New Mixed-Use Investment
New
For Sale
$3,499,000
7921 SW Capitol, Portland, OR 97219
Three-story building combines residential residences with street-level commercial suites in Multnomah Village.
Property Size8,933 SF
Price / SF$391.69
Days on Market5
Property Features for 7921 SW Capitol
General Information
Standard status
Active
Size
8,933 SF
Property subtype
Commercial
Additional Details
Multifamily Units
12
Amenities
Ductless Heating
Flat Roof
Membrane Roof
Mini Split Heating
On street
Zoned Heating
Building Details
Year Built
2026
Buildings
1
Stories
3
Tenancy
Multi
Listing Agency:
AVERY BUNICK PROPERTIES
(503) 799-3839
Listed By:
MARY JO AVERY · License #780300081
Source:
Corcoran
Added: Jul 29
Changed: Jul 31
Last Checked: Aug 1 at 5:45AM
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 AVERY BUNICK PROPERTIES
Investment Insights
Based on property information with market context.
Newly constructed in 2026, this 8,933-square-foot, three-story mixed-use building includes 12 residential residences and two street-level commercial suites. The residences feature quartz countertops, custom cabinetry, stainless steel appliances, luxury vinyl plank flooring, designer tile bath surrounds, in-unit laundry, energy-efficient mini-split heating and cooling systems, and expansive windows. The commercial suites offer visibility and pedestrian activity within the Multnomah Village business district.
Located at 7921 SW Capitol in Portland, the property is positioned steps from boutiques, restaurants, cafés, specialty retailers, and everyday conveniences. The neighborhood has a Walk Score of 88, supporting convenient access to surrounding services and amenities.
Located at 7921 SW Capitol in Portland, the property is positioned steps from boutiques, restaurants, cafés, specialty retailers, and everyday conveniences. The neighborhood has a Walk Score of 88, supporting convenient access to surrounding services and amenities.
Key Highlights
- Newly constructed 8,933‑square‑foot mixed‑use building completed in 2026
- 12 residential residences and two street‑level commercial suites
- Three‑story building at 7921 SW Capitol, Portland, OR 97219
Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $225.1k | $25.20 |
| − Vacancy | −$18.0k | −$2.02 |
| EGI | $207.1k | $23.18 |
| − OpEx | −$77.7k | −$8.69 |
| NOI | $129.4k | $14.49 |
8,933 SF · lease $25.20/SF/yr · vacancy 8.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$1.85M
$1.62M – $2.16M
NOI $129,439 @ 7.0% cap · market cap 3.70%
Second Best
Retail
$1.66M
$1.45M – $1.93M
NOI $115,914 @ 7.0% cap · market cap 3.31%
Theoretical Best
Office A
$2.51M
$2.20M – $2.93M
NOI $175,602 @ 7.0% cap · market cap 5.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
12
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,023
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
Properties on Market for Mixed-use properties in Portland
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Three-story building combines residential residences with street-level commercial suites in Multnomah Village.
Where is this mixed-use property located?
The property is located at 7921 SW Capitol Portland, OR.
What is the asking price?
The asking price for this property is $3,499,000.
What are key features of this property?
This property features: Newly constructed 8,933‑square‑foot mixed‑use building completed in 2026; 12 residential residences and two street‑level commercial suites; Three‑story building at 7921 SW Capitol, Portland, OR 97219
