7-Unit Apartment
For Sale
Contact for pricing
7593 SW Capitol Hwy, Portland, OR 97219
Newly built residences feature private patios, in-unit laundry, and mini-split heating and cooling.
Property Size6,760 SF
Price / SF$471.05
Days on Market10
Property Features for 7593 SW Capitol Hwy
General Information
Standard status
Active
Size
6,760 SF
Property subtype
Multifamily
Units
Unit Mix
7 x 2BR/2.5BA
Multifamily Units
7
Listing Agency:
Keller Williams Realty Portland Premiere
Listed By:
Darryl Bodle · License #199910100
(503) 597-2444
Source:
Crexi
Added: Sep 9
Changed: Sep 12
Last Checked: Sep 16 at 2:07PM
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.
This newly built apartment property contains seven residences arranged as a fourplex and a triplex. Each home offers two bedrooms, 2.5 bathrooms, and approximately 6,760 square feet across the property. The two-story layouts place the kitchen, dining area, and living room on the main level, with bedrooms, full bathrooms, and laundry upstairs. Private patios extend the usable living areas, while mini-split systems provide heating and cooling.
Located at 7593 SW Capitol Hwy in Portland, the property has an 83 Walk Score and sits near Multnomah Village amenities including Multnomah Arts Center, Village Coffee, Fat City Cafe, Annie Bloom’s Books, and Grand Central Bakery. The setting also provides access to Southwest Portland transportation corridors and employment centers. The unit mix includes both end and interior residences, and each home is supported by a warranty.
Located at 7593 SW Capitol Hwy in Portland, the property has an 83 Walk Score and sits near Multnomah Village amenities including Multnomah Arts Center, Village Coffee, Fat City Cafe, Annie Bloom’s Books, and Grand Central Bakery. The setting also provides access to Southwest Portland transportation corridors and employment centers. The unit mix includes both end and interior residences, and each home is supported by a warranty.
Key Highlights
- Seven residences configured as a fourplex and triplex
- Approximately 6,760 square feet with seven 2‑bedroom, 2.5‑bath homes
- Two‑story layouts with open main living areas and private patios
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
$99,273
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
3.12%
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%
$1,985,460
$2.0M
Cap Rate 7%
$1,418,186
$1.4M
Cap Rate 9%
$1,103,033
$1.1M
Market Conditions
NOI Build-Up for 6,760 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
$150.1K $22.20/SF
− Vacancy
−$8.3K −$1.22/SF
EGI
$141.8K $20.98/SF
− OpEx
−$42.5K −$6.29/SF
NOI
$99.3K $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%
$1,985,460
Cap Rate 7%
$1,418,186
Cap Rate 9%
$1,103,033
Alternative Uses
Best Use
Multifamily LT 5
$1.42M
$1.24M – $1.65M
NOI $99,273 @ 7.0% cap · market cap 3.12%
Second Best
Apartment 5plus
$1.25M
$1.09M – $1.46M
NOI $87,466 @ 7.0% cap · market cap 2.75%
Theoretical Best
Office A
$1.90M
$1.66M – $2.21M
NOI $132,886 @ 7.0% cap · market cap 4.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
7
Residential units
Location Intelligence
Trade Area within ½ mile
1,179
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?
Apartment building - Newly built residences feature private patios, in-unit laundry, and mini-split heating and cooling.
Where is this apartment building located?
The property is located at 7593 SW Capitol Hwy Portland, OR.
What is the asking price?
The asking price for this property is $3,184,300.
What are key features of this property?
This property features: Seven residences configured as a fourplex and triplex; Approximately 6,760 square feet with seven 2‑bedroom, 2.5‑bath homes; Two‑story layouts with open main living areas and private patios
