Residential Income
For Sale
$709,800
7466 N Polk AVE, Portland, OR 97203
A newly built residential income property with heat-pump heating and crawl-space construction.
Property Size1,826 SF
Days on Market42
Property Features for 7466 N Polk AVE
General Information
Standard status
Active
Size
1,826 SF
Property subtype
Residential Income
Zoning
R2.5
Net Operating Income
$43,709
Amenities
Heat Pump
Crawl Space
On Street
Building Details
Building Size
1,826 SF
Year Built
2025
Stories
2
Listing Agency:
Keller Williams Realty Portland Premiere
Listed By:
Darryl Bodle · License #199910100
(503) 709-4632
Source:
Evrealestate
Added: Aug 27
Changed: Oct 6
Last Checked: Oct 6 at 2:42AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty Portland Premiere
Investment Insights
Based on property information with market context.
Built in 2025, this residential income property has heat-pump heating and a crawl space. The property is zoned R2.5 and offers on-street parking on N Polk Ave in Portland.
Key Highlights
- Built in 2025
- Zoned R2.5
- Heat‑pump heating
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,446
Cap Rate
3.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$468,920
$468.9K
Cap Rate 7%
$334,943
$334.9K
Cap Rate 9%
$260,511
$260.5K
Market Conditions
NOI Build-Up for 1,826 SF
Gross rent
$44.9K $24.60/SF
− Vacancy
−$2.3K −$1.25/SF
EGI
$42.6K $23.35/SF
− OpEx
−$19.2K −$10.51/SF
NOI
$23.4K $12.84/SF
Area
Portland, OR
Vacancy
5.10%
Lease Rate
$24.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$468,920
Cap Rate 7%
$334,943
Cap Rate 9%
$260,511
Alternative Uses
Best Use
Apartment 5plus
$334.9K
$293.1K – $390.8K
NOI $23,446 @ 7.0% cap · market cap 3.30%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$512.8K
$448.7K – $598.3K
NOI $35,895 @ 7.0% cap · market cap 5.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
933
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential income property - A newly built residential income property with heat-pump heating and crawl-space construction.
Where is this residential income property located?
The property is located at 7466 N Polk AVE Portland, OR.
What is the asking price?
The asking price for this property is $709,800.
What are key features of this property?
This property features: Built in 2025; Zoned R2.5; Heat‑pump heating
