Five-Home Multifamily
For Sale
$1,799,900
6917 N Bank St, Portland, OR 97203
MULTI_FAMILY - Portland, OR
Property Size4,349 SF
Price / SF$413.87
Days on Market672
Property Features for 6917 N Bank St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R5
Bedrooms
4
Bathrooms
6
Full bathrooms
6
Rooms
Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bathroom 6, Bedroom 4, Bathroom 1, Bathroom 3, Bedroom 3, Bathroom 2
Subdivision
ST JOHNS
Elementary school
James John
Middle school
George
High school
Roosevelt
Directions
N Columbia Blvd, E on N Bank St
Standard status
Active
APN
New Construction
Size
4,349 SF
Utilities
Cooling system
Heat Pump
Building Details
Year built
2024
Floors in Building
2
Number of units
5
Roof type
Composition
Listing Agency:
Keller Williams Realty Portland Premiere
(503) 597-2444
Listed By:
Darryl Bodle · License #199910100
(503) 709-4632
Added: Oct 1, 2024
Changed: Aug 2
Last Checked: Aug 3 at 3:06AM
MLS# 24513832
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.
This property is a five-home multifamily setup featuring detached residences, each with two bedrooms and 2.1 baths. The homes are described as having an open-concept layout with bedrooms and primary suites upstairs. Each living room opens to a private yard space.
Located at 6917 N Bank St in Portland’s St. Johns neighborhood (97203), the property is described as being about 0.3 miles from nearby amenities including coffee shops, grocery stores, parks, and restaurants. The homes are new construction with a 1-year builder warranty provided in the remarks.
Additional physical features noted include heat pump cooling and a composition roof. The property is listed with a total size of 4,349 square feet and a 2024 year built date.
Located at 6917 N Bank St in Portland’s St. Johns neighborhood (97203), the property is described as being about 0.3 miles from nearby amenities including coffee shops, grocery stores, parks, and restaurants. The homes are new construction with a 1-year builder warranty provided in the remarks.
Additional physical features noted include heat pump cooling and a composition roof. The property is listed with a total size of 4,349 square feet and a 2024 year built date.
Key Highlights
- Five detached homes, each with two bedrooms and 2.1 baths
- Zoned R5
- Year built 2024
Financial Insights For Apartment 5plus
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 | $107.0k | $24.60 |
| − Vacancy | −$5.5k | −$1.25 |
| EGI | $101.5k | $23.35 |
| − OpEx | −$45.7k | −$10.51 |
| NOI | $55.8k | $12.84 |
4,349 SF · lease $24.60/SF/yr · vacancy 5.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$797.7K
$698.0K – $930.7K
NOI $55,841 @ 7.0% cap · market cap 3.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.22M
$1.07M – $1.42M
NOI $85,491 @ 7.0% cap · market cap 4.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
211
Businesses Nearby
Explore this area
Business Placement
Demographics for 97203, OR
33,763
Population
13,462
Households
2.5
Avg Household Size
34
Median Age
45%
College-Educated
90%
High-School Grad
10.8 sq mi
ZIP Area
3,126
Density / Sq Mi
$77,619
Median Household Income
$46,152
Median Earnings
$1,551
Median Rent
$468,600
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?
Apartment building - Five detached homes in zoning R5 built in 2024 with heat pump cooling and composition roofing.
Where is this apartment building located?
The property is located at 6917 N Bank St Portland, OR.
What is the asking price?
The asking price for this property is $1,799,900.
What are key features of this property?
This property features: Five detached homes, each with two bedrooms and 2.1 baths; Zoned R5; Year built 2024
