Portsmouth Fourplex Investment
8309-8315 N Dwight Ave Portland, OR 97203
8309-8315 N Dwight Ave, Portland, OR, 97203
Contact for pricing
For Sale
Contact for pricing
Well-maintained fourplex in walkable Portsmouth neighborhood with rent increase potential.
Property Size3,185 SF
Lot Size0.29 Acres
Price / SF$269.70
Days on Market65
Property Features for 8309-8315 N Dwight Ave
General Information
- Standard status
- Active
- Size
- 3,185 SF
- Lot size
- 0.29 Acres
- Property subtype
- Multifamily
Building Details
- Year Built
- 1955
Listing Agency
Keller Williams Sunset Corridor
(971) 290-4437
Listed by
Jeff Yarbor · License #861000008
Source
Crexi
Added: May 14 Checked: Jul 16 at 12:52 pm
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 Sunset Corridor
Investment Insights
Based on property information with market context.
This well-maintained four-unit multifamily property presents an investment opportunity in the desirable Portsmouth neighborhood. Situated on 0.29 acres, the property features a newer 50-year roof. Each of the four units includes two bedrooms and one bath, equipped with a refrigerator and range, and benefits from natural light. A large common front yard offers open green space. On-site coin laundry and assigned parking are located at the rear of the property. The property is located in a highly walkable area. A 9% rent increase is scheduled for August of 2026. The property contains 3,185 square feet. This property is part of a two-lot offering.
Key Highlights
- Prime investment opportunity in a highly walkable Portsmouth neighborhood.
- 9% rent increase coming August of 2026.
- Well‑maintained 4‑unit multifamily property.
Local Financial Insights For Multifamily LT 5
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 | $66.9k | $21.00 |
| − Vacancy | −$3.5k | −$1.09 |
| EGI | $63.4k | $19.91 |
| − OpEx | −$19.0k | −$5.97 |
| NOI | $44.4k | $13.94 |
3,185 SF · lease $21.00/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$634.1K
$554.8K – $739.8K
NOI $44,385 @ 7.0% cap · market cap 5.17%
Second Best
Apartment 5plus
$584.2K
$511.2K – $681.6K
NOI $40,895 @ 7.0% cap · market cap 4.76%
Theoretical Best
Office A
$894.4K
$782.6K – $1.04M
NOI $62,610 @ 7.0% cap · market cap 7.29%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Well-maintained fourplex in walkable Portsmouth neighborhood with rent increase potential.
Where is this quadplex located?
The property is located at 8309-8315 N Dwight Ave Portland, OR.
What is the asking price?
The asking price for this property is $859,000.
What are key features of this property?
This property features: Prime investment opportunity in a highly walkable Portsmouth neighborhood.; 9% rent increase coming August of 2026.; Well‑maintained 4‑unit multifamily property.
