SF$178.18
Days on Market29
Property Features for 6313 SE 92nd Ave
General Information
Standard status
Active
Size
3,872 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/1BA, 1 x 3BR/1BA
Multifamily Units
3
Amenities
washer/dryer hookups
Building Details
Year Built
1912
Buildings
1
Listing Agency:
Premiere Property Group, LLC
(503) 984-9887
Listed By:
Jason Preuit · License #200408054
Source:
Evokepropertypartners
Added: Aug 2
Changed: Aug 28
Last Checked: Aug 29 at 12:13PM
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 Premiere Property Group, LLC
Investment Insights
Based on property information with market context.
Built in 1912, this 3,872-square-foot triplex combines preserved older-home details with updates to the kitchens, bathrooms, and interior finishes. The unit mix includes two residences with 2 bedrooms and 1 bathroom each, plus a main-floor residence with 3 bedrooms and 1 bathroom. Washer and dryer hookups are provided in every unit.
The property sits just off the Foster corridor in SE Portland, with shopping, parks, schools, and everyday services nearby. The three-unit configuration supports a range of ownership strategies, including occupying one residence while leasing the others.
The property sits just off the Foster corridor in SE Portland, with shopping, parks, schools, and everyday services nearby. The three-unit configuration supports a range of ownership strategies, including occupying one residence while leasing the others.
Key Highlights
- 3,872‑square‑foot triplex built in 1912
- Unit mix includes two 2‑bedroom, 1‑bath residences and one 3‑bedroom, 1‑bath main‑floor residence
- Kitchens, bathrooms, and interior finishes updated over time
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
$53,959
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
7.82%
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%
$1,079,180
$1.1M
Cap Rate 7%
$770,843
$770.8K
Cap Rate 9%
$599,544
$599.5K
Market Conditions
NOI Build-Up for 3,872 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
$81.3K $21.00/SF
− Vacancy
−$4.2K −$1.09/SF
EGI
$77.1K $19.91/SF
− OpEx
−$23.1K −$5.97/SF
NOI
$54.0K $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%
$1,079,180
Cap Rate 7%
$770,843
Cap Rate 9%
$599,544
Alternative Uses
Best Use
Multifamily LT 5
$770.8K
$674.5K – $899.3K
NOI $53,959 @ 7.0% cap · market cap 7.82%
Second Best
Apartment 5plus
$710.2K
$621.5K – $828.6K
NOI $49,716 @ 7.0% cap · market cap 7.21%
Theoretical Best
Office A
$1.09M
$951.4K – $1.27M
NOI $76,115 @ 7.0% cap · market cap 11.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
693
Businesses Nearby
Explore this area
Business Placement
Demographics for 97266, OR
36,095
Population
13,863
Households
2.6
Avg Household Size
37
Median Age
29%
College-Educated
85%
High-School Grad
6.1 sq mi
ZIP Area
5,917
Density / Sq Mi
$71,791
Median Household Income
$39,856
Median Earnings
$1,532
Median Rent
$420,800
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three-unit property with refreshed kitchens, bathrooms, finishes, and washer-dryer hookups for every residence.
Where is this triplex located?
The property is located at 6313 SE 92nd Ave Portland, OR.
What is the asking price?
The asking price for this property is $689,900.
What are key features of this property?
This property features: 3,872‑square‑foot triplex built in 1912; Unit mix includes two 2‑bedroom, 1‑bath residences and one 3‑bedroom, 1‑bath main‑floor residence; Kitchens, bathrooms, and interior finishes updated over time
