Triplex with Fire
7943 SW 17TH AVE, Portland, OR 97219
For Sale
$1,290,000
Three residential units feature insulated walls, fire sprinklers, and extensive updates completed in 2024.
Property Size3,150 SF
Price / SF$409.52
Days on Market201
Property Features for 7943 SW 17TH AVE
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Additional Details
Sprinkler System
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Year Renovated
Listing Agency:
A2K Realty Inc
Listed By:
Hossein Amirifar · License OR #930300170
(503) 710-1514
Source:
Destinedrealtygroup
Added: Apr 24
Changed: Nov 9
Last Checked: Nov 9 at 7:06PM
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 A2K Realty Inc
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Investment Insights
Based on property information with market context.
This 3,150-square-foot triplex was built in 2001 and has insulated walls and fire sprinklers. Improvements completed in 2024 include a roof, siding, windows, doors, decking, flooring, appliances, cabinetry, marble countertops, bathroom tile and shower components, and heat pumps.
The property is minutes from downtown, PCC, Lewis & Clark, Fred Meyer, and Safeway. Home Energy Score reports are available for Units 2 and 3.
The property is minutes from downtown, PCC, Lewis & Clark, Fred Meyer, and Safeway. Home Energy Score reports are available for Units 2 and 3.
Key Highlights
- Three‑unit residential property totaling 3,150 square feet
- Insulated walls and fire sprinklers
- Updates completed in 2024 include roof, siding, windows, doors, decking, flooring, appliances, cabinetry, marble countertops, bathroom finishes, and heat pumps
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,259
Cap Rate
3.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$925,180
$925.2K
Cap Rate 7%
$660,843
$660.8K
Cap Rate 9%
$513,989
$514.0K
Market Conditions
NOI Build-Up for 3,150 SF
Gross rent
$69.9K $22.20/SF
− Vacancy
−$3.8K −$1.22/SF
EGI
$66.1K $20.98/SF
− OpEx
−$19.8K −$6.29/SF
NOI
$46.3K $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%
$925,180
Cap Rate 7%
$660,843
Cap Rate 9%
$513,989
Alternative Uses
Best Use
Multifamily LT 5
$660.8K
$578.2K – $771.0K
NOI $46,259 @ 7.0% cap · market cap 3.59%
Second Best
Apartment 5plus
$582.2K
$509.5K – $679.3K
NOI $40,757 @ 7.0% cap · market cap 3.16%
Theoretical Best
Office A
$884.6K
$774.0K – $1.03M
NOI $61,922 @ 7.0% cap · market cap 4.80%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Lease Details
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
642
Businesses Nearby
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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
$651,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Triplexes in Portland, OR
Properties on Market for Triplexes in Portland
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Three residential units feature insulated walls, fire sprinklers, and extensive updates completed in 2024.
Where is this triplex located?
The property is located at 7943 SW 17TH AVE Portland, OR.
What is the asking price?
The asking price for this property is $1,290,000.
What are key features of this property?
This property features: Three‑unit residential property totaling 3,150 square feet; Insulated walls and fire sprinklers; Updates completed in 2024 include roof, siding, windows, doors, decking, flooring, appliances, cabinetry, marble countertops, bathroom finishes, and heat pumps
