Triplex with Separate
For Sale
$679,900
6313 SE 92ND Ave, Portland, OR 97266
MultiFamily, Portland, OR
Property Size3,872 SF
Lot Size0.13 Acres
Price / SF$175.59
Days on Market221
Property Features for 6313 SE 92ND Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RM2
Bedrooms
7
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 1, Bedroom 3, Bedroom 4, Bedroom 5, Bedroom 1, Bedroom 2, Bathroom 3, Bathroom 2, Bedroom 6, Bedroom 7
Elementary school
Kelly
Middle school
Brentwood
High school
Franklin
Directions
South of Foster Rd on 92nd to property
Subdivision
_143
Standard status
Active
APN
R121998
Size
3,872 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Description
BROCK ADD, BLOCK 1, LOT 2
Tax Annual Amount
4365
Legal Description
BROCK ADD, BLOCK 1, LOT 2
Utilities
Heating system
Heat Pump (Heating)
Amenities
washer/dryer hookups
Building Details
Year built
1912
Floors in Building
3
Number of units
3
Roof type
Composition
Listing Agency:
Premiere Property Group, LLC
(503) 670-9000
Listed By:
Jason Preuit · License #200408054
(503) 984-9887
Added: Mar 26
Changed: Oct 29
Last Checked: Nov 1 at 10:06PM
MLS# 385255736
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.
Built in 1912, this RM2-zoned triplex contains three apartments: one with three bedrooms and one bathroom, plus two units with two bedrooms and one bathroom apiece. Separate entrances serve the additional apartments. The property has seven bedrooms and three bathrooms overall, with a 0.13-acre lot. Kitchens, bathrooms, and interior finishes have been updated, while original architectural elements remain. Washer and dryer hookups are provided in each unit.
A documented rental history is in place. The property is near the Foster corridor in southeast Portland, with local shops, shopping, parks, schools, and everyday services in the surrounding area. Street improvements and walkability are also noted nearby.
A documented rental history is in place. The property is near the Foster corridor in southeast Portland, with local shops, shopping, parks, schools, and everyday services in the surrounding area. Street improvements and walkability are also noted nearby.
Key Highlights
- Three apartments with a 3‑bedroom unit and two 2‑bedroom units
- 7 bedrooms and 3 bathrooms total
- 0.13‑acre lot with RM2 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,959
Cap Rate
7.94%
Suggested Prices Based on Cap Rates
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
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 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 7.94%
Second Best
Apartment 5plus
$710.2K
$621.5K – $828.6K
NOI $49,716 @ 7.0% cap · market cap 7.31%
Theoretical Best
Office A
$1.09M
$951.4K – $1.27M
NOI $76,115 @ 7.0% cap · market cap 11.20%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
693
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Three distinct apartments offer a seven-bedroom configuration and individual laundry hookups.
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 $679,900.
What are key features of this property?
This property features: Three apartments with a 3‑bedroom unit and two 2‑bedroom units; 7 bedrooms and 3 bathrooms total; 0.13‑acre lot with RM2 zoning
