Renovated Four-Unit
7612 SE 65th Ave, Portland, OR 97206
For Sale
$850,000
Single-level fourplex comprising two duplexes with separate utilities and legal lots.
Property Size3,030 SF
Price / SF$280.53
Days on Market50
Property Features for 7612 SE 65th Ave
General Information
Standard status
Size
Property subtype
Financials
Cap Rate
Gross Income
Gross Rent Multiplier
Site & Location
Neighborhood
Utilities to Site
Units
Unit Mix
Multifamily Units
Building Details
Year Built
Year Renovated
Buildings
Stories
Listing Agency:
Opt
Listed By:
Brian Spear, Brian Porter · License #OR 200312221
(503) 515-9374
Source:
Wyndeekono
Added: Sep 19
Changed: Nov 2
Last Checked: Oct 7 at 4:11PM
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 Opt
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Investment Insights
Based on property information with market context.
This 3,030-square-foot quadplex contains four single-level residences arranged as two duplexes. The unit mix includes two 3-bedroom/2-bath homes, one 3-bedroom/1-bath home, and one 2-bedroom/1-bath home with an attached garage. A substantial renovation completed in 2018/2019 added new electric meters, panels and circuits, PEX plumbing, sewer lines, gas furnaces, water heaters, and refreshed interior finishes. The work also converted garages into bedroom and bathroom space in Units 7614 and 7706 and added a bonus room/bedroom in Unit 7704.
The property is located at 7612 SE 65th Ave in Portland, Oregon, on a quiet residential street. Each duplex has its own utilities and occupies a separate legal lot, providing a configuration that could support division into two duplex parcels. The building dates to 1942 and has a Home Energy Score of 9.
The property is located at 7612 SE 65th Ave in Portland, Oregon, on a quiet residential street. Each duplex has its own utilities and occupies a separate legal lot, providing a configuration that could support division into two duplex parcels. The building dates to 1942 and has a Home Energy Score of 9.
Key Highlights
- Four units totaling 3,030 SF with two 3‑bedroom/2‑bath units, one 3‑bedroom/1‑bath unit, and one 2‑bedroom/1‑bath unit
- Two duplexes with separate utilities on two legal lots of record
- Major remodel completed in 2018/2019
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,496
Cap Rate
5.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$889,920
$889.9K
Cap Rate 7%
$635,657
$635.7K
Cap Rate 9%
$494,400
$494.4K
Market Conditions
NOI Build-Up for 3,030 SF
Gross rent
$67.3K $22.20/SF
− Vacancy
−$3.7K −$1.22/SF
EGI
$63.6K $20.98/SF
− OpEx
−$19.1K −$6.29/SF
NOI
$44.5K $14.69/SF
Area
ZIP 97206
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%
$889,920
Cap Rate 7%
$635,657
Cap Rate 9%
$494,400
Alternative Uses
Best Use
Multifamily LT 5
$635.7K
$556.2K – $741.6K
NOI $44,496 @ 7.0% cap · market cap 5.23%
Second Best
Apartment 5plus
$569.9K
$498.7K – $664.9K
NOI $39,896 @ 7.0% cap · market cap 4.69%
Theoretical Best
Office A
$850.9K
$744.5K – $992.7K
NOI $59,563 @ 7.0% cap · market cap 7.01%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
4
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
260
Businesses Nearby
Explore this area
Business Placement
Demographics for 97206, OR
51,072
Population
22,348
Households
2.3
Avg Household Size
38
Median Age
49%
College-Educated
94%
High-School Grad
6.5 sq mi
ZIP Area
7,857
Density / Sq Mi
$94,233
Median Household Income
$54,254
Median Earnings
$1,693
Median Rent
$480,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Quadplexes in Portland, OR
Properties on Market for Quadplexes in Portland
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Single-level fourplex comprising two duplexes with separate utilities and legal lots.
Where is this quadplex located?
The property is located at 7612 SE 65th Ave Portland, OR.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Four units totaling 3,030 SF with two 3‑bedroom/2‑bath units, one 3‑bedroom/1‑bath unit, and one 2‑bedroom/1‑bath unit; Two duplexes with separate utilities on two legal lots of record; Major remodel completed in 2018/2019
