Quadplex Cottage
For Sale
$1,813,900
6439 SE 88th Ave, Portland, OR 97266
MULTI_FAMILY - Portland, OR
Property Size5,224 SF
Lot Size0.16 Acres
Price / SF$347.22
Days on Market226
Property Features for 6439 SE 88th Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Property condition
Under Construction
Zoning
R2.5
Bedrooms
4
Bathrooms
6
Full bathrooms
6
Rooms
Bedroom 3, Bathroom 1, Bedroom 4, Bathroom 5, Bathroom 3, Bathroom 4, Bedroom 1, Bathroom 6, Bathroom 2, Bedroom 2
Subdivision
LENTS
Elementary school
Kelly
Middle school
Lane
High school
Franklin
Directions
SE Duke St to SE 88th
Standard status
Active
APN
New Construction
Size
5,224 SF
Lot size
0.16 Acres
Utilities
Cooling system
Heat Pump
Amenities
in-unit laundry space
energy-efficient mini-split systems
kitchen islands with eat bars
manicured landscaping
shared common space
Building Details
Year built
2025
Floors in Building
2
Number of units
4
Roof type
Composition
Listing Agency:
Keller Williams Realty Portland Premiere
(503) 597-2444
Listed By:
Darryl Bodle · License #199910100
(503) 709-4632
Added: Dec 19, 2025
Changed: Aug 2
Last Checked: Aug 2 at 3:06PM
MLS# 381819522
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.
Investment Insights
Based on property information with market context.
Four detached homes being developed as a quadplex cottage cluster in an R2.5 zoning setting. The project is under construction with an estimated 2025 build timeline, positioned on a 0.16-acre lot totaling 5,224 square feet. The four residences share a consistent layout with three bedrooms and two and one-half bathrooms, and each home includes dedicated in-unit laundry space. For year-round comfort, every unit is served by energy-efficient mini-split systems with heat pump technology.
The front two homes include one-car garages with driveway parking, while the rear two homes use street parking. Roof materials are composition. The property is planned with manicured landscaping throughout the shared common space, supporting curb appeal and an inviting community setting.
The detached cottage-cluster design is intended to provide privacy and individuality for tenants while remaining efficient for ownership and day-to-day management.
The front two homes include one-car garages with driveway parking, while the rear two homes use street parking. Roof materials are composition. The property is planned with manicured landscaping throughout the shared common space, supporting curb appeal and an inviting community setting.
The detached cottage-cluster design is intended to provide privacy and individuality for tenants while remaining efficient for ownership and day-to-day management.
Key Highlights
- 0.16‑acre lot with 5,224 SF quadplex cottage cluster development
- Under construction for a 2025 build year
- Four detached homes, each with three bedrooms and two and one‑half bathrooms
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $109.7k | $21.00 |
| − Vacancy | −$5.7k | −$1.09 |
| EGI | $104.0k | $19.91 |
| − OpEx | −$31.2k | −$5.97 |
| NOI | $72.8k | $13.94 |
5,224 SF · lease $21.00/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.04M
$910.0K – $1.21M
NOI $72,800 @ 7.0% cap · market cap 4.01%
Second Best
Apartment 5plus
$958.2K
$838.5K – $1.12M
NOI $67,076 @ 7.0% cap · market cap 3.70%
Theoretical Best
Office A
$1.47M
$1.28M – $1.71M
NOI $102,692 @ 7.0% cap · market cap 5.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
907
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?
Quadplex - Four detached homes under construction in R2.5 zoning, each with in-unit laundry and mini-split heating and cooling.
Where is this quadplex located?
The property is located at 6439 SE 88th Ave Portland, OR.
What is the asking price?
The asking price for this property is $1,813,900.
What are key features of this property?
This property features: 0.16‑acre lot with 5,224 SF quadplex cottage cluster development; Under construction for a 2025 build year; Four detached homes, each with three bedrooms and two and one‑half bathrooms
