Four-Residence Multifamily
New
For Sale
$2,059,900
7262 SW 1st Ave, Portland, OR 97219
MultiFamily, Portland, OR
Property Size5,080 SF
Lot Size0.19 Acres
Price / SF$405.49
Days on Market1
Property Features for 7262 SW 1st Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Property condition
Under Construction
Zoning
R5
Bedrooms
3
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 2, Bedroom 2, Bedroom 1, Bathroom 1, Bedroom 3, Bathroom 3
Subdivision
SOUTH PORTLAND
Elementary school
Rieke
Middle school
Robert Gray
High school
Ida B Wells
Directions
Barbur Blvd, east on SW Miles St, north on SW 1st Ave to property
Standard status
Active
APN
R139954
Size
5,080 SF
Lot size
0.19 Acres
Utilities
Heating system
Heat Pump (Heating)
Cooling system
Heat Pump
Amenities
covered patios
private outdoor areas
minisplit heating and cooling
individual laundry areas
Building Details
Year built
2026
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: Aug 24
Last Checked: Aug 24 at 4:06PM
MLS# 721738351
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 multifamily property comprises four residences in two matching buildings, totaling 5,080 square feet on 0.19 acres. Each home contains three bedrooms and three full bathrooms, with one bedroom and bath on the main level, open living, dining, and kitchen areas, plus two upstairs bedrooms and bathrooms. Finishes include shaker cabinetry, slab countertops, full-height backsplashes, stainless steel Whirlpool appliances, black fixtures, and detailed millwork. Covered patios, private outdoor areas, minisplit heating and cooling, and individual laundry areas serve each residence. The property is under construction with a 2026 year built and includes 2-10 Builder Warranty coverage at closing.
The 7250/7252 building has dedicated driveways for off-street parking, while 7260/7262 provide larger fenced yards with lawn space. The property is zoned R5 and has no HOA or monthly association dues. It is near Fulton Park, Willamette Park, the Willamette Greenway Trail, John's Landing, Sellwood Bridge, OHSU, Barbur Blvd, I-5, and downtown Portland.
The 7250/7252 building has dedicated driveways for off-street parking, while 7260/7262 provide larger fenced yards with lawn space. The property is zoned R5 and has no HOA or monthly association dues. It is near Fulton Park, Willamette Park, the Willamette Greenway Trail, John's Landing, Sellwood Bridge, OHSU, Barbur Blvd, I-5, and downtown Portland.
Key Highlights
- Four residences across two matching buildings, totaling 5,080 square feet
- Each home includes 3 bedrooms and 3 full bathrooms
- 0.19‑acre multifamily property zoned R5
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
$74,601
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
3.62%
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%
$1,492,020
$1.5M
Cap Rate 7%
$1,065,729
$1.1M
Cap Rate 9%
$828,900
$828.9K
Market Conditions
NOI Build-Up for 5,080 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
$112.8K $22.20/SF
− Vacancy
−$6.2K −$1.22/SF
EGI
$106.6K $20.98/SF
− OpEx
−$32.0K −$6.29/SF
NOI
$74.6K $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 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%
$1,492,020
Cap Rate 7%
$1,065,729
Cap Rate 9%
$828,900
Alternative Uses
Best Use
Multifamily LT 5
$1.07M
$932.5K – $1.24M
NOI $74,601 @ 7.0% cap · market cap 3.62%
Second Best
Apartment 5plus
$939.0K
$821.6K – $1.10M
NOI $65,729 @ 7.0% cap · market cap 3.19%
Theoretical Best
Office A
$1.43M
$1.25M – $1.66M
NOI $99,861 @ 7.0% cap · market cap 4.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
564
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - Four individual homes combine private outdoor space, dedicated laundry areas, and separate street addresses within two buildings.
Where is this multifamily property located?
The property is located at 7262 SW 1st Ave Portland, OR.
What is the asking price?
The asking price for this property is $2,059,900.
What are key features of this property?
This property features: Four residences across two matching buildings, totaling 5,080 square feet; Each home includes 3 bedrooms and 3 full bathrooms; 0.19‑acre multifamily property zoned R5
