4-Unit Multifamily
For Sale
$1,658,000
8309 8315 N Dwight Ave, Portland, OR 97203
Residential income property with updated roofing, on-site laundry, rear parking, and four naturally lit apartments.
Property Size6,370 SF
Lot Size0.29 Acres
Price / SF$260.28
Days on Market75
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Property Features for 8309 8315 N Dwight Ave
General Information
Standard status
Active
Size
6,370 SF
Lot size
0.29 Acres
Property subtype
Multi-Family
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Amenities
on site coin laundry
common front yard
Building Details
Year Built
1955
Listing Agency:
Keller Williams Sunset Corridor
Listed By:
Jeff Yarbor · License #861000008
(971) 290-4437
Source:
Wyndeekono
Added: Aug 2
Changed: Oct 4
Last Checked: Oct 7 at 5:39PM
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 4-unit multifamily property contains four two-bedroom, one-bath apartments within a 3,185-square-foot building constructed in 1955. Each residence includes a refrigerator and range, while a newer 50-year roof serves the property. The units receive natural light and are supported by shared outdoor space.
The property occupies 0.29 acres in Portland’s Portsmouth neighborhood, described as highly walkable. Coin-operated laundry is located on site, and assigned parking is positioned behind the building. A 9% rent increase is scheduled for August 2026. The property is also included in a two-lot offering.
The property occupies 0.29 acres in Portland’s Portsmouth neighborhood, described as highly walkable. Coin-operated laundry is located on site, and assigned parking is positioned behind the building. A 9% rent increase is scheduled for August 2026. The property is also included in a two-lot offering.
Key Highlights
- Four 2‑bedroom, 1‑bath units in a 3,185 SF multifamily building
- 0.29‑acre property in Portland’s Portsmouth neighborhood
- Newer 50‑year roof
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$88,770
Cap Rate
5.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,775,400
$1.8M
Cap Rate 7%
$1,268,143
$1.3M
Cap Rate 9%
$986,333
$986.3K
Market Conditions
NOI Build-Up for 6,370 SF
Gross rent
$133.8K $21.00/SF
− Vacancy
−$7.0K −$1.09/SF
EGI
$126.8K $19.91/SF
− OpEx
−$38.0K −$5.97/SF
NOI
$88.8K $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%
$1,775,400
Cap Rate 7%
$1,268,143
Cap Rate 9%
$986,333
Alternative Uses
Best Use
Multifamily LT 5
$1.27M
$1.11M – $1.48M
NOI $88,770 @ 7.0% cap · market cap 5.35%
Second Best
Apartment 5plus
$1.17M
$1.02M – $1.36M
NOI $81,791 @ 7.0% cap · market cap 4.93%
Theoretical Best
Office A
$1.79M
$1.57M – $2.09M
NOI $125,220 @ 7.0% cap · market cap 7.55%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
428
Businesses Nearby
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Business Placement
Demographics for 97203, OR
33,763
Population
13,462
Households
2.5
Avg Household Size
34
Median Age
45%
College-Educated
90%
High-School Grad
10.8 sq mi
ZIP Area
3,126
Density / Sq Mi
$77,619
Median Household Income
$46,152
Median Earnings
$1,551
Median Rent
$468,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Residential income property with updated roofing, on-site laundry, rear parking, and four naturally lit apartments.
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 $1,658,000.
What are key features of this property?
This property features: Four 2‑bedroom, 1‑bath units in a 3,185 SF multifamily building; 0.29‑acre property in Portland’s Portsmouth neighborhood; Newer 50‑year roof
