Modern Multifamily
7560 N Emerald Ave, Portland, OR 97217
For Sale
$64,000,000
MultiFamily, Portland, OR
Property Size170,005 SF
Lot Size6.48 Acres
Price / SF$376.46
Days on Market142
Property Features for 7560 N Emerald Ave
General Information
Property type
Property subtype
Zoning
Subdivision
Elementary school
Middle school
High school
Directions
Standard status
APN
Size
Lot size
Utilities
Heating system
Cooling system
Building Details
Year built
Floors in Building
Roof type
Listing Agency:
Keller Williams Realty Portland Premiere
(503) 597-2444
Listed By:
Darryl Bodle · License OR #199910100
(503) 709-4632
Added: Jun 26
Changed: Sep 22
Last Checked: Nov 14 at 12:06AM
MLS# 409909207
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.
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Investment Insights
Based on property information with market context.
This multifamily offering comprises 170 units across 23 separate properties in Portland and along the Oregon Coast. The asset mix includes cottage cluster communities, duplexes, triplexes, and other multifamily configurations. The residences were developed between 2023 and 2025 and include contemporary finishes, efficient floor plans, private outdoor areas, and off-street parking or garages where available.
The properties cover 6.48 acres and represent 170,005 square feet of residential improvements. Locations include multiple Portland neighborhoods and selected coastal communities, providing geographic distribution within the offering. Zoning varies by property. Building systems identified for the portfolio include forced-air heating, heat-pump cooling, and composition roofing.
The properties cover 6.48 acres and represent 170,005 square feet of residential improvements. Locations include multiple Portland neighborhoods and selected coastal communities, providing geographic distribution within the offering. Zoning varies by property. Building systems identified for the portfolio include forced-air heating, heat-pump cooling, and composition roofing.
Key Highlights
- 170‑unit multifamily portfolio comprising 23 separate property offerings
- 170,005 square feet across 6.48 acres
- Property mix includes cottage clusters, duplexes, triplexes, and other multifamily assets
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$2,369,122
Cap Rate
3.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$47,382,440
$47.4M
Cap Rate 7%
$33,844,600
$33.8M
Cap Rate 9%
$26,323,578
$26.3M
Market Conditions
NOI Build-Up for 170,005 SF
Gross rent
$3.57M $21.00/SF
− Vacancy
−$185.6K −$1.09/SF
EGI
$3.38M $19.91/SF
− OpEx
−$1.02M −$5.97/SF
NOI
$2.37M $13.94/SF
Area
Portland, OR
Vacancy
5.20%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$47,382,440
Cap Rate 7%
$33,844,600
Cap Rate 9%
$26,323,578
Alternative Uses
Best Use
Multifamily LT 5
$33.84M
$29.61M – $39.49M
NOI $2,369,122 @ 7.0% cap · market cap 3.70%
Second Best
Apartment 5plus
$31.18M
$27.29M – $36.38M
NOI $2,182,859 @ 7.0% cap · market cap 3.41%
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.
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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
$569,500
Median Home Value
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Market
Average Price Trend$/SF for Multifamily properties in Portland, OR
Properties on Market for Multifamily properties in Portland
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Multifamily property - Newer residential rental assets span Portland and select Oregon Coast locations.
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‑unit multifamily portfolio comprising 23 separate property offerings; 170,005 square feet across 6.48 acres; Property mix includes cottage clusters, duplexes, triplexes, and other multifamily assets
