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$442.94
Days on Market55
Property Features for 7593 SW Capitol Hwy
General Information
Standard status
Active
Size
6,760 SF
Property subtype
Multifamily
Site & Location
Neighborhood
Multnomah
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) 709-4632
Source:
Crexi
Added: Sep 9
Changed: Oct 31
Last Checked: Nov 1 at 4:46AM
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
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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 / Yr
$99,273
Cap Rate
3.32%
Suggested Prices Based on Cap Rates
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
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 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 3.32%
Second Best
Apartment 5plus
$1.25M
$1.09M – $1.46M
NOI $87,466 @ 7.0% cap · market cap 2.92%
Theoretical Best
Office A
$1.90M
$1.66M – $2.21M
NOI $132,886 @ 7.0% cap · market cap 4.44%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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
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 $2,994,300.
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
