Renovated Quadplex with Metal
For Sale
$949,000
6855 SW CAPITOL Hwy, Portland, OR 97219
MultiFamily, Portland, OR
Property Size3,744 SF
Lot Size0.24 Acres
Price / SF$253.47
Days on Market96
Property Features for 6855 SW CAPITOL Hwy
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RM1
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 6, Bedroom 3, Bedroom 1, Bathroom 2, Bathroom 1, Bathroom 3, Bedroom 5, Bedroom 4, Bedroom 2
Elementary school
Maplewood
Middle school
Jackson
High school
Ida B Wells
Directions
Capitol Hwy & SW Florida St.
Subdivision
_148
Standard status
Active
APN
R275438
Size
3,744 SF
Lot size
0.24 Acres
Taxes and HOA fees
Tax Description
STARLITE VIEW, BLOCK 2, LOT 5
Tax Annual Amount
10992
Legal Description
STARLITE VIEW, BLOCK 2, LOT 5
Utilities
Heating system
Baseboard
Building Details
Year built
1962
Floors in Building
2
Number of units
4
Roof type
Metal
Listing Agency:
Tim Shannon Realty, Inc.
Listed By:
Tim Shannon · License #890800048
(503) 309-4106
Added: Jul 29
Changed: Oct 26
Last Checked: Nov 1 at 11:06AM
MLS# 293054745
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.
This four-unit residential income property contains 3,744 square feet within a 0.24-acre parcel. Three units have received interior updates, including new flooring, paint, and appliances. The property also has refreshed exterior paint, new gutters, and a metal roof designed for low maintenance. Baseboard heating serves the building.
Built in 1962 and zoned RM1, the property includes four bathrooms and six bedrooms identified in the room details. The combination of renovated unit interiors, durable roofing, and updated exterior components provides a clearly defined multifamily configuration.
Built in 1962 and zoned RM1, the property includes four bathrooms and six bedrooms identified in the room details. The combination of renovated unit interiors, durable roofing, and updated exterior components provides a clearly defined multifamily configuration.
Key Highlights
- Four‑unit quadplex with 3,744 square feet
- Three units renovated with new flooring, paint, and appliances
- New exterior paint and gutters
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,982
Cap Rate
5.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,099,640
$1.1M
Cap Rate 7%
$785,457
$785.5K
Cap Rate 9%
$610,911
$610.9K
Market Conditions
NOI Build-Up for 3,744 SF
Gross rent
$83.1K $22.20/SF
− Vacancy
−$4.6K −$1.22/SF
EGI
$78.5K $20.98/SF
− OpEx
−$23.6K −$6.29/SF
NOI
$55.0K $14.69/SF
Area
ZIP 97219
Vacancy
5.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,099,640
Cap Rate 7%
$785,457
Cap Rate 9%
$610,911
Alternative Uses
Best Use
Multifamily LT 5
$785.5K
$687.3K – $916.4K
NOI $54,982 @ 7.0% cap · market cap 5.79%
Second Best
Apartment 5plus
$692.0K
$605.5K – $807.4K
NOI $48,443 @ 7.0% cap · market cap 5.10%
Theoretical Best
Office A
$1.05M
$920.0K – $1.23M
NOI $73,599 @ 7.0% cap · market cap 7.76%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
985
Businesses Nearby
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Business Placement
Demographics for 97219, OR
42,474
Population
18,881
Households
2.2
Avg Household Size
40
Median Age
66%
College-Educated
98%
High-School Grad
11.7 sq mi
ZIP Area
3,630
Density / Sq Mi
$115,525
Median Household Income
$59,178
Median Earnings
$1,603
Median Rent
$651,600
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 - Three units feature updated interiors, complemented by metal roofing and baseboard heating.
Where is this quadplex located?
The property is located at 6855 SW CAPITOL Hwy Portland, OR.
What is the asking price?
The asking price for this property is $949,000.
What are key features of this property?
This property features: Four‑unit quadplex with 3,744 square feet; Three units renovated with new flooring, paint, and appliances; New exterior paint and gutters
