Garden-Style Quadplex with In-Unit
For Sale
$660,000
Pending
7822 NE EVERETT ST, Portland, OR 97213
Four residential units include appliances, private laundry, and a mix of two- and three-bedroom layouts.
Property Size3,817 SF
Lot Size0.25 Acres
Days on Market54
Property Features for 7822 NE EVERETT ST
General Information
Standard status
Pending
Size
3,817 SF
Class
Class C
Total Parking Spaces
4
Lot size
0.25 Acres
Property subtype
MULTI_FAMILY
Zoning
R5
Occupancy
100%
Property Condition
Severity
Major Repairs Needed
Evidence
average-condition
Site & Location
Highway Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
3 x 2BR, 1 x 3BR
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$11,912
Amenities
in-unit laundry
dishwasher
stove
refrigerator
Building Details
Building Size
3,817 SF
Year Built
1968
Buildings
1
Construction
garden-style
Listing Agency:
ELEETE Real Estate
Listed By:
Lee Davies · License #851200114
(503) 468-4018
Source:
Eleeterealestate
Added: Aug 14
Changed: Sep 23
Last Checked: Oct 5 at 10:46PM
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 ELEETE Real Estate
Investment Insights
Based on property information with market context.
This 1968 garden-style quadplex contains three two-bedroom apartments and one three-bedroom apartment, averaging about 954 square feet each. Every unit includes in-unit laundry, a dishwasher, stove, and refrigerator. The property occupies a level 10,700-square-foot R5 lot and provides four on-site parking spaces, including two attached garage spaces and two paved surface spaces. Improvements are described as average-condition Class C construction.
The building is currently 100% occupied by long-term tenants, with recent and near-term rent increases scheduled. City utilities serve the property, which is within the Portland school system and the Southeast Portland submarket. Access to I-84, TriMet bus lines, Fred Meyer, Eastport Plaza, and Providence Portland Medical Center adds convenient connections to transportation, retail, and medical services.
The building is currently 100% occupied by long-term tenants, with recent and near-term rent increases scheduled. City utilities serve the property, which is within the Portland school system and the Southeast Portland submarket. Access to I-84, TriMet bus lines, Fred Meyer, Eastport Plaza, and Providence Portland Medical Center adds convenient connections to transportation, retail, and medical services.
Key Highlights
- Four‑unit property with three 2‑bedroom units and one 3‑bedroom unit
- Units average about 954 sq. ft. each
- In‑unit laundry plus dishwasher, stove, and refrigerator in every unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,192
Cap Rate
8.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,063,840
$1.1M
Cap Rate 7%
$759,886
$759.9K
Cap Rate 9%
$591,022
$591.0K
Market Conditions
NOI Build-Up for 3,817 SF
Gross rent
$80.2K $21.00/SF
− Vacancy
−$4.2K −$1.09/SF
EGI
$76.0K $19.91/SF
− OpEx
−$22.8K −$5.97/SF
NOI
$53.2K $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%
$1,063,840
Cap Rate 7%
$759,886
Cap Rate 9%
$591,022
Alternative Uses
Best Use
Multifamily LT 5
$759.9K
$664.9K – $886.5K
NOI $53,192 @ 7.0% cap · market cap 8.06%
Second Best
Apartment 5plus
$700.1K
$612.6K – $816.8K
NOI $49,010 @ 7.0% cap · market cap 7.43%
Theoretical Best
Office A
$1.07M
$937.9K – $1.25M
NOI $75,034 @ 7.0% cap · market cap 11.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
100%
Occupancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,070
Businesses Nearby
Explore this area
Business Placement
Demographics for 97213, OR
31,260
Population
14,971
Households
2.1
Avg Household Size
40
Median Age
61%
College-Educated
95%
High-School Grad
4.0 sq mi
ZIP Area
7,815
Density / Sq Mi
$95,801
Median Household Income
$56,941
Median Earnings
$1,490
Median Rent
$609,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Quadplex - Four residential units include appliances, private laundry, and a mix of two- and three-bedroom layouts.
Where is this quadplex located?
The property is located at 7822 NE EVERETT ST Portland, OR.
What is the asking price?
The asking price for this property is $660,000.
What are key features of this property?
This property features: Four‑unit property with three 2‑bedroom units and one 3‑bedroom unit; Units average about 954 sq. ft. each; In‑unit laundry plus dishwasher, stove, and refrigerator in every unit
