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    Updated Four-Plex Near University Title is generated by Realmo AI

    7555 N PORTSMOUTH Ave, Portland, OR 97203

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    For Sale
    $849,000

    MULTI_FAMILY - Portland, OR

    Property size:
    3,576 SF
    Lot size:
    0.16 Acres
    Price / SF:
    $237/SF
    Added:
    Apr 23, 2026
    Days on Market:
    49
    Last Refresh:
    Jun 10 at 12:06 am

    Property Features for 7555 N PORTSMOUTH Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    R-1
    Bedrooms
    8
    Bathrooms
    4
    Rooms
    Bathroom 1, Bedroom 7, Bedroom 5, Bedroom 1, Bedroom 3, Bedroom 6, Bedroom 8, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 4, Bedroom 2
    Standard status
    Active
    APN
    R248738
    Size
    3,576 SF
    Lot size
    0.16 Acres

    Taxes and HOA fees

    Tax Description
    PORTSMOUTH VILLA EXTD, BLOCK E, LOT 4
    Tax Annual Amount
    10133

    Utilities

    Heating system
    Zoned

    Building Details

    Year built
    1970
    Floors in Building
    2
    Number of units
    4
    Roof type
    Composition

    We can help!

    Listing Contact
    Marc Zemp
    Marc Zemp

    Listing agent Marc Zemp License #201203833

    Listing office Real Broker 2175 NW Raleigh Street, ste 110, Portland, OR

    Listing date Apr 23, 2026

    MLS# 185951818 Listing URL

    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.

    HighLights

    • Four‑plex built in 1970 with composition roof and zoned heating
    • Each unit has 2 bedrooms and 1 bathroom in roughly 800–900 SF
    • 3 units currently rented for a combined $4,730 per month
    • Fully remodeled vacant 4th unit with new flooring, cabinets, countertops, and bathroom could raise total rent to $6,680/month
    • Shared amenities include garden space, laundry, and tenant parking
    • Top floor includes sunrooms, and lower level has sunny patios

    Overview

    This updated four-plex is located in North Portland near the University of Portland. The property contains four units, each featuring two bedrooms and one bathroom, with each unit measuring approximately 800 to 900 square feet. Three of the units are currently rented, generating a combined monthly income of $4,730. The fourth unit is vacant and has been fully remodeled with new flooring, cabinets, countertops, and a bathroom. Renting the remodeled unit could potentially increase the total monthly income to $6,680. The property includes sunrooms for the top-floor tenants and sunny patios for the lower-level tenants. Residents have access to a shared garden space, laundry facilities, and tenant parking. Situated in the Portsmouth neighborhood, the property is near parks, New Seasons Market, Fred Meyer, coffee shops, restaurants, and bars. The lot size is 0.16 acres, and the property size is 3,576 square feet. This property is zoned R-1 and may be suitable for conventional financing as owner-occupied.

    Local 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 $75.1k $21.00
    − Vacancy −$3.9k −$1.09
    EGI $71.2k $19.91
    − OpEx −$21.4k −$5.97
    NOI $49.8k $13.94
    3,576 SF · lease $21.00/SF/yr · vacancy 5.20% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $711.9K
    $622.9K – $830.6K (±1% cap)
    NOI $49,834 @ 7.0% cap · market cap 5.87%
    Second Best
    Apartment 5plus
    $655.9K
    $574.0K – $765.3K (±1% cap)
    NOI $45,916 @ 7.0% cap · market cap 5.41%
    Theoretical Best
    Office A
    $1.00M
    $878.7K – $1.17M (±1% cap)
    NOI $70,296 @ 7.0% cap · market cap 8.28%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Washington
    State
    Oregon
    Longitude
    -122.724128
    Latitude
    45.583128

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    FAQs

    What type of property is this?
    Quadplex - Updated North Portland four-plex near University of Portland.
    Where is this quadplex located?
    The property is located at 7555 N PORTSMOUTH Ave Portland, OR.
    What is the asking price?
    The asking price for this property is $849,000.
    What are key features of this property?
    This property features: Four‑plex built in 1970 with composition roof and zoned heating; Each unit has 2 bedrooms and 1 bathroom in roughly 800–900 SF; 3 units currently rented for a combined $4,730 per month
    (503) 501-6925
    We can help!
    Listing Contact
    Marc Zemp
    Marc Zemp
    Real Estate License ID: 201203833
    Learn More
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