170-Unit Multifamily
For Sale
$64,000,000
7560 N Emerald AVE, Portland, OR 97217
Cottage clusters, duplexes, triplexes and other rental properties span Portland and the Oregon Coast.
Property Size170,005 SF
Price / SF$376.46
Days on Market130
Property Features for 7560 N Emerald AVE
General Information
Standard status
Active
Size
170,005 SF
Property subtype
MULTI_FAMILY
Site & Location
Neighborhood
Kenton
Additional Details
Multifamily Units
170
Building Details
Building Size
170,005 SF
Year Built
2023
Listing Agency:
Side, Inc.
Listed By:
Hustle & Heart Homes
(503) 704-9431
Source:
Hustlehearthomes
Added: Jun 26
Changed: Nov 2
Last Checked: Oct 31 at 6:53PM
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 Side, Inc.
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Investment Insights
Based on property information with market context.
This multifamily offering brings together 170 units in 23 offerings across Portland and the Oregon Coast. The property mix includes cottage cluster communities, duplexes, triplexes and other plex assets. Construction dates range from 2023 to 2025, with several properties still under construction. Residences include efficient layouts, contemporary finishes and private outdoor areas; off-street parking or garages are available at some properties.
The portfolio may be acquired as a whole or through selected properties, with options across Portland neighborhoods and coastal locations. Property-level rental status, financial information and construction completion timing are available upon buyer inquiry.
The portfolio may be acquired as a whole or through selected properties, with options across Portland neighborhoods and coastal locations. Property-level rental status, financial information and construction completion timing are available upon buyer inquiry.
Key Highlights
- 170 units across 23 offerings
- Multifamily properties in Portland and along the Oregon Coast
- Property types include cottage clusters, duplexes and triplexes
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$2,182,859
Cap Rate
3.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$43,657,180
$43.7M
Cap Rate 7%
$31,183,700
$31.2M
Cap Rate 9%
$24,253,989
$24.3M
Market Conditions
NOI Build-Up for 170,005 SF
Gross rent
$4.18M $24.60/SF
− Vacancy
−$213.3K −$1.25/SF
EGI
$3.97M $23.35/SF
− OpEx
−$1.79M −$10.51/SF
NOI
$2.18M $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%
$43,657,180
Cap Rate 7%
$31,183,700
Cap Rate 9%
$24,253,989
Alternative Uses
Best Use
Apartment 5plus
$31.18M
$27.29M – $36.38M
NOI $2,182,859 @ 7.0% cap · market cap 3.41%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$47.74M
$41.77M – $55.70M
NOI $3,341,912 @ 7.0% cap · market cap 5.22%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
170
Residential units
Location Intelligence
Trade Area within ½ mile
547
Businesses Nearby
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Business Placement
Demographics for 97217, OR
36,086
Population
17,038
Households
2.1
Avg Household Size
38
Median Age
59%
College-Educated
96%
High-School Grad
11.1 sq mi
ZIP Area
3,251
Density / Sq Mi
$100,387
Median Household Income
$56,790
Median Earnings
$1,789
Median Rent
$569,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Multifamily property - Cottage clusters, duplexes, triplexes and other rental properties span Portland and the Oregon Coast.
Where is this multifamily property located?
The property is located at 7560 N Emerald AVE Portland, OR.
What is the asking price?
The asking price for this property is $64,000,000.
What are key features of this property?
This property features: 170 units across 23 offerings; Multifamily properties in Portland and along the Oregon Coast; Property types include cottage clusters, duplexes and triplexes
